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The Master Direction – Information Technology Framework for the NBFC Sector, issued by the Reserve Bank of India on June 8, 2017, provides a comprehensive IT governance framework for Non-Banking Financial Companies (NBFCs). It outlines guidelines on IT governance, policy, information and cyber security, IT operations, IS audit, business continuity planning, and IT services outsourcing to ensure the safety, security, and efficiency of IT processes within the sector.

The framework is divided into two sections: Section-A applies to systemically important NBFCs (with asset size above ₹500 crore), while Section-B provides recommendations for smaller NBFCs. NBFCs are required to conduct a gap analysis between their current IT practices and the stipulations laid out in the Master Direction and submit a time-bound action plan to address any gaps.