A leading Indian private bank engaged us to conduct a regulator-directed intermediary audit across IT, cybersecurity, and digital payment areas to address critical compliance gaps.
The challenge
How can banks ensure full compliance in IT and cyber?
Following regulatory findings on IT governance, cybersecurity, and digital payments, the bank was mandated to undergo an external audit. The client needed an in-depth review across multiple risk domains to remediate gaps and build ongoing compliance.
How we helped
End-to-end audit across 13 critical domains
Grant Thornton Bharat leveraged its regulatory remediation expertise to design a holistic audit approach. Covering 13 domains — from Business Continuity and Cybersecurity to Vendor Risk Management and Ransomware Preparedness — we assessed both design and operating effectiveness of controls. Our customised recommendations addressed deficiencies while enabling process improvements aligned with regulatory guidelines and industry best practices.
The results
Stronger compliance and improved cyber resilience
The audit provided the bank with a robust remediation framework, enabling full compliance with regulatory requirements. It also strengthened governance, enhanced digital payment security, and improved preparedness against emerging cyber threats.