MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following notification: RBI/2026-27/225 DOR.MCS.REC.No.195/01-01-035/2026-27 August 6, 2026 Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Fourth Amendment Directions, 2026 Certain instructions on matters related to recovery of microfinance loans and engagement of recovery agents therefor by Local Area Banks (LABs) have been issued to LABs under the Reserve Bank of India (Local Area Banks - Responsible Busine...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following notification: RBI/2026-2027/224 DOR.MCS.REC.No.194/01-01-033/2026-27 August 6, 2026 Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Fourth Amendment Directions, 2026 Certain instructions on matters related to engagement of recovery agents by Small Finance Banks (SFBs) have been issued to SFBs under the Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Directions, 2025. Th...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following notification: RBI/2026-27/223 DOR.MCS.REC.No.193/01-01-032/2026-27 August 6, 2026 Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Fourth Amendment Directions, 2026 Certain instructions on matters related to engagement of recovery agents by banks have been issued to Commercial Banks (other than Small Finance Banks, Payments Banks, Regional Rural Banks, and Local Area Banks) under the Reserve Bank of I...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XI-Issue date February 09, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on August 07, 2026 (Au...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: In pursuance of the announcement made with regard to the captioned subject in the Statement on Developmental and Regulatory Policies dated August 5, 2026, the Reserve Bank of India has today issued the following draft Directions for public comments: * Draft Reserve Bank of India (Rural Co-operative Banks - Concentration Risk Management) - Directions, 2026 to replace Reserve Bank of India (Rural Co-operative Ba...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank had issued the revised draft Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' on May 20, 2026 for seeking feedback from stakeholders. Feedback received on the above revised draft Directions has been examined and the consequent modifications have been suitably incorporated in the final Amendment Directions. A statement on the feedback r...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹40,000/- (Rupees Forty Thousand only) on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)' and operational instructions issued under 'Supervisory Action Framework (SAF)'. This penalty has been imposed...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the draft "Reserve Bank of India (Non-Banking Financial Companies - Credit Facilities) Amendment Directions, 2026". Comments/feedback on the draft Amendment Directions are invited from regulated entities and other interested stakeholders by August 28, 2026. Feedback on the draft Amendment Directions may be submitted through 'Connect 2 Regulate' or by email with subject li...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Reserve Money for the fortnight ended July 31, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/824 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2026-27 with reference to financials as on March 31, 2026. 2. The Reserve Bank has issued the regulatory framework under Scale Based Regulation for NBFCs which is contained in the Reserve Bank of India (Non-Banking Financial Companies - Registration, Exemptions and Framework for Scal...