RBI issues data governance guidance framework for banks to strengthen data quality, security and accountability
The Reserve Bank of India (RBI) issued the 'Guidance on Regulatory Expectations for Data Governance' for banks, aiming to enhance data quality, security, and accountability. This framework seeks to build a stronger data governance ecosystem that improves operational resilience and protects customer data amid the evolving digital banking landscape. The guidance is part of RBI's efforts to ensure informed decision-making within the banking sector.