RBI Working Group Consulting

1. Compliance Consultancy Service
RBI - Guidelines to banks
“The RBI Working Group examined various issues arising out of the use of Information Technology in banks
and made its recommendations in nine broad areas. The areas are IT Governance, Information Security, IS
Audit, IT Operations, IT Services Outsourcing, Cyber Fraud, Business Continuity Planning, Customer
Awareness programmes and legal aspects.” - Guidelines on Information security, Electronic Banking,
Technology risk management and cyber frauds, RBI. April 29th 2011
Why should this matter to you?
 RBI has penalized 19 commercial banks for contravention of various instructions with respect to
derivatives. These include failure to carry out due diligence in regards with suitability of products,
selling derivative products to users that don’t possess risk management policies and not verifying the
underlying / adequacy of underlying and eligible limits under past performance route. Penalty charges
varied from Rs. 5,00,000 to 15,00,000 respectively. (Source: The Financial Express; July 26, ’11)
 48 erring banks have been penalized in just 6 months (January ’11 – June ’11) for lapses in implementing
customer identification norms and various other violations. RBI has slapped penalties ranging from
Rs.1,00,000 to 5,00,000 on these banks, according to official data. (Source: Press Trust of India; July 10, ‘11)
 RBI penalized a US-based bank with a soaring Rs. 25,00,000 in early July ’11, due to contravention of
various guidelines and instructions relating to KYC (Know your Customer) and AML (Anti Money
Laundering) standards. (Source: Rupee Times, July 12, ’11)
Our goal is your success. Give us an opportunity to help manage your compliance needs.
How can we help?
We understand that your key focus-areas are banking operations for productivity
Your Key and quality, administration, training, capital markets & treasury, wealth
management, trade finance and multiple such verticals that demand a majority of
Focus Areas your teams’ efforts, intelligence and performance to accelerate the growth of
your organization.
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2. We focus on your organization’s processes & systems being compliant with RBI’s
guidelines in a very time-effective & cost-effective method. We design our
Solutions & Services to suit individual client needs. We provide assistance to
Our Area of clients in managing their key business concerns, be it achieving strategic business
Expertise goals, meeting operational challenges and most importantly complying with
regulatory norms. We understand the need and advantage to be compliant with
the guidelines recommended by the RBI Working Group and we take the lead to
ensure your operations comply.
RBI’s 9 Focus Areas
Information Technology as we know, has not only opened up new possibilities to deliver enhanced
customer service, but has also allowed rogue elements to create systemic disasters that result in capital
losses. In April 2011, under the Chairmanship of Mr. G. Gopalakrishna, Executive Director, RBI, a specially
formed working group examined various issues arising out of the use of Information Technology in banks
and made its recommendations in nine broad areas. They are as follows:
Information
IT Governance IT Operations
Security
IT Outsourcing IS Audit Cyber Frauds
Business
Customer
Legal Issues Continuity
Education
Planning
Our Solution
With a unique blend of functional expertise, IT and Information Security Consulting expertise, we deliver a
truly world class service to scope the relevant recommendations that apply to your business, to identify
High Level Approach
the gaps in your systems and processes, and to define the way forward to bridge the emergent gaps in a
cost-effective way.
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Non- Scope Gap
Gap Closure Compliant
Compliant Definition Identification
IDBI Intech Limited - Relevant Consulting Capabilities
Network
IT Governance BCP & DR
IS Audit Architecture VA&PT ITIL/COBIT
Consulting Consulting
Review
Application Data Migration ISO
Training CBS Audit SOC / MSS
Assurance Audit Certification
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3. About IDBI Intech
Domain Experts with 15+ Years of
Experience
1000+ Strong Techno-functional
experts Our Focus
BFSI Technology Experts with 5+ years
of average Industry Experience
Clients
Our Offerings
Highly Process Oriented Products and Solution Accelerators
Adopts Scalable Business Model Comprehensive IT Consulting
Delivers Cost-Effective, High
Information Security Consulting
Quality Solutions
Contact Us
Mr. Malik Ismail Mr. Pramod Gosavi
Business Development Manager – Sales & Marketing Head – Professional Services
Mob No: +91 720 942 9678 Mob No: +91 989 030 4884
Email Address: malik.ismail@idbiintech.com Email Address: gosavi.pramod@idbiintech.com
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