To better oversee and keep tabs on the performance of banks that deal with government transactions, the CGA has released the Government Bank Manual and the Government Bank Dashboard.
According to T.C.A. Kalyani, Controller General of Accounts, the handbook aims to reduce operational risk and enhance accountability by providing a standardised framework covering operational procedures, reporting norms, reconciliation timetables, and compliance criteria.
Key performance parameters, including remittance deadlines, scroll compliance, reconciliation status, and transaction success rates, may be tracked in real-time using the dashboard. A new age of proactive, data-driven oversight of public banking operations has begun with this change.
To further modernise the ecosystem, the next round of reforms will centre on digital integration, cybersecurity strengthening, and advanced analytics.
Consolidation of monthly and annual union accounts, as well as reconciliation of union government balances with the Reserve Bank of India, are supervised by the CGA, who is also responsible for overseeing government accounting standards.
