The Reserve Bank of India had, in February 2022, announced in the Statement on Developmental and Regulatory Policies, released with the bi-monthly Monetary Policy Statement that guidelines relating to Information Technology Governance and Controls, Business Continuity Management and Information Systems Audit require to be updated and consolidated.
Accordingly, as part of consolidation and updation of extant instructions, the RBI has placed on its website ‘Draft Master Direction – Information Technology Governance, Risk, Controls and Assurance Practices’ for comments of stakeholders and members of the public.
The RBI further has said that comments /feedback from Regulated Entities (RE) and other stakeholders may be submitted by November 20, 2022 through email with the subject line ‘Feedback on Master Direction – Information Technology Governance, Risk, Controls and Assurance Practices.’
Read the Draft Master Direction.
