1. Key Details Regulatory Body: Reserve Bank of India (RBI). Action Taken: Cancellation of the Certificate of Registration (CoR) of 36 Non-Banking Financial Companies (NBFCs). Legal Authority: Section 45-IA (6) of the Reserve Bank of India Act, 1934. Consequence: The specified companies are strictly prohibited from transacting the business of a Non-Banking Financial Institution, as […]
Revised RBI Prudential Norms on Declaration of Dividend & Remittance of Profits (2026) Based on the RBI Press Release (March 10, 2026) and the issuance of five Master Directions and one Amendment Guideline. The extant norms remain valid till FY 2025-26, with the revised frameworks taking effect from Financial Year (FY) 2026-27. Executive Summary The
Executive Summary On March 10, 2026, the Reserve Bank of India (RBI) issued seven Amendment Directions modifying the capital computation and concentration norms across various regulated entities. The primary objective is to clarify the components of Owned Fund / Tier 1 Capital—specifically allowing the inclusion of quarterly profits under strict audit conditions—and to mandate the
Objective: To impart clarity on the Counterparty Credit Risk (CCR) framework and align the add-on factors for the computation of Potential Future Exposure (PFE) under the Current Exposure Method (CEM) with the Basel Committee on Banking Supervision (BCBS) international guidelines. 1. Commercial Banks Applicable Entity: All Commercial Banks (excluding Local Area Banks and Regional Rural
Subject: Review of Framework for Limiting Customer Liability in Digital Transactions. Effective Date: July 1, 2026 The Reserve Bank of India has issued draft amendment directions to overhaul the customer protection framework in electronic banking. The amendments significantly expand the definition of “unauthorised transactions” (including scams and coercion), mandate strict alert mechanisms, reduce grievance resolution
1. Executive Summary The Reserve Bank of India (RBI) has issued a press release announcing the extension of regulatory directions imposed on The Amanath Co-operative Bank Ltd., Bangalore. Initially enforced under Section 35A read with Section 56 of the Banking Regulation Act, 1949, on June 12, 2024, the operational and financial restrictions have now been
1. Executive Summary The Reserve Bank of India (RBI) has imposed a monetary penalty on Maanaveeya Development & Finance Private Limited for non-compliance with the RBI’s ‘Governance’ directions. The penalty was levied under the powers conferred on the RBI under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The
1. Key Details of the Penalty Penalty Amount: ₹10,000/- (Rupees Ten Thousand only) Order Date: February 27, 2026 Inspection Reference: Financial position of the bank as on March 31, 2025. Statutory Provision: Section 25 of the Credit Information Companies (Regulation) Act, 2005 (CICRA). Nature of Violation: The bank failed to comply with RBI directions on
Executive Summary Effective March 05, 2026, the Reserve Bank of India (RBI) has enforced the revived cancellation of the banking licence for Shimsha Sahakara Bank Niyamitha (Maddur, Mandya District, Karnataka). The bank is strictly prohibited from conducting any banking business, including accepting or repaying deposits, under Section 5(b) and Section 6 read with Section 56
🔴 LATEST UPDATE (Feb 2026): 4 Masterminds Arrested | ₹583 Crore Fully Refunded by Bank 1. Key Details of the Incident In February 2026, a massive financial irregularity surfaced at IDFC First Bank. Described as “banking’s oldest fraud,” the incident relied entirely on paper-based manipulation and internal collusion rather than a digital cyberattack. Location &
