RBI IT Framework for NBFC
Implement the Master Direction Framework for NBFC released by RBI quickly and get compliant.
To improve the Efficiency and Security for NBFCs, the Reserve Bank of India (RBI) has released the Master Direction – Information Technology Framework for NBFC Sector (“Directions”) vide it notification no. Master Direction DNBS.PPD.No.04/66.15.001/2016-17 dated June 08, 2017.
NBFCs may have already implemented or may be implementing some of the requirements defined in the Directions of IT Framework for NBFC. They are now required to perform an Audit as per the Notification to ensure that Business risks are addressed. This can get tedious and to get a clearer picture it is important that you have a trusted third party auditor to help you get this done and get value out of improving your organisation governance in the due process.
Matrix3D will help you comply with the RBI Master Direction guidelines for both the asset size of NBFCs, below or above 500 crores. We will help you find the gaps based on the directions defined in the IT Framework for NBFC.
Gap Analysis between their current IT status and requirements defined in the Directions to Prepare a time bound action plan to address the gap and comply with the guidelines. The analysis may be submitted to the Board of the company within six months of the issuance of these directions.
NBFCs Systemically Important shall comply with the Master Directions by June 30, 2018 and other NBFCs (asset size below ₹ 500 crore) shall comply by September 30, 2018.
We will also help you implement those requirements in your organization. If you already have your current IT setup, we will project manage it to make sure that the guidelines are implemented correctly in your organization.
- Our solution of IT Framework for NBFC is fast and easy to implement with the complete guidelines and directions to achieve this.
- Matrix3D can move one step further and help you implement industry best practice in your organization while implementing the Master Direction Framework.
- With our expertise in audit, we make sure that your comply with the guidelines and implement them correctly.