RBI Pushes for customer protection in Digital Payments
In its Statement on Developmental and Regulatory Policies released on February 6, 2026, the Reserve Bank of India (RBI) has outlined targeted measures to fortify the payments ecosystem amid surging digital transaction volumes. A standout initiative is the forthcoming Discussion Paper titled Exploring Safeguards in Digital Payments to Curb Frauds. This move underscores RBI’s commitment…
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RBI Signals New Reform Agenda for Banks and NBFCs
The Reserve Bank of India (RBI) released its Statement on Developmental and Regulatory Policies on February 6, 2026, outlining several proactive measures to strengthen customer protection, harmonize regulations, and enhance operational flexibility for regulated entities (REs). These initiatives address critical areas like mis-selling, loan recovery, digital fraud, and lending norms, with draft instructions set for…
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Union Budget 2026 — What Banks and Taxpayers Need to Know
Date presented: 1 February 2026Presented by: Finance Minister Nirmala SitharamanContext: The Union Budget 2026 🇮🇳 continues India’s efforts to sustain growth amid global economic pressures, while balancing fiscal prudence and long-term tax reforms. 📊 Overview: Growth, Deficit and Fiscal Strategy The government maintained a focus on macro-economic stability. With strong infrastructure spending and targeted incentives,…
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Union Budget 2026: Key Takeaways for Banking Sector
India’s Union Budget 2026, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, emphasizes financial sector reforms under the Viksit Bharat vision. It highlights the banking system’s strong balance sheets and profitability while announcing measures to enhance efficiency, inclusion, and growth. High-Level Banking Committee The budget proposes a high-level committee to review the banking…
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Dividend Declaration and Profit Remittance by Banks: RBI Norms for 2026
Applicability and coverage Core prudential eligibility conditions Before declaring any dividend or remitting profits, a bank must satisfy all of the following prudential conditions: Ceiling on payout and CET1‑linked matrix The Directions propose a graded matrix that caps the maximum dividend payout ratio at 75% of PAT, with the actual permissible percentage linked to…
Name Change after Marriage? RBI’s KYC Relaxation under PML Rules Explained
Background: PML Rules and Name Change The Prevention of Money-laundering (Maintenance of Records) Rules, 2005 define what constitutes an officially valid document (OVD) for KYC purposes. To ease difficulties faced by individuals whose names change after marriage or otherwise, the Government notified the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2015 (G.S.R. 730(E)…
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