RBI cyber security and IT governance requirements vary by regulated entity and source.
Official sources
- RBI Cyber Security Framework in Banks
- RBI Master Direction on IT Governance, Risk, Controls and Assurance Practices
What RBI is trying to do
RBI expects regulated entities to govern technology and cyber risk because financial services depend on systems, data, connectivity, providers, and digital channels. Cyber risk is not only a technical issue; it affects customer trust, financial stability, operations, and regulatory compliance.
What teams need to do
- Maintain IT governance, cyber risk, and control frameworks.
- Map systems, data, users, service providers, and critical operations.
- Operate controls for access, patching, vulnerability management, monitoring, incident response,
backup, recovery, and assurance.
- Govern outsourced technology and cloud providers.
- Preserve incident, audit, remediation, and reporting evidence.
Evidence to maintain
- IT governance and cyber security policies.
- System and provider inventories.
- Access, vulnerability, patch, logging, backup, and recovery evidence.
- Incident response and regulatory reporting records.
- Audit, assurance, remediation, and management reporting.
Common gaps
- Cyber evidence is technical but not connected to governance reporting.
- Provider incidents do not update outsourcing records.
- Cloud providers are not tied to critical system maps.
How Halbarad helps
Halbarad helps teams connect technology providers to systems, data, cyber evidence, incidents, issues, remediation, monitoring signals, and reporting.
Disclaimer
This guide is for general information only and is not legal advice. Review the official regulation, guidance, and supervisory materials, and consult qualified counsel or compliance advisors for your organization's specific obligations.