Surat People’s Co-operative Bank Ltd., Surat Key Details Penalty Amount: ₹13.30 Lakh Date of Order: July 10, 2026 Violation: Non-compliance with directions on ‘Board of Directors UCBs’. Directors participated in and approved proposals in which they were directly or indirectly interested. Statutory Basis: Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation […]
On July 16, 2026, the Reserve Bank of India (RBI) issued extensive amendment directions establishing a uniform prudential framework for Specified Non-Financial Assets (SNFAs). These regulations govern how regulated entities acquire, value, manage, and dispose of immovable properties obtained from defaulting borrowers in settlement of outstanding debts. The directives mark a significant shift towards stricter
The Reserve Bank of India has issued comprehensive Amendment Directions to transition Board governance from a rigid, rules-based framework (previously categorized by seven broad themes) to a dynamic, principle-based approach. The core objective is to free up Board bandwidth, eliminate redundant operational reporting, and foster deeper, qualitative engagements on strategic growth and risk governance. Applicable
The term “C-suite” refers to the highest-ranking executives in an organization—the Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), and others. These leaders carry the immense responsibility of setting strategic direction, ensuring operational alignment, and safeguarding the company’s future. Stepping into a chief role means shifting from executing tasks to orchestrating
Thriving in an Imposed Ecosystem Amiran is kidnapped and thrust into a highly volatile, strictly hierarchical ecosystem she did not choose. Instead of resisting the reality, she executes a strategy of hyper-specialization, mastering poetry (shayari), literature, and etiquette to transform herself from a victim into the crown jewel of the house. Corporate Strategy: Skill Agility
1. Bank of Baroda Key Details Penalty Amount: ₹63.60 Lakh Date of Order: June 30, 2026 Violations: ‘Fair Practices Code for Lenders’ and ‘Know Your Customer (KYC)’. Specific Lapses: Collected interest higher than the contracted rate in certain loan accounts; failed to upload KYC records of certain customers onto the Central KYC Records Registry (CKYCR)
1. Hutatma Sahakari Bank Ltd., Walva, Maharashtra Key Details Penalty Amount: ₹5 Lakh Date of Order: June 19, 2026 Nature of Violation: Sanctioned loans to a relative of its director. Non-compliance with directions on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’. Root Cause Analysis (RCA) Failure
The Reserve Bank of India (RBI) has issued a draft Master Direction for the Call, Notice, and Term Money Markets, aiming to deepen market participation and enhance liquidity. The directions consolidate previous circulars and introduce explicit borrowing limits, mandate NDS-CALL platform membership, and stipulate strict early termination clauses. Market participants must align their treasury operations,
On June 25, 2026, the Reserve Bank of India (RBI) released a Draft Master Direction consolidating and streamlining the compliance instructions for secondary market transactions in Government Securities (G-Secs). 1. Applicable Entities The directions govern secondary market transactions undertaken in the over-the-counter (OTC) market and on recognized stock exchanges in India. The applicability is broad
The Reserve Bank of India (RBI) has issued a holistic framework to govern the rapidly expanding use of models (including AI/ML and third-party systems) across financial institutions. Recognising the financial, operational, compliance, and reputational risks of flawed models, the guidance mandates a robust Model Risk Management Framework (MRMF), strict lifecycle governance, independent validation, and enhanced
