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The Reserve Bank of India issued new rules governing EMI default recovery practices, restricting how banks can lock customer devices and how recovery agents may contact borrowers. The guidance applies...

The Reserve Bank of India issued draft guidance making banks accountable for all AI models used, including vendor-licensed systems. Banks would be required to independently validate third-party models...

The Reserve Bank of India fined Shree Laxmi Co-operative Bank Ltd. ₹2 lakh on May 27, 2026, for shortcomings in KYC compliance.

The Reserve Bank of India (RBI) issued a draft framework on July 15, 2026, requiring banks and NBFCs to build stronger data security and data risk management systems in digital banking. This is superv...

The Reserve Bank of India imposed a ₹50,000 penalty on The Amravati District Central Co-operative Bank Ltd. on Aug 6, 2026, for KYC violations and charging customers for SMS alerts never sent.

The RBI fined Union Bank of India ₹3,08,795 for currency note violations detected during an inspection. The bank disclosed the penalty on Aug 18, 2026.

On July 31, 2026, the Reserve Bank of India issued the 'Commercial Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework Directions, 2026,' a sector-wide regulatory framework cov...

The RBI fined IndusInd Bank ₹59.20 lakh on Aug 17, 2026, for non-compliance with directions on interest rates on deposits and securitisation of standard assets. The penalty was part of a ₹71.20 lakh e...

The RBI fined Fusion Finance Limited ₹2.70 lakh on Aug 14, 2026, for failing to maintain a periodic review system for customer risk categorisation under KYC rules. The lapse was identified during a st...

RBI Governor Sanjay Malhotra announced on Aug 11, 2026, that the central bank will provide banks with a Digital Payment Intelligence Platform to combat fraud. The platform will use AI and machine lear...

India's Reserve Bank of India progressed its Account Aggregator framework, granting in-principle approvals for API-based financial data sharing platforms. The framework enables consent-based data aggr...