New Delhi: The Controller General of Accounts (CGA) launched the Government Bank Dashboard to enable real-time monitoring of banks handling government transactions and to strengthen accountability in public fund management.
CGA Ms. T.C.A. Kalyani unveiled the digital platform along with the Government Bank Manual in New Delhi. Through these initiatives, the office aims to improve governance and operational efficiency in government banking.
The manual sets out a standard framework for banks managing government business. It defines operational procedures and reporting duties. It also fixes reconciliation timelines and compliance norms. As a result, it seeks to reduce ambiguity and limit operational risk across stakeholders.
Meanwhile, the new dashboard introduces data-driven monitoring of critical banking functions. It tracks remittance timelines and scroll compliance. In addition, it measures reconciliation status and transaction success rates. Furthermore, it reviews adherence to service-level standards.
Real-time oversight framework strengthens compliance systems
Unlike earlier systems that relied on post-facto corrections, the platform supports proactive oversight and performance management. Therefore, authorities can identify gaps early and act in time.
Emphasising the broader reform vision, the CGA said the measures institutionalise uniform procedures and objective benchmarks. At the same time, they reinforce shared responsibility in safeguarding public funds.
In the next phase, reforms will focus on deeper digital integration. Authorities will strengthen cybersecurity safeguards and deploy advanced analytics. Additionally, they plan institutional capacity building to modernise government banking operations further.
Overall, the Government Bank Dashboard marks a shift towards structured compliance, reduced risk and enhanced transparency in handling government business.
