RBI Draft Amendments Report – 20th May 2026 | Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents

1. Executive Summary Following the initial draft issued on February 12, 2026, the Reserve Bank of India (RBI) has released revised draft Amendment Directions after incorporating substantial stakeholder feedback. The most notable addition is the regulatory enablement for lenders to use technology-based mechanisms to restrict or disable functionalities of financed mobile devices (smartphones, tablets) in […]

RBI Amendments Draft

RBI Amendments Report – 18th May 2026 | Investment Fluctuation Reserve

On May 18, 2026, the Reserve Bank of India (RBI) issued Final Amendment Directions comprehensively reviewing the norms on the Investment Fluctuation Reserve (IFR) across all Regulated Entities (REs). The overarching regulatory intent is threefold: Dispensation: Complete removal of the IFR requirement for banks that maintain a capital charge for market risk and follow revised

RBI Amendments

“Walking the Sacred Path on Holy ground: How the Eternal Call to Holiness Inspires the Triumphs of the Human Spirit”

Holiness is a foundational concept in the study of religion, generally understood as the state of being set apart, sacred, or intrinsically connected to the divine. It dictates moral frameworks, shapes historical events, and guides the daily lives of billions of people worldwide. Classification of Holy and Unholy Major world religions have distinct systems for

Sunder Dinesh

RBI License Restoration Report – 14th May 2026 | Krishna Capfin Limited

Executive Summary On May 14, 2026, the Reserve Bank of India (RBI) issued a press release formally announcing the restoration of the Certificate of Registration (CoR) for Krishna Capfin Limited, a Non-Banking Financial Company (NBFC) based in Jaipur, Rajasthan. The restoration, effective April 17, 2026, follows prolonged judicial and appellate proceedings culminating in an order

RBI License Restoration

RBI License Cancellation Report – 14th May 2026

1. Key Details On May 14, 2026, the Reserve Bank of India (RBI) executed a sweeping regulatory action by cancelling the Certificate of Registration (CoR) of 150 Non-Banking Financial Companies (NBFCs). The cancellation was enforced under the powers conferred to the RBI under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Action

RBI License Cancellation

RBI Penalty Report – 15th May 2026

1. Appnit Technologies Private Limited Key Details Penalty Amount: ₹5.80 lakh Date of Order: May 11, 2026 Violations: Non-compliance with RBI directions on ‘Know Your Customer (KYC)’ and ‘Prepaid Payment Instruments (PPI)’. Specific Failures: Allowed PPI accounts opened via Aadhaar OTP-based e-KYC to remain active for over one year without proper identification, and failed to

RBI Penalty

RBI Penalty Report – 8th May 2026

Yes Bank Limited Penalty: ₹31.80 Lakh Key Details Date: May 08, 2026 (Order: April 27, 2026) Violation: Know Your Customer (KYC) Directions. Finding: Failed to put in place a system of using the KYC Identifier assigned by the Central KYC Records Registry (CKYCR) for establishing account-based relationships with customers. Root Cause Analysis (RCA) Incomplete IT

RBI Penalty

RBI Draft Direction Report – 5th May 2026 | Prudential Norms on Specified Non-financial Assets (SNFA) Directions

RBI Draft Directions Report: SNFA Context: To ensure transparency, prudence, and timely recovery, the Reserve Bank of India (RBI) has introduced draft directions to regulate instances where financial institutions acquire non-financial, immovable collateral assets to extinguish debt in exceptional cases of loan defaults. Applicable Entities: Commercial Banks NBFCs Co-operative Banks All India Financial Institutions 1

RBI Direction Draft

RBI Amendments Report – 6th May 2026 | Foreign Exchange Management (Authorised Persons) Regulations,2026

Management Report: FEMA (Authorised Persons) Regulations, 2026 Amendment 1 Discontinuation of Fresh FFMC Licences Applicable Entity Potential new market entrants, Existing Full-Fledged Money Changers (FFMCs), and Non-Bank Financial Companies (NBFCs). Specific Changes Required The RBI will no longer accept or process fresh applications for Full-Fledged Money Changer (FFMC) licences. Only applications pending as of the

RBI Amendments
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