RBI notifies Draft Master Direction on Information Technology, Governance, Risk, Controls and Assurance Practices

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  • Last Updated on 22 October, 2022

Information Technology Governance

Press Release no. 2022-2023/1072, dated: 20.10.2022

Earlier, the RBI had announced that the guidelines relating to Information Technology Governance and Controls, Business Continuity Management and Information Systems Audit require to be updated and consolidated. Now, the RBI has notified the Draft Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices for implementation by Regulated Entities (REs).

The draft Master Directions incorporate consolidated and updated guidelines/instructions on IT Governance, Risks, Controls and Assurance Practices for comments of stakeholders and members of the public.

Further, the comments/feedback from REs and other stakeholders will be submitted by November 20, 2022 through email with the subject line ‘Feedback on Master Direction – Information Technology Governance, Risk, Controls and Assurance Practices’.

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