According to reports from The Economic Times, Ahana Systems and Solutions Pvt. Ltd. has announced a solution-led initiative for co-operative banks built on its Data Management Solution platform and based on a proprietary Data Model that's tailored for co-operative banks. This new solution aims to simplify Reserve Bank of India reporting in environments where data resides across core banking, treasury, and digital channels. The system uses a special data model designed to reduce manual work and errors while enabling faster reporting cycles and improved audit readiness. As per the company's latest announcement, the solution brings together data from core banking, treasury, and digital systems into a governed framework that eliminates the need for 30-40 people and days of spreadsheet work just to file RBI reports.
As reported by The Economic Times, co-operative banks often report data across multiple systems and departments, leading to reconciliation overhead and inconsistent reporting outcomes. Common conditions include disconnected core banking, treasury, and digital systems, RBI reporting that takes days per cycle, higher error rates due to manual consolidation, and difficulty producing a unified customer view. Audit readiness adds complexity, with audit data distributed across departmental systems without a historical data retention strategy, and reports manually created from on-premises backups. According to Ahana Systems, this results in disconnected systems, manual consolidation, reconciliation overhead, and audit delays that keep repeating in current banking operations.
According to The Economic Times, the solution establishes a governed reporting foundation that consolidates data, standardises processing, and supports RBI and MIS reporting workflows through structured pipelines and analytics-driven consumption. Vivek Hegde, Founder Director and CEO, Ahana, stated that the data model helps banks reduce manual effort, improve audit readiness through traceable lineage and historical records, and move toward faster, more consistent regulatory reporting cycles. The approach focuses on standardising ingestion, orchestration, and report-ready data structures to reduce manual consolidation. As per the company's latest announcement, the solution reduces manual effort, improves audit readiness, and enables faster, more reliable reporting through its governed framework approach.
As reported by The Economic Times, the solution is positioned to support measurable outcomes including faster RBI reporting cycles moving toward reports generated in hours instead of days, reduced manual effort and error exposure through standardised processing, reduced dependency on spreadsheet-based workflows, and improved audit readiness supported by traceable data lineage and historical records for regulatory review. Chidananda Murthy, Head, Presales, Ahana, emphasized that the priority is to make reporting dependable in day-to-day operations with clear controls around data quality and audit evidence. According to Ahana Systems, the solution aims to make RBI reporting consistent across every cycle while eliminating the need for extensive manual work and spreadsheet-based processes that currently plague co-operative banks.
