1. Raigad District Central Co-operative Bank Ltd., Maharashtra Key Details Penalty Amount: ₹10.10 Lakh (Rupees Ten Lakh and Ten Thousand only) Order Date: July 23, 2026 Contraventions: Section 20(1) read with section 56 of the Banking Regulation Act, 1949 (BR Act). Directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. […]
The Reserve Bank of India has undertaken a massive regulatory restructuring aimed at rationalizing compliance and minimizing operational costs for regulated entities. The sweeping changes involve the repeal of 628 legacy circulars and their consolidation into 64 entity-specific, function-wise Master Directions. 1. Applicable Regulated Entities The consolidated Master Directions apply across 11 specific categories of
On July 30, 2026, the Reserve Bank of India (RBI) issued finalized amendment directions concerning the interest rates on deposits. These amendments aim to enhance transparency in deposit pricing and provide banks with operational flexibility, particularly concerning bulk deposits, in alignment with the Liquidity Coverage Ratio (LCR) framework. The new rules mandate strict disclosure timelines
Report outlines the strategic implications and operational mandates stemming from the Reserve Bank of India’s draft Amendment Directions issued on July 27, 2026. As detailed in the official press release, these amendments aim to drastically improve efficiency, liquidity, and transparency in the issuance and subsequent transfer of Securitisation Notes (SNs). The regulatory update introduces four
1. Kolhapur District Central Co-op Bank Ltd., Maharashtra Penalty: ₹13.30 Lakh Order Date July 17, 2026 Regulatory Violation Sanctioned director-related loans. Non-compliance with section 20(1) read with section 56 of the BR Act, 1949. Inspecting Authority NABARD (Financial position as of March 31, 2025) Root Cause Analysis (RCA) Inadequate checks during the loan origination process
Following the Union Budget 2026-27 announcement, the Reserve Bank of India (RBI) has released the draft Foreign Exchange Management (Foreign Investment) Rules, 2026 to supersede the existing NDI Rules, 2019. The new framework introduces a simplified, principle-based architecture, separates RBI and DPIIT jurisdictions clearly, and formally enables direct listing of Indian companies on international stock
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.
