RBI Compliance Alert for BFSI

Your Vendors Are Compliant. Are Their People?

RBI's Outsourcing Directions 2025 make you accountable for your contract workforce. Most organisations are updating vendor contracts. Few are tracking the people who actually access their systems and data.

Compliance Deadline
April 10, 2026
  • All existing outsourcing agreements must comply
  • Board accountability for outsourced activities
  • Six-hour cyber incident reporting mandate
  • Due diligence of vendor employees required
  • RBI inspection rights over service providers
The Hidden Risk

Contract Staff: Your Biggest Compliance Blind Spot

While you focus on vendor contracts, the people who access your systems create real exposure. Industry data reveals the scale of risk.

11.69% BFSI Hiring Discrepancy Rate
29% Candidates Misrepresent Employment
35% Breaches Involve Internal Actors
60% Breaches Linked to Human Factors

Sources: AuthBridge Workforce Fraud Files 2025, IBM Cost of Data Breach Report 2024

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What RBI Requires

Six Workforce Requirements You Cannot Ignore

The RBI Outsourcing Directions contain specific provisions about contract workforce. These are not suggestions. They are mandates.

Para 29(x)

Employee Due Diligence

Banks must evaluate the quality of background checks that service providers conduct on their staff. You need documented proof of verification for every person with data access.

Para 34(xxii)

Essential Personnel Tracking

Identify skilled resources as "essential personnel" with backup arrangements for critical functions. Know who does what and who can replace them during emergencies.

Para 42

Complete Inventory

Maintain a full inventory of outsourced services including key people in the supply chain. This extends to contract staff, not just vendors.

Para 14

Six-Hour Reporting

Cyber incidents must reach RBI within six hours of detection. Without visibility into contract staff activities, how will you know when something goes wrong?

Para 38

Audit Trail Requirements

Regular audits must assess service provider performance and compliance with laws. Comprehensive documentation and audit trails are mandatory.

Para 22

Access Control

Access to data must be on a "need to know" basis with appropriate controls. You must know who has access, why, and when they use it.

The Solution

Meet Qandle: HRIS Built for RBI Compliance

Most HR systems were built for attendance and payroll. Qandle was built for regulated industries. It gives you complete visibility and control over your contract workforce.

From background verification tracking to audit-ready reports, Qandle helps banks and NBFCs demonstrate compliance before, during, and after RBI inspections.

  • Track BGV status for every contract worker
  • Map essential personnel with backups
  • Document access controls with full audit trails
  • Generate compliance reports in minutes
  • Data stored in India as per regulations
  • Express implementation in 2-3 weeks
Background Verification Tracking
Essential Personnel Management
Complete Workforce Inventory
Role-Based Access Controls
Audit-Ready Documentation
Compliance Dashboards
How Qandle Helps

Six Ways Qandle Addresses RBI Requirements

Each RBI requirement maps directly to a Qandle capability. No gaps. No workarounds.

Centralised BGV Tracking

Track background verification status for every contract worker. See who is verified, who is pending, and who has gaps. Get alerts before compliance issues arise.

Para 29(x) Due Diligence

Essential Personnel Mapping

Categorise staff by criticality. Map backup personnel for each critical role. Maintain skill matrices that support business continuity requirements.

Para 34(xxii) BCP Ready

Complete Workforce Inventory

Single source of truth for all contract staff. Track vendor relationships, role assignments, and reporting lines. Know exactly who is in your supply chain.

Para 42 Full Visibility

Real-Time Activity Monitoring

Track access patterns and system activities. Get alerts for unusual behaviour. Support the six-hour incident reporting requirement with proper visibility.

Para 14 Incident Ready

Audit-Ready Documentation

Every change is logged. Every approval is recorded. Generate compliance reports that auditors and regulators can verify in minutes, not weeks.

Para 38 Audit Trails

Role-Based Access Controls

Define who can access what and why. Document the rationale for every permission. Maintain logs that prove need-to-know compliance.

Para 22 Access Control
Who This Is For

Built for Regulated Financial Institutions

Qandle helps compliance teams, HR leaders, and risk officers across the BFSI sector.

Banks

Commercial banks, small finance banks, and local area banks subject to RBI Outsourcing Directions.

  • RBI inspection readiness
  • Board-level reporting
  • Six-hour incident support
  • Multi-branch visibility

NBFCs

Middle layer and above NBFCs with full IT outsourcing compliance requirements under RBI norms.

  • Vendor workforce tracking
  • Compliance certification
  • Audit trail documentation
  • Risk-based access controls

Insurance Companies

Insurers subject to IRDAI requirements for employee screening and background verification.

  • IRDAI compliance support
  • Policyholder protection
  • Agent workforce tracking
  • Screening documentation
Why MYND

24+ Years of Serving Regulated Industries

MYND is not a startup learning about compliance. We have served banks, NBFCs, and enterprises for over two decades.

24+
Years of Experience
1000+
Enterprise Clients
6M+
Payslips Processed Annually
30+
Industries Served
ISO 27001:2013 Certified
ISO 27701:2019 Certified
Data Hosted in India
Deadline: April 10, 2026

Do Not Wait Until April 2026

Schedule a compliance readiness assessment today. See how Qandle can help you manage contract staff risk at a price that makes sense.

No commitment required. Free initial consultation for BFSI organisations.