RBI Master Direction On Information Technology Governance, Risk, Controls and Assurance practices
RBI Master Direction On Information Technology Governance, Risk, Controls and Assurance practices
RBI Master Direction On Information Technology Governance, Risk, Controls and Assurance practices
The Reserve Bank of India (RBI) has, on 7th November 2023, issued the Master Direction on Information Technology Governance, Risk, Controls, and Assurance Practices. This is an extensive direction, with a goal of bolstering the IT governance frameworks of the regulated institutions with effective risk management, solid controls, and good assurance practices.
Main Highlights of the RBI Master Direction
Main Highlights of the RBI Master Direction
IT Governance Structure
IT Governance Structure
IT Governance Structure
Creates a formal process for the alignment of IT plans with business goals, with focus on the responsibilities and roles of the Board of Directors, IT Strategy Committee, Senior Management, and the Head of IT Function.
Creates a formal process for the alignment of IT plans with business goals, with focus on the responsibilities and roles of the Board of Directors, IT Strategy Committee, Senior Management, and the Head of IT Function.
Creates a formal process for the alignment of IT plans with business goals, with focus on the responsibilities and roles of the Board of Directors, IT Strategy Committee, Senior Management, and the Head of IT Function.
IT Infrastructure & Services Management
IT Infrastructure & Services Management
IT Infrastructure & Services Management
Concerned with managing IT services, managing third-party arrangements, capacity planning, project management, change and patch management, data migration controls, audit trails, cryptographic controls, straight-through processing, physical and environmental controls, access controls, teleworking controls, and the utilization of metrics.
Concerned with managing IT services, managing third-party arrangements, capacity planning, project management, change and patch management, data migration controls, audit trails, cryptographic controls, straight-through processing, physical and environmental controls, access controls, teleworking controls, and the utilization of metrics.
Concerned with managing IT services, managing third-party arrangements, capacity planning, project management, change and patch management, data migration controls, audit trails, cryptographic controls, straight-through processing, physical and environmental controls, access controls, teleworking controls, and the utilization of metrics.
IT and Information Security Risk Management
IT and Information Security Risk Management
Calls for regular reviews of IT-related risks, creation of comprehensive IT and information security risk management frameworks, establishment of information and cyber security policies, risk assessments, vulnerability assessments, penetration testing, and cyber incident response and recovery management
Calls for regular reviews of IT-related risks, creation of comprehensive IT and information security risk management frameworks, establishment of information and cyber security policies, risk assessments, vulnerability assessments, penetration testing, and cyber incident response and recovery management
Calls for regular reviews of IT-related risks, creation of comprehensive IT and information security risk management frameworks, establishment of information and cyber security policies, risk assessments, vulnerability assessments, penetration testing, and cyber incident response and recovery management
Business Continuity and Disaster Recovery Management
Business Continuity and Disaster Recovery Management
Calls for entities to have sound business continuity plans and disaster recovery policies to ensure operational resilience during disruptions
Calls for entities to have sound business continuity plans and disaster recovery policies to ensure operational resilience during disruptions
Calls for entities to have sound business continuity plans and disaster recovery policies to ensure operational resilience during disruptions
Information Systems (IS) Audit
Information Systems (IS) Audit
Stresses the need for frequent IS audits to determine the adequacy of IT controls and check adherence to predefined policies and procedures.
Stresses the need for frequent IS audits to determine the adequacy of IT controls and check adherence to predefined policies and procedures.
Stresses the need for frequent IS audits to determine the adequacy of IT controls and check adherence to predefined policies and procedures.
This Master Direction demonstrates RBI's determination to enhance the technology infrastructure and strength of Indian financial institutions and to follow best international practices in IT governance and risk management.
This Master Direction demonstrates RBI's determination to enhance the technology infrastructure and strength of Indian financial institutions and to follow best international practices in IT governance and risk management.
Mandatory regulated entities under RBI's IT Governance Mandate
Mandatory regulated entities under RBI's IT Governance Mandate
Mandatory regulated entities under RBI's IT Governance Mandate
Scheduled Commercial Banks
Small Finance Banks
Payment Banks
NBFCs
Credit Information Companies
All India Financial Institutions
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CastlerCode is a groundbreaking cloud-native software escrow solution. It offers seamless integration, automates source code deposits, and grants you secure access from anywhere, anytime. CastlerCode is amongst the world's first cloud-native software escrow solution offering cloud-storage for Software, Source-Code & SaaS in an escrow environment.
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Castler Escrow Banking, India's Largest Escrow-as-a-Service Platform, automates the Escrow account management and improves the user experience for managing payments and settlements. By leveraging technology to streamline these transactions, Castler makes the process more efficient, secure and convenient for its users.
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Copyright @2025 Castler. All rights reserved.
Made in India 🇮🇳
CastlerCode is a groundbreaking cloud-native software escrow solution. It offers seamless integration, automates source code deposits, and grants you secure access from anywhere, anytime. CastlerCode is amongst the world's first cloud-native software escrow solution offering cloud-storage for Software, Source-Code & SaaS in an escrow environment.
Other Business Solutions
Castler Escrow Banking, India's Largest Escrow-as-a-Service Platform, automates the Escrow account management and improves the user experience for managing payments and settlements. By leveraging technology to streamline these transactions, Castler makes the process more efficient, secure and convenient for its users.
Talk to our Experts
Software Escrow
Escrow Solution
Information Escrow
IP Protection
Document Escrow
Trade Secret Escrow
Register Data Escrow
Data Escrow
Intellectual Property Archive
Intellectual Property Audit
Verification Service
L1 Verification
L2 Verification
Copyright @2025 Castler. All rights reserved. Made in India 🇮🇳