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Corporate Laws Central Ministry of Commerce and Industry Reserve Bank of India Act, 1934

Revised Vulnerability Index for Cyber Security Framework (VICS) Return

06-Oct-2023 | Ref. No. NB. DoS. Policy/ 1963 /J-1/ 2023-24

The National Bank for Agricultural and Rural Development has issued a notification for all State Cooperative Banks and All District Central Cooperative Banks revising the Vulnerability Index for Cyber Security Framework (VICS) return to be submitted by the banks to NABARD on half yearly basis. By virtue of this notification it has been decided that- 1.The return is to be submitted on a half- yearly basis and the due date would be fifteen (15) days from the end of the half financial year e.g. 15th April and 15th October. All banks are advised to ensure submission of the prescribed return through ENSURE portal on an ongoing basis. 2. Based on the return, Early Warning Signals (EWS) will be generated and sent to banks pointing out the areas of non-compliance, issues of concern etc. on which Supervised entities will take up necessary actions. 3. The bank may put in place a mechanism for putting up the VICS return to the Head of Internal Audit and the CEO of the bank to enable the top management to review the cyber security related issues.

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