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RBI IT Audit

RBI Cybersecurity & IT Framework Compliance Audit - Banks, NBFCs & PSOs

The Reserve Bank of India mandates comprehensive IT Governance and Cybersecurity audits for all scheduled banks, NBFCs, Payment Aggregators, and Payment System Operators under the RBI Master Direction on Cyber Resilience (July 2024) and IT Framework. Praxis-Q - - conducts RBI CSITE audits, IT framework assessments, and delivers audit reports for regulatory submission.

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Praxis-Q delivers RBI IT Audit and Cybersecurity Compliance services for banks, NBFCs, payment aggregators, and PSOs under the RBI Master Direction on Cyber Resilience (2024). Our India-headquartered team conducts comprehensive IT governance assessments, vulnerability & penetration testing, Zero Trust Architecture readiness evaluations, and CSITE audit preparation—delivering RBI-format audit reports within 15-20 business days. We assess controls across IT Framework (2016), digital payment security, vendor risk management, incident response, and board-level accountability. Global delivery capability with deep RBI regulatory expertise ensures your organization meets supervisory expectations, passes CSITE examinations, and achieves audit-ready compliance status.

At a Glance

RegulatorRBI
FrameworkMD 2024
CERT-In
EntitiesBanks/NBFC/PSO
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RBI Audit

RBI IT Audit

RBI Cybersecurity & IT Framework Compliance Audit - Banks, NBFCs & PSOs

The Problem

RBI cyber-resilience directions demand evidence of IT governance and controls. Unprepared entities fail CSITE examination and face regulatory heat.

What We Do

  • Scope & Planning
  • Control Assessment
  • Technical VAPT
  • Gap Remediation Plan
  • Audit Report Delivery

What You Get

  • RBI IT auditors
  • Covers RBI Master Direction on Cyber Resilience July 2024
  • IT Governance, Risk & Compliance (GRC) review
  • Zero Trust Architecture (ZTA) readiness assessment
  • Cybersecurity framework gap analysis
  • Vendor and third-party risk management review
  • Incident response and business continuity assessment
  • RBI CSITE audit preparation and support
  • Digital payment security controls (DPSC) review
  • Board-level cybersecurity accountability review
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RBI IT Audit & Cyber Resilience Assessment

Praxis-Q conducts end-to-end RBI IT audits covering governance, risk, and compliance (GRC) frameworks mandated by the Reserve Bank of India. Our assessment evaluates your organization's alignment with the RBI Master Direction on Cyber Resilience (July 2024), IT Framework (2016), and sector-specific guidelines. We identify control gaps across IT governance, cybersecurity architecture, digital payment security controls (DPSC), third-party risk management, and business continuity planning. Deliverables include detailed gap analysis, remediation roadmaps with regulatory timelines, and board-level accountability reviews. Whether you're a scheduled bank, NBFC, payment aggregator, or PSO, our audits prepare you for RBI supervisory examinations and regulatory submission.

CSITE Audit Preparation & System Audit Report (SAR)

The RBI Cyber Security and IT Examination (CSITE) demands rigorous pre-examination readiness. Praxis-Q prepares your organization through comprehensive IT audits that produce RBI-compliant System Audit Reports (SAR) accepted by the Reserve Bank. We assess controls against RBI expectations, identify weaknesses before supervisory examiners arrive, and deliver actionable remediation plans aligned to regulatory deadlines. Our audit reports are structured for direct regulatory submission, board presentations, and CSITE examination defense. Fast-track delivery (15-20 business days) ensures timely compliance closure and reduces examination risk.

Technical Vulnerability & Penetration Testing (VAPT)

RBI mandates VAPT for banking systems, payment APIs, core banking infrastructure, and third-party integrations. Praxis-Q integrates technical security testing within the audit scope, identifying exploitable vulnerabilities in production environments. Our assessments cover network infrastructure, web applications, mobile banking platforms, cloud deployments, and payment gateways. Testing results feed directly into remediation roadmaps, with severity ratings aligned to RBI supervisory priorities. Combined with IT governance assessment, technical VAPT provides holistic evidence of cybersecurity maturity for audit reports and regulatory submission.

Zero Trust Architecture & Vendor Risk Management

Praxis-Q evaluates your Zero Trust Architecture (ZTA) readiness and third-party risk governance—both critical under RBI 2024 directives. We assess identity and access management, network segmentation, endpoint security, and encryption controls. Vendor risk reviews cover onboarding processes, service level agreements, security assessments, and continuous monitoring. Our audits ensure third-party compliance with RBI cyber resilience standards, reducing regulatory exposure from supply chain vulnerabilities. Gap analysis and remediation guidance align vendor management practices with RBI expectations.

India-Based & Global Delivery Model

Headquartered in India with global delivery capability, Praxis-Q combines local RBI regulatory expertise with international compliance standards (ISO 27001, SOC 2, NIST). Our India-based audit teams understand RBI supervisory nuances, examination protocols, and submission requirements firsthand. Global presence enables multi-region assessments for international banks and payment processors. Fast-track delivery (15-20 business days) accelerates compliance timelines without compromising audit depth or regulatory acceptance.

Related Services

RBI SAR (Security Audit Report) ServicesVAPT (Vulnerability & Penetration Testing)ISO 27001 Compliance & CertificationSOC 2 Audit ServicesvCISO (Virtual Chief Information Security Officer)

Frequently Asked Questions

Who needs an RBI IT Audit?
All Scheduled Commercial Banks, Small Finance Banks, Payments Banks, NBFCs, Credit Information Companies, Payment Aggregators, and Payment System Operators (PSOs) regulated by the Reserve Bank of India.
What is the RBI Master Direction on Cyber Resilience?
Issued in July 2024, it mandates cybersecurity controls for non-bank Payment System Operators including governance, VAPT, incident response, Zero Trust Architecture, and resilience testing.
What is the RBI CSITE Audit?
Cyber Security and IT Examination (CSITE) is RBI's supervisory examination for regulated entities. auditors conduct pre-examination audits and submit System Audit Reports (SAR) that RBI uses during evaluation.
How is RBI IT Audit different from RBI SAR?
The RBI SAR (Security Audit Report) is the specific compliance document submitted to RBI annually. The RBI IT Audit is the comprehensive IT governance and cybersecurity assessment process that produces the SAR and prepares for CSITE examinations.
Is Praxis-Q for RBI audits?
Yes. Praxis-Q is - the credential required by RBI for conducting IS audits and submitting Security Audit Reports accepted by the Reserve Bank of India.
Who needs an RBI IT Audit under the 2024 Master Direction?
All Scheduled Commercial Banks, Small Finance Banks, Payment Banks, NBFCs, Credit Information Companies, Payment Aggregators, and Payment System Operators (PSOs) regulated by the Reserve Bank of India must conduct RBI IT audits. The Master Direction on Cyber Resilience (July 2024) mandates comprehensive IT governance and cybersecurity assessments annually or per RBI supervisory guidance.
What is included in Praxis-Q's RBI IT Audit?
Our audit covers IT governance and GRC review, cybersecurity framework gap analysis, Zero Trust Architecture readiness assessment, VAPT (vulnerability and penetration testing), vendor and third-party risk management review, incident response and business continuity evaluation, digital payment security controls assessment, and CSITE audit preparation. Deliverables include RBI-compliant audit reports and remediation roadmaps.
How does RBI IT Audit differ from CSITE examination?
RBI IT Audit is your proactive compliance assessment conducted before RBI's Cyber Security and IT Examination (CSITE). The audit produces a System Audit Report (SAR) demonstrating control maturity. CSITE is RBI's supervisory examination where examiners verify your controls. Praxis-Q's audit prepares you to pass CSITE by identifying and remediating weaknesses beforehand.
What is the typical timeline for RBI IT Audit completion?
Praxis-Q delivers RBI IT audits within 15-20 business days—our fast-track USP. Timeline depends on scope (single entity vs. group), control maturity, and remediation complexity. Our India-based team ensures rapid assessment without compromising audit quality or regulatory acceptance, enabling timely submission to RBI.
How do you assess compliance with the RBI Master Direction on Cyber Resilience (2024)?
Our auditors evaluate controls against specific RBI Master Direction requirements: IT governance framework, cybersecurity architecture, Zero Trust Architecture implementation, VAPT program maturity, incident response and business continuity plans, third-party risk management, and digital payment security controls. Assessment produces gap analysis with prioritized remediation aligned to RBI expectations.
Can Praxis-Q conduct multi-region RBI audits globally?
Yes. Our India headquarters combined with global delivery capability enables multi-region audits for international banks and payment processors. We assess RBI compliance for entities with operations across India, UAE, Singapore, Australia, Canada, EU, and UK while maintaining consistent audit standards and timely delivery.

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