Page 258 - NHB AR 2020-21-3 complete- Print (1)
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Performance of Housing Finance Sector during FY 2020-21, April 23rd, 2021.
3.5.7 Soft Launch of Automated Data Flow (ADF) Portal
NHB’s supervision is aimed at preventing the affairs of any HFC being conducted in a manner
detrimental to the interest of the public and shall not be prejudicial to the operations and the
growth of the housing finance sector of the country.
NHB has introduced the Online Reporting Management Information Systems (ORMIS) based
on dot (.) Net and web-based technology. This system provides a platform for HFCs to submit
all statutory and other returns securely over Internet after signing returns digitally using their
Digital Signature Certificates (DSCs). The returns, submitted, are analysed, and accepted
which goes to the Central Data Repository (CDR) for further monitoring and analysis.
Although ORMIS, has its own utility in supporting the standard MIS reporting requirement
of the Bank, a need was felt to obtain granular level data of HFCs to meet supervisory
requirements for ad-hoc queries regarding health and soundness of the HFCs. In this regard,
RBI had also advised NHB to strengthen the off-site supervision by capturing data from the
Core Banking Solution (CBS) of HFCs through a direct interface to the system of NHB.
It is in this context, NHB has embarked on an ambitious project called the Automated Data
Flow (ADF) System to further strengthen its supervisory activities and MIS requirements. Sh.
S K Hota, MD undertook the soft launch of the ADF Portal on July 9, 2021 during the Annual
Day event of the Bank. ADF is essentially a form of data exchange between two software
applications over a network including Internet. ADF adoption is the first step towards
achieving a goal of an Artificial Intelligence/Machine Learning led supervision. The ADF
implementation will not only create a centralised data repository for business analytics but
will also strengthen overall supervisory framework and governance of supervised entities.
238 | Annual Report 2020-21
3.5.7 Soft Launch of Automated Data Flow (ADF) Portal
NHB’s supervision is aimed at preventing the affairs of any HFC being conducted in a manner
detrimental to the interest of the public and shall not be prejudicial to the operations and the
growth of the housing finance sector of the country.
NHB has introduced the Online Reporting Management Information Systems (ORMIS) based
on dot (.) Net and web-based technology. This system provides a platform for HFCs to submit
all statutory and other returns securely over Internet after signing returns digitally using their
Digital Signature Certificates (DSCs). The returns, submitted, are analysed, and accepted
which goes to the Central Data Repository (CDR) for further monitoring and analysis.
Although ORMIS, has its own utility in supporting the standard MIS reporting requirement
of the Bank, a need was felt to obtain granular level data of HFCs to meet supervisory
requirements for ad-hoc queries regarding health and soundness of the HFCs. In this regard,
RBI had also advised NHB to strengthen the off-site supervision by capturing data from the
Core Banking Solution (CBS) of HFCs through a direct interface to the system of NHB.
It is in this context, NHB has embarked on an ambitious project called the Automated Data
Flow (ADF) System to further strengthen its supervisory activities and MIS requirements. Sh.
S K Hota, MD undertook the soft launch of the ADF Portal on July 9, 2021 during the Annual
Day event of the Bank. ADF is essentially a form of data exchange between two software
applications over a network including Internet. ADF adoption is the first step towards
achieving a goal of an Artificial Intelligence/Machine Learning led supervision. The ADF
implementation will not only create a centralised data repository for business analytics but
will also strengthen overall supervisory framework and governance of supervised entities.
238 | Annual Report 2020-21
