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ARTICLE · 04 MAY 2023

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RBI Master Direction On IT Outsourcing By Regulated Entities

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

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The Reserve Bank of India ("RBI") notified the Master Direction on Outsourcing of Information Technology Services ("Master Directions") on April 10, 2023.

IndiaMedia, Telecoms, IT, Entertainment

Background

The Reserve Bank of India ("") notified the Master Direction on Outsourcing of Information Technology Services ("Master Directions") on April 10, 2023. These Master Directions RBI are released subsequent to receiving public comments on the RBI's draft of the Master Directions.

The Master Directions intend to regulate the outsourcing of information technology ("IT") services by banks, non-banking financial companies ("NBFCs"), primary cooperative banks, EXIM Bank, National Bank for Agriculture and Rural Development, National Bank for Financing Infrastructure and Development, National Housing Bank, Small Industries Development Bank of India Credit Information Companies, etc (collectively, "RE").

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