Lumiverse Solutions – L4 Bank Compliance Guideline
The L4 Bank Compliance Guideline by Lumiverse Solutions is a foundational framework designed for small cooperative banks and rural financial institutions categorized under Level 4 (L4) by RBI. This guideline helps institutions meet essential IT governance, cybersecurity, and risk management requirements with simplified, practical steps. It focuses on establishing basic IT controls, implementing secure data practices, maintaining system availability, and aligning with RBI’s Master Directions. Ideal for banks with limited resources, it ensures compliance, operational stability, and a path toward scalable digital maturity.
Identifying and Assessing Risks
1. IT Governance
1. Institutionalize comprehensive enterprise-wide IT Governance.
2. Independent IT Strategy Committee (ITSC) and Cyber Risk Committee (CRC).
3. Strategic Board-level involvement in all key IT & cyber initiatives.
4. Dedicated CIO, CISO, CRO, and Compliance heads.
2. IT Infrastructure & Services Management
1. Fully integrated ITSM, CMDB, and monitoring solutions.
2. Advanced IT Ops automation across patching, backup, and provisioning.
3. DR & DC with full geo-redundancy, e-surveillance, and live mirroring.
4. Automated capacity planning with predictive analytics.
3. Risk Management
1. Real-time risk intelligence platforms.
2. Multi-layer cyber risk integration across 1st, 2nd, and 3rd lines of defense.
3. Mandatory threat modeling for critical projects.
4. Cybersecurity & Compliance
1. Round-the-clock Security Operations Center (SOC) with AI-led XDR.
2. Mandatory VA (quarterly), PT (quarterly), red teaming (biannual), and bug bounty programs.
3. Adherence to ISO 27001, NIST, and RBI frameworks.
4. Real-time incident response using SOAR platforms.
5. Business Continuity & Disaster Recovery
1. DR strategy with zero RPO and <5 mins RTO targets.
2. Monthly DR drills with cross-team participation.
3. DR drills must include full simulation, failover, and reconciliation testing.
4. DR and BCP readiness validated for vendors and interdependent partners.
6. Information Systems (IS) Audit
1. In-house audit team supplemented with Big 4/vendor specialists.
2. Near real-time audit of high-risk areas.
3. Analytics-enabled auditing with anomaly detection.
7. Roles and Responsibilities
1. CIO governs digital transformation; CISO handles cyber resilience.
2. CRO owns the ERM framework and cyber risk aggregation.
3. CISO presents monthly updates to ITSC and CRC.
8. Mandatory Controls
1. End-to-end encryption (E2EE)
2. Network segmentation and micro-segmentation
3. UEBA, DLP, CASB, and SASE deployed
4. Threat intelligence integration with CERT-IN, RBI, IB-CART
9. Optional/Recommended Controls
1. Zero Trust Architecture (ZTA)
2. Blockchain for audit logs
3. Homomorphic encryption for critical data sets
4. Continuous Red Teaming as a Service (RTaaS)
10. Reporting & Review Frequency
Item | Frequency |
ITSC/CRC Meetings | Monthly |
VA/PT | Quarterly |
Red Teaming | Biannual |
DR Drill | Monthly |
CISO/CRO Updates | Monthly |
IS Audit | Real-time/Quarterly |
External Audit | Annual |
