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In terms of the various Statutes/Master Circulars/Directions/Instructions etc. issued by the Reserve Bank from time to time, the Regulated Entities are required to submit applications/requests for seeking authorisations/licenses/approvals from different Departments of the Reserve Bank. On May 28, 2024, the Reserve Bank launched PRAVAAH

As part of an endeavour towards enhancing public access to frequently used denominations of banknotes, it has been decided that all banks and White Label ATM Operators (WLAOs) shall ensure that their ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis as per following milestones:

Reserve Bank of India has issued guidelines in the past to banks on opening of and operations in the deposit accounts of minors. A review of the existing guidelines has been made with a view to rationalise and harmonise the extant guidelines.

Reserve Bank of India has been regulating the financial activities of the Non-Banking Financial Companies (NBFC) under the provisions of Chapter III B of the Reserve Bank of India Act, 1934. With the amendment of the Reserve Bank of India Act, 1934 in January 1997, in terms of Section 45 IA of the said Act, and amendment of the National Housing Bank Act, 1987

Please refer to paragraph 6.1.2 of the Master Circular No. DOR.CAP.REC.2/21.06.201/2025-26 dated April 1, 2025 on Basel III Capital Regulations, wherein the list of domestic credit rating agencies accredited for the purpose of risk weighting banks' claims for capital adequacy purposes has been prescribed.

Prior approval of the Reserve Bank shall be obtained in cases of opening of branch/subsidiary/joint venture/representative office or undertaking investment abroad by NBFCs. No NBFC shall open subsidiaries/joint ventures/representative office abroad or shall make investment in any foreign entities without obtaining prior approval in writing from the Reserve Bank.

Reserve Bank has restricted lending against primary gold such as gold bullion due to broader macro-prudential concerns as also due to speculative and non-productive nature of gold.

In the evolving financial landscape, CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India) and CKYC (Central Know Your Customer) play crucial roles in ensuring transparency, security, and compliance in financial transactions. These platforms help financial institutions mitigate risks, prevent fraud, and streamline customer verification processes.

The Financial Intelligence Unit (FIU) plays a crucial role in combating financial crimes such as money laundering and terrorist financing. Established as an independent agency, FIUs operate globally to monitor, analyze, and report suspicious financial transactions, ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations.

NeSL serves as a centralized repository for financial information, enabling lenders, borrowers, and regulators to access authenticated credit data. By digitizing financial records and ensuring their accuracy, NeSL enhances the credit ecosystem, reducing disputes and expediting insolvency proceedings.

Timely submission of credit data is crucial for maintaining accurate and up-to-date credit records, ensuring lenders have the most recent borrower information for improved credit assessment. It also helps financial institutions comply with RBI guidelines, reducing discrepancies in credit reports and preventing errors that could affect lending decisions.

'Outsourcing' is defined as the NBFC’s use of a third party (either an affiliated entity within a corporate group or an entity that is external to the corporate group) to perform activities on a continuing basis that would normally be undertaken by the NBFC itself, now or in the future. ‘Continuing basis' includes agreements for a limited period.

Fair Practices Code NBFCs having customer interface shall adopt the following guidelines: For the purpose of this paragraph, the term ‘personal loans’ shall have the same meaning as defined in the Annex to the circular on ‘XBRL Returns – Harmonization of Banking Statistics’ dated January 04, 2018.

These Directions shall be called the Master Direction- Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023.

The Reserve Bank of India (RBI) has, by an order dated June 3, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on PayMe India Financial Services Private Limited (the company) for non-compliance with specific conditions of Certificate of Registration (CoR) issued by RBI under Section 45IA(5) of Reserve Bank of India Act, 1934 (RBI Act)

The Reserve Bank of India (RBl) has, by an order dated June 3, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Poornawadi Nagarik Sahakari Bank Maryadit Beed, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Management of Advances - UCBs’ and ‘Know Your Customer (KYC)’.

RBI imposes monetary penalty on Ratanchand Shah Sahakari Bank Limited

The Reserve Bank of India (RBI) has, by an order dated June 4, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Adilabad District Co-operative Central Bank Ltd., Telangana (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act

The Reserve Bank of India (RBI) has imposed, by an order dated May 30, 2025, a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on The Bathinda Central Co-operative Bank Ltd., Bathinda, Punjab (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act).

The Reserve Bank of India (RBI) has, by an order dated May 30, 2025, imposed a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on The Citizen Co-operative Bank Ltd., Noida