Module: General Practice
Q23: Under the Reserve Bank of India's Supervisory Data Quality Index (sDQI) grading system, what score threshold results in a bank's data submission being classified as a major concern?
✅ Correct Answer: C
The correct answer is Scores below 70.
The Reserve Bank of India checks the quality of bank data using the Supervisory Data Quality Index.
It looks at four areas: Accuracy, Timeliness, Completeness, and Consistency.
Drops in accuracy and timeliness can be balanced out by better completeness and consistency to get the total score.
The central bank puts these scores into four buckets.
Scores below 70 are a major concern.
Scores from 70 to 80 mean the bank needs improvement.
Scores from 80 to 90 are acceptable.
Scores above 90 are good.
This grouping decides how the central bank views the honesty of a commercial bank's data.
The Reserve Bank of India checks the quality of bank data using the Supervisory Data Quality Index.
It looks at four areas: Accuracy, Timeliness, Completeness, and Consistency.
Drops in accuracy and timeliness can be balanced out by better completeness and consistency to get the total score.
The central bank puts these scores into four buckets.
Scores below 70 are a major concern.
Scores from 70 to 80 mean the bank needs improvement.
Scores from 80 to 90 are acceptable.
Scores above 90 are good.
This grouping decides how the central bank views the honesty of a commercial bank's data.
🧠 Real-World Scenario:
Imagine A newly launched Private Bank submits its quarterly financial data to the RBI, but the numbers are full of typos and submitted 5 days late. Suddenly, the RBI's automated system gives them an sDQI score of 65.
According to the rules, they can expect immediate regulatory action because any score below 70 triggers a "Major Concern" alert. This means the RBI does not trust the bank's internal honesty or competence.