SEBI has proposed a framework for introducing an IT Resilience Index (ITRI) for Market Infrastructure Institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. The index will be computed using predefined parameters including availability, security, governance, business continuity, and scalability, with assigned weightages. MIIs are required to calculate the ITRI on a half-yearly basis through a system-driven, non-discretionary process and submit comparative analysis reports to SEBI. It also mandates standardization through the Industry Standards Forum to ensure uniformity and comparability across institutions.