1. Key Details On October 09, 2026, the Reserve Bank of India (RBI) issued notifications regarding the cancellation and surrender of Certificates of Registration (CoR) for a total of 23 Non-Banking Financial Companies (NBFCs). These actions were executed under the powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934. Voluntary
The Reserve Bank of India (RBI) issued the (Commercial Banks – Forthcoming Instructions) Amendment Directions, 2026 on October 7, 2026, aligning India’s capital adequacy framework for Counterparty Credit Risk (CCR) with international standards. The directives mandate the shift from the Current Exposure Method (CEM) to the Standardised Approach for Counterparty Credit Risk (SA-CCR) for computing
The Reserve Bank of India (RBI) issued the final Directions on the Credit Valuation Adjustment (CVA) Framework on October 7, 2026, which will come into effect on April 1, 2027. The framework revises the capital charge computation for CVA risk to capture the potential mark-to-market losses arising from the deterioration in the creditworthiness of counterparties
On October 1, 2026, the Reserve Bank of India (RBI) issued four pivotal Amendment Directions modifying the existing 2025 Master Directions on the ‘Acquisition and Holding of Shares or Voting Rights’. The core objective of these amendments is to streamline and simplify the regulatory approval process for specific institutional investors—namely Mutual Funds, Insurance Companies, and
1. Hero Fincorp Limited Key Details Penalty Amount: ₹10 Lakh Date of Order: September 22, 2026 Statutory Basis: Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934 Inspection Period: As on March 31, 2025 The Violation Non-compliance with directions on ‘Fair Practices Code for Lenders – Charging of Interest’. Specifically, the company was
The Reserve Bank of India’s 2026 Directions on Market Risk signify a structural shift toward the finalization of the Basel III framework in India. The introduction of stringent boundary restrictions, punitive scalars for non-transparent/equity-like funds, and strict internal hedging rules will require Indian commercial banks to fundamentally rethink their trading book architecture. Banks must utilize
Pursuant to the Supreme Court order dated August 4, 2026, the Reserve Bank of India has issued the Draft RBI (Know Your Customer) Amendment Directions, 2026 (Ref: DOR.AML.REC.No./14-01-001/2026-27). This mandate introduces a strict Standard Operating Procedure (SOP) to combat cyber-enabled financial frauds and money mule accounts. The directions come into effect on or before April
Asset Care & Reconstruction Enterprise Limited Penalty Amount ₹27.30 Lakh (Rupees Twenty-Seven Lakh Thirty Thousand) Order Date September 08, 2026 Statutory Provision Section 12 read with section 30A(1) of the SARFAESI Act, 2002 Primary Violation Non-compliance with RBI directions on ‘Income Recognition’, specifically regarding the charging of management fees. Inspection Reference Financial position as on
1. TransUnion CIBIL Limited Penalty: ₹26.82 Lakh Order Date: Aug 31, 2026 Key Violations Failure to credit compensation amounts to bank accounts of eligible complainants within the prescribed period for delayed updation/rectification of credit information. Root Cause Analysis (RCA) Inadequate integration between the internal grievance redressal system and automated payout gateways. Lack of automated triggers
The Importance and Healing Power of Grief Across major world religions, grief is not viewed merely as a negative emotion to be suppressed, but as a profound spiritual catalyst and a necessary medicine for the soul. Lessons for the Corporate World: Organizations must recognize that grief—whether from the loss of a colleague, massive layoffs, or
