Posted inRBI Announcements
RBI Updates Income Rules for Local Area Banks
RBI has updated income recognition rules for Local Area Banks on SNFAs, effective October 1, 2026, with a reversal deadline of September 30, 2027.
Posted inRBI Announcements
RBI Fines PAN Emami Cosmed ₹3.10 Lakh
RBI has fined PAN Emami Cosmed Limited ₹3.10 lakh for breaching credit concentration exposure limits set for a single group of parties.
Posted inRBI Announcements
RBI Extends Konark Urban Co-op Bank Directions
RBI extends directions on Konark Urban Co-operative Bank, Ulhasnagar by 3 months until October 23, 2026, subject to review.
Posted inRBI Announcements
RBI Seeks Public Comments on Bank Share Acquisition Rules
RBI releases draft directions to simplify bank share acquisition approvals for mutual funds, insurance firms, and pension funds. Comments due by August 4, 2026.
Posted inRBI Announcements
RBI Updates Bank Board Governance Rules 2026
RBI issues new bank board governance directions for commercial, small finance, payments, and local area banks, effective October 1, 2026.
Posted inRBI Announcements
RBI Fines Surat People’s Co-op Bank ₹13.30 Lakh
RBI imposed a ₹13.30 lakh penalty on Surat People's Co-operative Bank for governance violations involving directors' conflict of interest.
Posted inRBI Announcements
RBI Holds Third Internal Ombudsmen Conference
RBI held its third annual Internal Ombudsmen conference in Mumbai on July 13, 2026, focusing on faster and fairer customer grievance redress.
Posted inRBI Announcements
RBI Extends Directions for Samarth Urban Co-op Bank
The RBI has extended directions for Samarth Urban Co-operative Bank, Osmanabad, until October 07, 2026, for three more months.
Posted inRBI Announcements
RBI Fines Bank of Baroda ₹63.60 Lakh
RBI imposes ₹63.60 lakh penalty on Bank of Baroda for KYC violations and overcharging interest on loans.
Posted inRBI Announcements
RBI Fines Sri Bharathi Co-op Bank Hyderabad
RBI imposes ₹1.50 lakh penalty on Sri Bharathi Co-op Bank Hyderabad for director loans and small value lending violations.