ReBIT (Reserve Bank Information Technology Pvt. Ltd.) is a wholly owned subsidiary of the Reserve Bank of India (RBI). We've been set up to take care of the IT requirements, including the cyber security needs of the RBI and its regulated entities.ReBIT focuses on IT and cyber security (including related research) of the financial sector and assists in IT systems audit and assessment of the RBI regulated entities. We advise, implement and manage internal or system-wide IT projects (both the existing and new) of the RBI as mutually decided between the Reserve Bank and ReBIT.ReBIT serves as a catalyst for innovation, big systems, and new ideas, in addition to guiding regulated entities in the IT areas of their operations and the RBI's IT-related functions and initiatives. Given the need for inter-operability and cross-institutional cooperation, ReBIT effectively participates in setting up standards to strengthen RBI's role as regulator.