EconomySaturday, 18 July 2026·The Hindu - Economy
RBI data governance framework for banks: board oversight, annual review and DPDP Act 2023 compliance
RBI issued a data governance framework for banks and regulated entities to improve data quality, security and accountability.
Key highlights
Direct fact
In July 2026, the Reserve Bank of India issued ‘Guidance on Regulatory Expectations for Data Governance’ for banks and other Regulated Entities, linking it to the Digital Personal Data Protection (DPDP) Act, 2023.
Key specifics
- The guidance requires a comprehensive Data Governance Framework aligned with each entity’s risk management framework.
- Banks must review the framework annually or more frequently if needed.
- A board-level data governance committee or an existing board committee must oversee implementation.
- Entities must create an executive-level data governance committee with representatives from IT, information security, risk management, compliance and business functions.
- A dedicated data function must be headed by a senior executive not below the rank of Chief General Manager or equivalent.
Exam lens
TNPSC banking-regulation question: board oversight, annual review, DPDP Act 2023, and the Chief General Manager-level data head are the key points. This is a likely MCQ on RBI’s governance and compliance framework.