The Reserve Bank of India has outlined 10 key requirements covering technology and cyber-risk management for regulated entities, emphasising stronger governance, controls and resilience as financial institutions become increasingly dependent on digital infrastructure. The requirements focus on ensuring that technology risks are identified, assessed and managed through structured frameworks rather than being treated solely as information-technology concerns.
The framework places emphasis on areas including board and senior-management oversight, technology-risk governance, cybersecurity controls, information-security management, vulnerability assessment, incident response, business continuity and disaster recovery. Regulated entities also need to maintain appropriate controls over technology infrastructure and ensure that risks arising from third-party service providers and interconnected systems are adequately assessed. These requirements are particularly relevant as banks and financial institutions expand cloud usage, digital channels, application programming interfaces and artificial intelligence-based systems.
The broader objective is to strengthen operational resilience by ensuring that technology failures, cyber incidents and vulnerabilities do not disrupt critical financial services. For risk professionals, the key message is that technology and cyber risk require continuous monitoring, clear accountability and periodic assessment of controls. The 10 requirements therefore reinforce the need to integrate technology risk, cybersecurity, third-party risk and business continuity into the institution’s overall risk-management framework.
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