Banking Compliance Checklist for Indian Banks

Compliance in Indian banking is no longer just about avoiding penalties , it has become foundational to trust, resilience, and long-term growth. As digital banking expands and fraud becomes more sophisticated, regulators now expect stronger controls, faster reporting, and real accountability across the entire banking lifecycle. Indian banks operate under layered oversight from the RBI, FIU-IND, CERT-In, and the Digital Personal Data Protection (DPDP) framework. This makes compliance less about individual regulations and more about coordination across systems, teams, and timelines. This article presents a practical banking compliance checklist tailored to India’s regulatory environment. It covers critical areas including customer identity and KYC, AML and transaction monitoring, digital identity verification, pre-offer and pre-access risk checks, DPDP readiness, cybersecurity preparedness, vendor compliance, and internal audits. It also examines common compliance gaps seen in Indian banks, such as fragmented processes, manual workflows, and reactive controls and explains how technology is enabling a shift toward continuous, real-time assurance. Ultimately, the checklist reframes compliance as trust infrastructure. For banks navigating rapid digital growth, strong compliance is no longer a constraint — it is a competitive advantage