1. Key Incident Details Entity Name: Cashfree Payments India Private Limited Penalty Amount: ₹3.10 Lakh (Rupees Three Lakh Ten Thousand only) Date of Order: March 09, 2026 (Press Release: March 16, 2026) Inspection Period: April 2024 to June 2025 Regulatory Framework: Guidelines on Regulation of Payment Aggregators (PAs) and Payment Gateways (PGs) Core Violation: Making […]
1. Key Details Regulated Entity: Manappuram Finance Limited Penalty Amount: ₹2.70 Lakh (Rupees Two Lakh Seventy Thousand only) Statutory Inspection Period: Financial position as on March 31, 2025 Regulatory Authority: Reserve Bank of India (RBI) Applicable Act/Provision: Section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934 Nature of Violation: Non-compliance
Executive Summary On March 12, 2026, the Reserve Bank of India (RBI) published press releases detailing monetary penalties imposed on two co-operative banks due to non-compliance with regulatory directives. Following statutory inspections evaluating the banks’ financial positions as of March 31, 2025, enforcement actions were initiated against The Pallikonda Co-operative Urban Bank Limited (Tamil Nadu)
Executive Summary The Reserve Bank of India (RBI) has exercised its powers under Section 35 A read with Section 56 of the Banking Regulation Act, 1949, to impose strict operational restrictions on three distinct cooperative banks across India. These directives come in response to the banks’ deteriorating financial liquidity and the management’s failure to address
Executive Summary On March 11, 2026, the Reserve Bank of India (RBI) announced the cancellation of the Certificate of Registration (CoR) for nine Non-Banking Financial Companies (NBFCs). These cancellations were executed in accordance with the powers conferred upon the RBI under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The surrender of
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
