10. Adoption of a structured IT Governance framework would enable banks to manage their businesses in a manner that would bring about benefits to their customers as also facilitate the growth of banks in this fiercely competitive world. 11.
A working group constituted by the Reserve Bank has recently (in January 2011) released a report on information security, electronic banking, technology risk management, and cyber frauds. This Report includes a Chapter on IT Governance which can serve as a guiding model for banks. This chapter, inter alia, deals with roles and responsibilities and an organizational framework for implementing IT Governance.