The Reserve Bank of India has opened a consultation on 11 draft amendment directions covering governance and related requirements across banks, co-operative banks, non-banking financial companies, All India Financial Institutions, credit information companies and asset reconstruction companies, with comments due by July 9, 2026.
The Reserve Bank of India has issued 11 draft amendment directions for public comment covering governance and related rules for commercial banks, small finance banks, payments banks, local area banks, regional rural banks, All India Financial Institutions, urban and rural co-operative banks, non-banking financial companies, credit information companies and asset reconstruction companies, with feedback due by July 9, 2026.
The Reserve Bank of India has amended its governance rules for Local Area Banks to streamline what must be placed before boards and what can be delegated. The new framework is intended to free board time for strategy and risk governance, while preserving the board's ultimate responsibility for key decisions. The changes take effect on October 1…
The Reserve Bank of India has amended its small finance bank governance directions to reduce the range of matters that must go to the Board and to support a stronger focus on strategy and risk governance. The new framework sets out which policies and other matters require Board approval, review or information and which can be delegated, while…
The Reserve Bank of India has amended its commercial bank governance directions to reduce prescriptive board agenda requirements and refocus boards on strategy and risk governance. The changes set out which matters must go to the board, what may be delegated to committees or management, and confirm that both public sector and private sector bank…