RBI tells urban co-op banks to adopt more robust cyber security infra

Apex bank aims to bring the largest UCBs at par with other banks that run a full gamut of protection against online threats

The Reserve Bank of India (RBI) on Thursday proposed to bring cyber security rules based on the size and complexity of urban cooperative banks (UCB) with an aim to bring the largest of them at par with other banks that run a full gamut of protections against online threats. 

“The approach will ensure that the UCBs with high IT penetration and offering all payment services are brought at par with other banks having mature cyber security infrastructure and practices," the central bank said in its technology vision document for 2020-23.  

The UCBs with higher digital depth will now have to