RBI’s Repo Rate Adjustments continues to Pause
The Monetary Policy Committee (MPC) met on the 3rd, 4th and 5th of August to deliberate and decide on the policy repo rate. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at…
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Bankers’ Books Evidence Bill, 2026: What Banks, Courts, and Customers Should Know
The introduction of the Bankers’ Books Evidence Bill, 2026 in Parliament marks a significant milestone in the modernization of India’s banking and legal framework. Introduced in the Lok Sabha, the Bill seeks to replace the Bankers’ Books Evidence Act, 1891, a colonial-era legislation that has governed the admissibility of bank records in judicial proceedings for…
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E-Mandate Framework for Digital Payments: RBI’s Key Guidelines
The Reserve Bank of India (RBI) has issued updated directions under the E-mandate framework for digital payments, aimed at strengthening the safety, transparency, and customer control over recurring transactions. These provisions apply to all Payment System Providers (PSPs) and participants processing recurring payments—both domestic and cross-border—through instruments such as cards, prepaid payment instruments (PPIs), and…
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Subsidiary vs Sister vs Associate vs JV vs Conglomerate: Key Corporate Structures Explained
Overview These terms describe different forms of corporate relationships that are particularly relevant in the banking and financial sector for regulatory compliance, risk management, and consolidated financial reporting under the Companies Act, 2013 and RBI guidelines. Each structure differs in terms of ownership, control, liability, and financial reporting treatment. A clear understanding of these distinctions…
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New RBI Guidelines on Nomination Facility in Bank Accounts and Lockers (Effective November 1, 2025)
The Reserve Bank of India (RBI) has issued new guidelines titled “Reserve Bank of India (Nomination Facility in Deposit Accounts, Safe Deposit Lockers and Articles kept in Safe Custody with the Banks) Directions, 2025.” These guidelines aim to make it easier for family members or legal heirs to claim money or valuables from banks in…
RBI’s Draft Internal Ombudsman Directions, 2025: A Step Towards Stronger Customer Protection
The Reserve Bank of India (RBI) has issued the draft Internal Ombudsman (IO) Directions, 2025, aiming to strengthen the in-house grievance redressal mechanism across banks, NBFCs, and other regulated entities. This move is part of RBI’s ongoing efforts to ensure faster, fairer, and more transparent complaint handling before cases reach the external ombudsman system. 🔍…
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