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ARTICLE · 04 DECEMBER 2024

JSA Newsletter | Finance | August - September Edition 2024

JSA Advocates & Solicitors
JSA Advocates & Solicitors
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JSA Advocates & Solicitors

JSA Advocates & Solicitors

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This Newsletter sets out some of the key legislative and regulatory updates in the banking and finance, funds and insolvency space for the months of August and September 2024.

IndiaFinance and Banking
Anish Mashruwala
Anish Mashruwala
Tirthankar Datta
Tirthankar Datta
Utsav Johri
Utsav Johri
Sucheta Bhattacharya
Sucheta Bhattacharya
Megha Upadhyaya
Megha Upadhyaya
Kratika Parashar
Kratika Parashar
Nishal Makharia
Nishal Makharia
Suprabh Garg
Suprabh Garg
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This Newsletter sets out some of the key legislative and regulatory updates in the banking and finance, funds and insolvency space for the months of August and September 2024.

Directions on cyber resilience and payment security controls for payment system operators

The Reserve Bank of India ("RBI"), vide circular dated July 30, 2024, issued the Master Directions on 'Cyber Resilience and Digital Payment Security Controls' for non-bank Payment System Operators ("PSOs"). They apply to all authorised non-bank PSOs and aim to improve the safety and security of the payment systems operated by PSOs by providing a framework for overall information security preparedness with an emphasis on cyber resilience. These directions cover areas including information security policies, cyber crisis management plans, risk assessment, network security, application security, vendor risk management, data security, incident response, and business continuity planning.

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