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India: Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023

Progress

Current status
in force
01 Oct 2023 in force
10 Apr 2023 adopted
22 Jul 2022 processing consultation
23 Jun 2022 in consultation
10 Feb 2022 under deliberation

Scope

Implementers
India
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
other service provider
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

01 Oct 2023
in force

Implemented Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023

On 1 October 2023, the Reserve Bank of India (RBI) implemented the Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023. The Directions seek to regulate the risks associated with increased outsourcing of services b…

Source
Event type order
Action type implementation
Government branch executive
Government body central bank
10 Apr 2023
adopted

Adopted Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023

On 10 April 2023, the Reserve Bank of India (RBI) adopted the Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023. The Directions seek to regulate the risks associated with increased outsourcing of services by Reg…

Source
Event type order
Action type adoption
Government branch executive
Government body central bank
22 Jul 2022
processing consultation

Closed public consultation on Reserve Bank of India (Outsourcing of Information Technology Services) Directions

On 22 July 2022, the Reserve Bank of India (RBI) closed their public consultation on the draft Reserve Bank of India (Outsourcing of Information Technology Services) Directions. The Directions seek to regulate the risks associated with increased out…

Source
Event type order
Action type consultation closed
Government branch executive
Government body central bank
23 Jun 2022
in consultation

Opened public consultation on Reserve Bank of India (Outsourcing of Information Technology Services) Directions

On 23 June 2022, the Reserve Bank of India (RBI) opened a public consultation on the draft Reserve Bank of India (Outsourcing of Information Technology Services) Directions until 22 July 2022. The Directions seek to regulate the risks associated wit…

Source
Event type order
Action type consultation opened
Government branch executive
Government body central bank
10 Feb 2022
under deliberation

Announced Reserve Bank of India (Outsourcing of Information Technology Services) Directions

On 10 February 2022, the Reserve Bank of India (RBI) announced that it would propose the Reserve Bank of India (Outsourcing of Information Technology Services) Directions. The Directions seek to regulate the risks associated with increased outsourci…

Source
Event type order
Action type announcement
Government branch executive
Government body central bank