RBI & SEBI Regulatory Audits

  2. Services
  3. RBI & SEBI Regulatory Audits
"Why do they call it a 'penetration test'? Because we're just trying to get in there, no strings attached."
"Why do they call it a 'penetration test'? Because we're just trying to get in there, no strings attached."

RBI & SEBI Regulatory Audits

RBI and SEBI Regulatory Audits are critical compliance assessments mandated for financial institutions and market participants in India. These audits ensure that organizations align with cybersecurity, IT governance, and operational risk frameworks issued by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). At digiALERT, we provide expert-led audit services that identify compliance gaps, recommend actionable improvements, and support organizations in achieving regulatory conformance, enhancing both trust and security posture.

WHAT IS
RBI & SEBI Regulatory Audits

RBI and SEBI Regulatory Audits involve comprehensive evaluations of IT systems, cybersecurity frameworks, and risk management practices to verify compliance with relevant circulars, guidelines, and frameworks such as:
  • RBI’s Cyber Security Framework (2016)
  • Master Directions on IT Framework (NBFCs/Banks)
  • SEBI’s Cybersecurity & Cyber Resilience Framework for MIIs and Intermediaries
  • The audits assess critical areas such as data protection, third-party risk, business continuity, incident response, and governance structures. These evaluations are mandatory for banks, NBFCs, stockbrokers, asset management companies (AMCs), depositories, and other regulated entities.

Speak to an expert

key features
RBI & SEBI Regulatory Audits

Gap Analysis: Compare existing controls against RBI/SEBI guidelines.
Vulnerability Assessment: Examine infrastructure, applications, and endpoints.
Policy & Process Review: Audit cybersecurity, IT, and risk policies.
Access Control & User Management Review
Third-Party Risk Evaluation
Business Continuity & Disaster Recovery Validation
Incident Response & Logging Verification
Detailed Compliance Reporting
Support for Regulatory Submissions & Corrective Action Plans
Follow-Up & Remediation Advisory

Types of
RBI & SEBI Regulatory Audits

  1. RBI Cybersecurity Audit (for Banks/NBFCs)
  2. SEBI Cyber Resilience Audit (for Brokers, AMCs, Depositories)
  3. IT Framework Audit (as per Master Directions)
  4. VAPT + Regulatory Mapping (RBI/SEBI integration)
  5. Surprise & Annual Compliance Audits
  6. Pre-Audit Readiness Assessments
  7. SOC 2 / ISO 27001 Mapping to RBI/SEBI Controls

Statistics on
RBI & SEBI Regulatory Audits

91% of Indian financial institutions face increasing scrutiny post-2022 SEBI cybersecurity circulars.
70% of NBFCs found non-compliant with one or more RBI cyber framework clauses (Source: RBI Reports).
62% of stockbrokers and AMCs required corrective action plans post-SEBI audits in 2023.
80% of RBI audit findings relate to weak access control, lack of VAPT, and poor incident response.
3x Increase in RBI/SEBI inspections over the last 2 years due to rising cyber threats.

Speak to an expert

How do we do
RBI & SEBI Regulatory Audits

At digiALERT, our approach includes:
  1. Pre-Audit Scoping: Identify audit objectives and applicable guidelines.
  2. Document Review: Analyze current cybersecurity, IT, and GRC policies.
  3. Technical Assessment: Conduct risk-based VAPT, configuration audits, and data flow analysis.
  4. Control Validation: Verify implementation of prescribed controls across all layers.
  5. Interview & Evidence Gathering: Interact with stakeholders and collect audit proofs.
  6. Gap Identification & Mapping: Create a compliance matrix aligned with RBI/SEBI standards.
  7. Reporting & Recommendations: Deliver a detailed report with risks, gaps, and improvement plans.
  8. Remediation Support: Provide step-by-step support for closing audit gaps.
    Assistance in Regulatory Submission: Help prepare the audit response to RBI/SEBI.

Why It Matters & Who Needs It

Why RBI & SEBI Regulatory Audits?

  1. Avoid penalties, reputational damage, and operational restrictions.
  2. Strengthen cybersecurity controls and governance frameworks.
  3. Ensure readiness for sudden regulatory inspections.
  4. Build trust among investors, partners, and customers.

Who Needs This Service?

  1. Scheduled Commercial Banks
  2. NBFCs
  3. Urban Co-operative Banks (UCBs)
  4. Payment Banks & Wallet Operators
  5. Stockbrokers
  6. Asset Management Companies
  7. Depositories & RTAs
  8. Market Infrastructure Institutions (MIIs)

How often is RBI & SEBI Regulatory Audits
When it would be performed

  1. RBI Audit: Annual for banks and NBFCs or as per RBI mandate.
  2. SEBI Audit: Half-yearly or annual depending on the nature of the entity.
  3. Post-Breach/Incident Audits: Immediately required after major incidents.
  4. Surprise Audits: Based on risk profiles or as required by the regulator.
  5. Pre-Regulatory Submissions: Recommended before submitting to RBI/SEBI.

Speak to an expert

How are we
unique

  1. End-to-End RBI/SEBI Audit Support
  2. Regulatory Gap Assessment & Mapping
  3. VAPT + Regulatory Report Alignment
  4. Corrective Action Plan Development
  5. Audit Readiness Workshops & Tabletop Exercises
  6. Third-Party Compliance Assessment
  7. Policy Drafting / Enhancement (Aligned with RBI/SEBI)
  8. Post-Audit Remediation Services
  9. Ongoing Compliance Monitoring Services

Upcoming Events

There are no up-coming events

Our Clients

We Are Trusted Worldwide Peoples

We offer a range of cyber security services, including consulting, training, deployment, implementation, and monitoring. Our services are designed to help organizations secure their networks and systems, and build a strong security culture. We have expertise in a variety of industries, including Banking-Finance-Insurance, IT and Consulting, Telecommunications, Research & Development and Government.
Mr. Sanmugavel Shankaran
We didn’t have expertise to do security testing and there was an customer request saying that their product has to be certified at the industry standard. If this customer product is not safe we might loose the customers. We reached digiALERT, we are satisfied with their security services as well…
Mr. Sanmugavel Shankaran Head IT Security, Reasoning Global Applications.
Mr. Ganesh Duraiswamy
We were having challenges in terms of enabling the security process. We wanted somebody professional who has got the experience and knowledge on security.
Mr. Ganesh Duraiswamy Head Operations, Ivy Mobility Solutions
KONE
SOPHOS
Akamai
IBM
EY
Honeywell

Information

digiALERT is a rapidly growing new-age premium cyber security services firm. We are also the trusted cyber security partner for more than 500+ enterprises across the globe. We are headquartered in India, with offices in Santa Clara, Sacremento , Colombo , Kathmandu, etc. We firmly believe as a company, you focus on your core area, while we focus on our core area which is to take care of your cyber security needs.

Recent blog post

Company

Photos

Request a Quote