General Studies · Committees and Guidelines
How does the G. Gopalakrishna Committee Report fundamentally address the Information System Security (IS Security) landscape in Indian banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It primarily focuses on reducing the cost of implementing new Core Banking Systems and is optional for Public Sector Banks.
- 2It established the legal framework for electronic transactions in India, focusing on evidence and digital signatures.
- 3It provided comprehensive guidelines on Information System Security, IT governance, and Cyber Security Framework in Banks, making it mandatory for robust IT control.✓
- 4It led to the establishment of the Integrated Ombudsman Scheme, 2021 by RBI to resolve customer complaints related to IT issues.
Correct answer
It provided comprehensive guidelines on Information System Security, IT governance, and Cyber Security Framework in Banks, making it mandatory for robust IT control.
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