The Reserve Bank of India has released draft guidance on regulatory expectations for data governance for public comment. The draft is intended to help regulated entities strengthen their data governance frameworks and data management practices across the data lifecycle as digitalisation and technology-driven business models increase the volume, variety and velocity of data in the financial sector. The guidance applies across a broad set of supervised firms, including commercial banks, small finance banks, payments banks, local area banks, regional rural banks, urban and rural co-operative banks, All India Financial Institutions, non-banking financial companies, asset reconstruction companies and credit information companies. It sets out broad expectations on data governance, roles and responsibilities, data architecture, metadata and lineage, data quality, and third-party arrangements involving data sharing. The Reserve Bank of India linked the initiative to risks arising from weak data governance, including financial, operational, compliance and reputational risk. The draft is open for public comment.
Reserve Bank of India2026-07-15
Reserve Bank of India launches consultation on data governance expectations for banks, NBFCs and other regulated entities
The Reserve Bank of India has issued draft guidance on regulatory expectations for data governance for public comment. It is designed to strengthen data governance and data management practices across the data lifecycle for banks, NBFCs and other regulated entities. The draft covers governance, roles, architecture, metadata and lineage, data quality, and third-party data-sharing arrangements.