RBI

RBI Local Area Banks Financial Statements Amendment Directions

The Reserve Bank of India has issued the Local Area Banks Financial Statements Amendment Directions, 2026. These amendments modify the disclosure requirements for Local Area Banks regarding the payment of Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance premiums.

Currency Chest Operations on March 31, 2026

The Reserve Bank of India has directed all Currency Chest (CC) holding banks to keep their currency chests open on March 31, 2026, a public holiday, to facilitate accounting for government transactions within the fiscal year. This measure ensures that necessary operations can be conducted to support branches dealing with government receipts and payments.

RBI Amendment to Rural Co-operative Banks Financial Statement Disclosures

The Reserve Bank of India has issued second amendment directions for rural co-operative banks regarding financial statement disclosures. These amendments modify the requirements for disclosing payments of DICGC insurance premiums, effective April 1, 2026.

RBI Amends Urban Co-operative Bank Financial Statement Directions

The Reserve Bank of India (RBI) has amended the financial statement presentation and disclosure directions for urban co-operative banks. These amendments, effective April 1, 2026, require specific disclosures regarding the payment of Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance premiums.

RBI Amendment Directions for Rural Banks Financial Statements

The Reserve Bank of India has issued second amendment directions for Regional Rural Banks' financial statements. These amendments modify the disclosure requirements regarding the payment of Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance premiums, effective April 1, 2026.

Irinjalakuda Town Co-operative Bank Administrator Appointment

The Reserve Bank of India has appointed Shri Gopi Krishnan C R as the new Administrator for the Irinjalakuda Town Co-operative Bank Ltd., effective March 23, 2026. This appointment follows the previous administrator's resignation due to personal reasons. The bank remains under All Inclusive Directions imposed in July 2025.

RBI Fines Vedvyas Finance for Governance Non-Compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹30,000 on Vedvyas Finance Private Limited for non-compliance with governance directions. The company failed to obtain prior written permission from the RBI before appointing a director, which resulted in a significant change in its management.

RBI Fines Loknete R.D. Appa Bank for Non-Compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹30,000 on Loknete R.D. Appa, Kshirsagar Sahakari Bank Ltd. for non-compliance with directions on loans to directors and for failing to furnish required information during an inspection. The penalty was issued by order dated March 11, 2026.

RBI Fines Pali District Central Co-operative Bank for KYC Non-Compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹50,000 on The Pali District Central Co-operative Bank Ltd. for non-compliance with Know Your Customer (KYC) directions. The bank failed to implement a system for periodic review of account risk categorisation at least every six months.

Monetary Policy Committee Meeting Schedule 2026-2027

The Reserve Bank of India has announced the meeting schedule for its Monetary Policy Committee for the fiscal year 2026-2027. The schedule outlines the dates for the committee's meetings throughout the year, as mandated by the Reserve Bank of India Act, 1934.