As commercial banks integrate digital technologies into key business processes, they are accruing benefits including enhanced customer experience and agility. This is, however, exposing scheduled commercial banks to greater security threats that require a more sophisticated response beyond traditional risk mitigation techniques. Taking into account the viewpoint from a regulator’s perspective, the RBI’s step to release a Cyber Security Framework for Scheduled Commercial Banks was an important move.

The purpose of this document is to highlight the framework and the annexure as per the new guidelines released by Reserve Bank of India on Cyber Security Framework for Scheduled Commercial Banks (SCBs).

{{cta-component}}