Centre exempts banks from Section 15(1) of the Banking Regulation Act for unamortized expenditure under the RBI's Effective Interest Rate (EIR) income recognition framework notified in 2026.
RBI keeps the repo rate unchanged at 5.25% and retains its neutral stance. Check key MPC decisions, inflation outlook, GDP growth projections, and what it means for borrowers and businesses.
RBI has appointed Monisha Chakraborty as Executive Director with effect from August 3, 2026. She will oversee the Foreign Exchange Department and Financial Markets Regulation Department.
RBI has issued final amendment directions on deposit interest rates, allowing greater flexibility in pricing bulk deposits. The revised framework will come into effect from October 1, 2026.
The Finance Ministry has released draft Indian Insurance Companies (Inquiry, Adjudication and Appeal) Rules, 2026, introducing procedures for complaints, inquiries, penalties and appeals under the General Insurance Business (Nationalisation) Act.
The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited following the RBI's cancellation of its banking licence. An Official Liquidator has been appointed to oversee the process.
The Centre has released Draft Insurance Rules, 2026 to replace the Insurance Rules, 1939. The proposed framework introduces reforms on transparency, governance, agent regulation, insurer oversight and premium payment norms.
RBI has released the draft Foreign Investment Rules, 2026 to replace the NDI Rules, 2019. The proposed framework aims to simplify FEMA regulations, align with FDI policy, reduce compliance burden, and enhance ease of doing business.
Government and RBI strengthen India's fintech ecosystem with AI-based fraud detection, DPDP Act safeguards, enhanced payment security, and stronger consumer protection measures.
UPI crossed 55.49 crore onboarded users by June 2026, with FY 2025-26 transactions reaching 24,161.69 crore in volume and Rs 314.23 lakh crore in value.
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