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of <h1>RBI Launches EDPMS for Category-I Banks to Streamline Export Data Reporting and Replace Paper Processes with IT Solutions.</h1> The Reserve Bank of India (RBI) has introduced the Export Data Processing and Monitoring System (EDPMS) for Category-I Authorized Dealer Banks to streamline export data reporting. This IT-based system consolidates various export-related returns, such as export outstanding statements and export bills, into a single platform. It facilitates data flow from Customs, SEZ, and STPI to the RBI and back to banks for efficient monitoring and follow-up. The system also allows electronic handling of Authorized Dealer transfer requests, replacing paper-based processes. Banks must transition to this system by a specified cut-off date, with both old and new systems operating concurrently for a period.
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