We use essential cookies to run this site. Analytics & marketing cookies load only with your consent — see our Cookie Policy and Privacy Policy.

Talk to an expert
CERT-In empanelled · BFSI

Third-party risk assessment for banks and NBFCs

RBI’s outsourcing directions and IT-governance framework hold banks and NBFCs accountable for the security of their vendors, cloud providers and digital-lending partners. CyberSigma runs third-party risk assessments (TPRM) for BFSI: vendor tiering, security questionnaires, evidence review, on-site or remote assessment of critical suppliers, and a scored, prioritised report your risk committee and RBI inspection can rely on. We turn a sprawling vendor estate into a defensible, monitored programme.

Get a free TPRM scoping call →Book a 20-minute call
Who needs it

Who this is for

Banks, cooperative banks, NBFCs and payment firms accountable under RBI outsourcing and IT-governance directions for the security of material service providers, cloud vendors and digital-lending partners (LSPs).

Scope

What the assessment covers

Vendor tiering
Classify suppliers by criticality and data access to focus effort where risk is highest.
Assessment
Security questionnaire, evidence review and deep-dive assessment of critical vendors.
Ongoing monitoring
Cadence, re-assessment triggers and contract-clause recommendations.
Regulation

Applicable RBI expectations

RBI outsourcing directions, the Master Direction on IT Governance, Risk, Controls and Assurance Practices, and the Digital Lending guidelines for LSP oversight.

Deliverables

What you receive

Scored vendor register
Risk-scored inventory with tiering and gaps per vendor.
Remediation & monitoring plan
Prioritised actions, contract clauses and re-assessment cadence.
Common failures

Where TPRM programmes fail

  • No tiering — everyone assessed the same, so critical vendors under-scrutinised
  • Questionnaires collected but evidence never verified
  • Cloud and digital-lending partners left out of scope
  • No re-assessment cadence or contractual right to audit
Proof

See how we’ve done it before

Relevant case study
How a lender built a scored, monitored vendor programme aligned to RBI outsourcing norms. Read case studies →
Redacted sample deliverable
Inspect a redacted TPRM report first. Request a redacted sample →

Worried about a supplier becoming your breach?

Get a free third-party risk scoping call — share your work email and we frame your vendor tiers, gaps and next steps.

TPRM for banks — FAQs

Does RBI hold us responsible for vendor security?

Yes. Under RBI outsourcing and IT-governance directions, accountability for a material service provider’s security remains with the regulated entity. TPRM evidences that oversight.

Do you cover cloud and digital-lending partners?

Yes. Cloud providers and Lending Service Providers are commonly the highest-risk relationships; we assess them against RBI outsourcing and Digital Lending expectations.

Talk to our BFSI risk practice

We tier your vendors, assess the critical ones and leave you with a monitored programme. Reply within four business hours.

Book a 20-minute call →

Ready to discuss your Third-party risk assessment for banks requirement?

CERT-In empanelled · PCI QSA authorised — a senior consultant responds within 4 business hours. Free, no obligation.