1. Executive Summary On July 15, 2026, the Reserve Bank of India (RBI) undertook a massive regulatory cleanup of the Non-Banking Financial Company (NBFC) sector. Exercising its powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the RBI cancelled the Certificate of Registration (CoR) of 192 NBFCs. Concurrently, the RBI accepted […]
On July 14, 2026, the Reserve Bank of India (RBI) issued draft Amendment Directions to simplify the approval process for the subsequent acquisition of major shareholdings (5% or more) in banking companies. Driven by representations from Asset Management Companies (AMCs), Insurance Companies, and Pension Funds, these amendments aim to reduce regulatory friction and administrative burdens
Elaborated Report: RBI Draft Guidance on Data Governance 1. Executive Summary With the rapid digitalization of the financial sector, the Reserve Bank of India (RBI) has issued the draft ‘Guidance on Regulatory Expectations for Data Governance’. This framework aims to ensure data remains accurate, secure, and fit for purpose, mitigating operational, compliance, and reputational risks.
Surat People’s Co-operative Bank Ltd., Surat Key Details Penalty Amount: ₹13.30 Lakh Date of Order: July 10, 2026 Violation: Non-compliance with directions on ‘Board of Directors UCBs’. Directors participated in and approved proposals in which they were directly or indirectly interested. Statutory Basis: Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation
On July 16, 2026, the Reserve Bank of India (RBI) issued extensive amendment directions establishing a uniform prudential framework for Specified Non-Financial Assets (SNFAs). These regulations govern how regulated entities acquire, value, manage, and dispose of immovable properties obtained from defaulting borrowers in settlement of outstanding debts. The directives mark a significant shift towards stricter
The Reserve Bank of India has issued comprehensive Amendment Directions to transition Board governance from a rigid, rules-based framework (previously categorized by seven broad themes) to a dynamic, principle-based approach. The core objective is to free up Board bandwidth, eliminate redundant operational reporting, and foster deeper, qualitative engagements on strategic growth and risk governance. Applicable
The term “C-suite” refers to the highest-ranking executives in an organization—the Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), and others. These leaders carry the immense responsibility of setting strategic direction, ensuring operational alignment, and safeguarding the company’s future. Stepping into a chief role means shifting from executing tasks to orchestrating
Thriving in an Imposed Ecosystem Amiran is kidnapped and thrust into a highly volatile, strictly hierarchical ecosystem she did not choose. Instead of resisting the reality, she executes a strategy of hyper-specialization, mastering poetry (shayari), literature, and etiquette to transform herself from a victim into the crown jewel of the house. Corporate Strategy: Skill Agility
1. Bank of Baroda Key Details Penalty Amount: ₹63.60 Lakh Date of Order: June 30, 2026 Violations: ‘Fair Practices Code for Lenders’ and ‘Know Your Customer (KYC)’. Specific Lapses: Collected interest higher than the contracted rate in certain loan accounts; failed to upload KYC records of certain customers onto the Central KYC Records Registry (CKYCR)
1. Hutatma Sahakari Bank Ltd., Walva, Maharashtra Key Details Penalty Amount: ₹5 Lakh Date of Order: June 19, 2026 Nature of Violation: Sanctioned loans to a relative of its director. Non-compliance with directions on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’. Root Cause Analysis (RCA) Failure
