RBI Cybersecurity Compliance Checklist
Get this practical checklist to achieve and maintain the RBI cybersecurity compliance. Be audit-ready and stay ahead.
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What are the consequences of non-compliance
- Appointment of supervisors / advisors / consultants to remediate gaps (at the cost of the regulated entity)
- Monetary penalties
- Restrictions on business operations
- Suspension or revocation of license
- Reputational impact
Who must comply with RBI cybersecurity requirements
- Scheduled Commercial Banks, except Regional Rural Banks (RRBs) and Local Area Banks (LABs)
- Small Finance Banks
- Payments Banks
- Non-Banking Financial Companies (NBFCs), except NBFC-Core Investment Companies
- Credit Information Companies (CICs)
- All India Financial Institutions (EXIM Bank, NABARD, NaBFID, NHB and SIDBI)
Foreign banks operate in India on a ‘comply or explain’ approach.
What is Inside the guide
Analysis of the RBI Master Direction on IT Governance, Risk, Controls and Assurance Practices.
Actionable checklist to help your organization align with RBI cybersecurity requirements, covering technology, documentation and recurring cybersecurity activities.
Mapping of Axidian solutions to the RBI Master Direction controls, including core functions and wider coverage of controls.