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
