Recently, the Reserve Bank appointed the Gopalakrishna Committee to look into various aspects of IT in the financial sector. The recommendations of the Committee – The Report of the Working Group on Electronic Banking – had exhaustively covered the issue of IT governance in banks What do we mean by IT governance?
All the governance principles and practices are generally top down and the IT governance is no exception to this hierarchical initiative and responsibility. IT governance, as a subset of corporate governance, also requires to be driven from the board level.