Master Direction – Information Technology Framework for the NBFC Sector

RBI Master Direction Link

IT Framework for NBFC Sector

The Reserve Bank of India has issued a Master Direction outlining the IT framework for the Non-Banking Financial Company (NBFC) sector.

The framework consists of six key components:

IT Governance

Establish an IT Strategy Committee to oversee IT strategy, value delivery, risk management, and IT resource management.

IT Policy

Implement an IT policy that covers IT strategy, value delivery, risk management, and IT resource management at the operational level.

Information and Cyber Security

Ensure information security through:

  • Identification and classification of information assets
  • Segregation of functions
  • Role-based access control
  • Personnel security
  • Physical security
  • Maker-checker
  • Incident management
  • Trails
  • Public Key Infrastructure (PKI)

and a Board-approved Cyber-security Policy.

IT Operations

Ensure efficient IT operations.

IS Audit

Conduct regular IS audits.

Business Continuity Planning

Develop a business continuity plan to ensure continuity of critical business processes.

IT Services Outsourcing

Ensure proper outsourcing of IT services.

Chat with the Master Direction:

Download: Master Direction – Information Technology Framework for the NBFC Sector

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