RBI Amendments Report – 24th Jun 2026 | ‘review of methodology for identification of NBFC-UL and inclusion of Government owned NBFCs in NBFC-UL’ and ‘Credit/Investment Concentration Norms – Government owned NBFCs’

On June 24, 2026, the Reserve Bank of India (RBI) issued four critical Amendment Directions fundamentally altering the landscape for Non-Banking Financial Companies (NBFCs), particularly Government-owned NBFCs. The most significant shift is the transition from a complex scoring methodology to a simple, absolute asset-size criterion (₹1,00,000 crore) for identifying Upper Layer NBFCs (NBFC-UL), alongside the […]

RBI Amendments

RBI Amendments Report – 24th Jun 2026 | Review of Framework for Limiting Customer Liability in Digital Transactions

The Reserve Bank of India (RBI) has issued a significant set of amendments on June 24, 2026, aimed at enhancing customer protection in digital transactions. Stemming from the draft issued on March 6, 2026, these amendments expand the scope of customer liability limits beyond mere “unauthorised” transactions to include broader categories of “fraudulent” electronic banking

RBI Amendments

RBI Direction Report – 23rd June 2026 | Trade Receivables Discounting System (TReDS)

The Reserve Bank of India has issued the finalized Trade Receivables Discounting System (TReDS) Directions, 2026, superseding previous operational frameworks. The amendments aim to accelerate MSME liquidity by removing onboarding frictions, harmonizing operational guidelines, and fortifying the capital structure of platform operators. Immediate strategic and operational realignments are required by platform participants to remain compliant

RBI Amendments, RBI Direction

RBI Penalty Report – 19th Jun 2026

Five Star Business Finance Limited Penalty: ₹6.20 Lakh 📋 Key Details Date of Order: June 18, 2026 Violations: KYC Directions & Fair Practice Code. Specifics: Lack of software for suspicious transaction reporting; failure to disclose risk gradation and rationale for interest rates to borrowers. 🔍 Root Cause Analysis (RCA) Over-reliance on manual AML/KYC monitoring processes

RBI Penalty

RBI Circular Report – 19th June 2026 | Lead Bank Scheme

Subject: Finetuning the LBS framework, restructuring fora, and strengthening administrative functioning for enhanced credit flow. 1. Executive Summary Following the public consultation initiated via a draft circular on February 13, 2026, the Reserve Bank of India (RBI) has issued the final revised guidelines for the Lead Bank Scheme (LBS) on June 19, 2026. The revised

RBI Circular

RBI Direction Report – 19th June 2026 | Revised Kisan Credit Card (KCC) Scheme

Following public consultations, the Reserve Bank of India (RBI) issued finalized Master Directions on June 19, 2026, to revamp the Kisan Credit Card (KCC) framework. Effective January 1, 2027, these changes standardize crop season definitions, extend KCC tenure, and integrate modern agricultural technology expenses into credit limit assessments. Amendment 1 Reserve Bank of India [Commercial

RBI Direction

RBI Amendments Report – 15th Jun 2026 | Advertising, Marketing and Sale of Financial Products and Services by Regulated Entities

On June 15, 2026, the Reserve Bank of India (RBI) issued a comprehensive set of Amendment Directions targeting Responsible Business Conduct and the Undertaking of Financial Services by Regulated Entities (REs). The objective is to curb mis-selling, regulate Direct Selling Agents (DSAs) / Direct Marketing Agents (DMAs), prohibit “dark patterns” in digital interfaces, and enforce

RBI Amendments

RBI’s Action Report – 12th Jun 2026 | Mogaveera Co-operative Bank Ltd.

The Reserve Bank of India (RBI) has placed Mogaveera Co-operative Bank Ltd., Bombay under strict regulatory directions effective from the close of business on June 12, 2026. This action was necessitated by the bank’s deteriorating liquidity position and the failure of its Senior Management and Board to adequately address ongoing supervisory concerns despite continuous engagement

RBI Action
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