Holiness is a foundational concept in the study of religion, generally understood as the state of being set apart, sacred, or intrinsically connected to the divine. It dictates moral frameworks, shapes historical events, and guides the daily lives of billions of people worldwide. Classification of Holy and Unholy Major world religions have distinct systems for […]
Executive Summary On May 14, 2026, the Reserve Bank of India (RBI) issued a press release formally announcing the restoration of the Certificate of Registration (CoR) for Krishna Capfin Limited, a Non-Banking Financial Company (NBFC) based in Jaipur, Rajasthan. The restoration, effective April 17, 2026, follows prolonged judicial and appellate proceedings culminating in an order
1. Key Details On May 14, 2026, the Reserve Bank of India (RBI) executed a sweeping regulatory action by cancelling the Certificate of Registration (CoR) of 150 Non-Banking Financial Companies (NBFCs). The cancellation was enforced under the powers conferred to the RBI under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Action
1. Appnit Technologies Private Limited Key Details Penalty Amount: ₹5.80 lakh Date of Order: May 11, 2026 Violations: Non-compliance with RBI directions on ‘Know Your Customer (KYC)’ and ‘Prepaid Payment Instruments (PPI)’. Specific Failures: Allowed PPI accounts opened via Aadhaar OTP-based e-KYC to remain active for over one year without proper identification, and failed to
Prayer is a universal phenomenon, deeply woven into the fabric of human history and culture. While its definitions and practices vary wildly across different belief systems, it generally serves as a medium for humans to communicate with the divine, the universe, or their inner selves. 1. Methods of Prayer The methodology of prayer varies significantly
Yes Bank Limited Penalty: ₹31.80 Lakh Key Details Date: May 08, 2026 (Order: April 27, 2026) Violation: Know Your Customer (KYC) Directions. Finding: Failed to put in place a system of using the KYC Identifier assigned by the Central KYC Records Registry (CKYCR) for establishing account-based relationships with customers. Root Cause Analysis (RCA) Incomplete IT
RBI Draft Directions Report: SNFA Context: To ensure transparency, prudence, and timely recovery, the Reserve Bank of India (RBI) has introduced draft directions to regulate instances where financial institutions acquire non-financial, immovable collateral assets to extinguish debt in exceptional cases of loan defaults. Applicable Entities: Commercial Banks NBFCs Co-operative Banks All India Financial Institutions 1
Management Report: FEMA (Authorised Persons) Regulations, 2026 Amendment 1 Discontinuation of Fresh FFMC Licences Applicable Entity Potential new market entrants, Existing Full-Fledged Money Changers (FFMCs), and Non-Bank Financial Companies (NBFCs). Specific Changes Required The RBI will no longer accept or process fresh applications for Full-Fledged Money Changer (FFMC) licences. Only applications pending as of the
Reference: RBI Press Release 2026-2027/227 dated May 8, 2026. Background & Core Change: The Reserve Bank of India (RBI) has issued three amendment directions relaxing the prudential norms for including current financial year profits into Common Equity Tier 1 (CET1) capital for calculating the Capital to Risk-Weighted Assets Ratio (CRAR). Previously, banks were permitted to
The Reserve Bank of India has issued a final suite of amendment directions modifying the regulatory framework for Primary (Urban) Co-operative Banks (UCBs). These directives specifically overhaul the definitions and limits surrounding unsecured advances, housing loan tenors, and financial statement disclosures. To ensure seamless compliance by the October 1, 2026 deadline, detailed changes and required
