India's Banking and Finance Sector Has New Rules For IT Outsourcing

New legal considerations and contractual requirements for IT service providers to banks and financial institutions in India. IT service providers to be under additional level of compliance, audit and oversight, data storage norms and cyber security incident reporting.

Related Keywords

India , ,Services Providers ,Re Service Provider ,Party Service Providers ,Service Provider ,Application Development ,Financial Services ,Services Of Fintech ,Service Providers ,Telecom Service Providers ,Impact On Service Providers ,Cloud Computing Services ,Information Technology ,It Service ,It Services ,Security Services ,Application Service Providers Asps ,Reserve Bank ,Master Direction ,Information Technology Services ,Regulatory Policies ,Monetary Policy Statement ,Draft Master Direction ,Outsourcing Directions ,Material Outsourcing ,Third Party Service Providers ,Information Technology Act ,Draft Directions ,Existing Outsourcing Framework ,Existing Outsourcing Frameworkmay ,Settlement Related Activities ,Payment System Operators ,Outsourcing Guidelines ,Materially Outsourcing ,New Agreements ,Outsourcing Direction ,Managing Risks ,Managing Risk ,Co Operative Banks ,All India Financial Institutions ,Application Service Providers ,Data Centres ,Managed Security Services ,Settlement Systems Act ,System Operators ,Payment Systems ,Audit Consultants ,Information Security ,Legal ,Business ,Government ,Lobal ,Reserve Bank Of India ,India Banking Sector ,Ndia Finance Sector ,Ndia Bfsi ,T Service Providers In India ,Ndia It Laws ,Ndia Finance Law ,