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Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 05 Entries:

RBI

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 05 Entries:

RBI/2026-27/222 DOR.AML.REC.192/14.06.001/2026-27 July 31, 2026 The Chairpersons/ CEOs of the Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 05 Entries: Please refer to Chapter IX on “Requirements/obligations under International Agreements - Communications from International Agencies” of the Reserve Bank of India - Know Your Customer, Directions, 2025 dated November 28, 2025 (amended as on December 29, 2025) (“Directions”), as applicable, as per which, regulated entity shall ensure that in terms of section 51A of the Unlawful Activities (Prevention) (UAPA) Act, 1967 and amendments thereto, it does not have any account in the name of individuals / entities appearing in the lists of individuals and entities, suspected of having terrorist links, which are approved by and periodically circulated by the United Nations Security Council (UN

Reserve Bank of India📅 31 Jul 2026

RBI

Reserve Bank of India (Commercial Banks – Statutory Audit) Directions, 2026

RBI/DoS/2026-27/414 DoS.CO.ARG.8/08.91.001/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks – Statutory Audit) Directions, 2026 Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Governance and Oversight A. Role of the Board and Senior Management Chapter III - Guidelines for Appointment A. Number of Statutory Central Auditors / Statutory Auditors and Branch Coverage B. Eligibility Criteria of Auditors C. Independence of Auditors D. Professional Standards E. Tenure and Rotation F. Audit Fees and Expenses G. Appointment Procedure H. Appointment of Statutory Auditors for Overseas Branch(es) Chapter IV – Long Form Audit Report A. Procedure and Timelines B. Long Form Audit Report by the Statutory Central Auditors B.1 Objectives, Strategy, Scope, and Coverage B.2 Indicative Coverage C. Long Form Audit Report by the Statutory Branch Auditors Chapter V - Repeal and Other Provisions A. Repeal and Saving B. Application of Other Laws Not Barred C. Interpretations Annex I Annex II Annex III Annex IV Annex V In exercise of powers conferred by Section 30(1A) of the Banking Regulation Act, 1949, Section 1

Reserve Bank of India📅 31 Jul 2026

RBI

Reserve Bank of India (Commercial Banks - Internal Audit Function) Directions, 2026

RBI/DoS/2026-27/413 DoS.CO.PPG.7/11.01.005/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks - Internal Audit Function) Directions, 2026 Table of Contents Introduction Chapter I - Preliminary A. Short Title and Commencement B. Applicability Chapter II - Governance and Oversight A. Role of the Board B. Role of the Senior Management Chapter III - Risk-Based Internal Audit Framework A. Policy on Internal Audit B. Functional Independence C. Risk Assessment D. Scope E. Communication F. Performance Evaluation G. Outsourcing Chapter IV - Head of Internal Audit A. Authority, Stature, and Independence B. Tenure C. Reporting Line Chapter V - Repeal and Other Provisions A. Repeal and Saving B. Application of Other Laws Not barred C. Interpretations Introduction A sound Internal Audit function is an integral component of a bank’s internal control and risk management framework. In view of the limitations of a transaction-centric audit approach, the banks are required to adopt Risk Based Internal Audit (RBIA), which places emphasis on the assessment of risk management systems and internal controls, in addition to selective transaction testing, in alignment with evolving governa

Reserve Bank of India📅 31 Jul 2026

RBI

Reserve Bank of India (Commercial Banks – Fraud Risk Management) Directions, 2026

RBI/DoS/2026-27/412 DoS.CO.FMG.6/23.04.001/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks – Fraud Risk Management) Directions, 2026 Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Governance and Oversight A. Governance Structure for Fraud Risk Management Chapter III – Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts A. Governance Structure B. EWS / RFA Framework for Credit Facilities / Loan Accounts C. EWS Framework for Other Banking / Non-Credit Related Transactions Chapter IV - General Instructions A. Credit facility / Loan account classified as Red-flagged Account and Reporting of Fraud B. Independent Confirmation from Third-party Service Providers including Professionals C. Staff Accountability D. Penal Measures E. Treatment of Accounts under Resolution Chapter V - Reporting of Frauds to Law Enforcement Agencies Chapter VI - Reporting to Reserve Bank of India A. Reporting of Incidents of Fraud B. Central Fraud Registry C. Modalities of Reporting Incidents of Fraud D. Closure of Fraud Cases Reported Chapter VII - Cheque Related Frauds - Re

Reserve Bank of India📅 31 Jul 2026

RBI

Reserve Bank of India (Commercial Banks – Digital Payment Security Controls) Directions, 2026

RBI/DoS/2026-27/411 DoS.CO.CSITEG.5/31.01.015/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks – Digital Payment Security Controls) Directions, 2026 Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Role of the Board A. Board Approved Policies Chapter III - General Controls A. Governance and Management of Security Risks B. Other Generic Security Controls C. Application Security Life Cycle D. Authentication Framework E. Fraud Risk Management F. Reconciliation Mechanism G. Customer Protection, Awareness and Grievance Redressal Mechanism Chapter IV - Internet Banking Security Controls Chapter V - Mobile Payments Application Security Controls Chapter VI - Card Payment Security Controls Chapter VII - Repeal and Other Provisions A. Repeal and Saving B. Application of Other Laws Not barred C. Interpretations In exercise of the powers conferred by extant provisions of the Banking Regulation Act, 1949, Chapter IV of Payment and Settlement Systems Act, 2007, and all other provisions / laws enabling the Reserve Bank of India (‘RBI’) in this regard, RBI being satisfied that it is necessary and e

Reserve Bank of India📅 31 Jul 2026

RBI

Reserve Bank of India (Commercial Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026

RBI/DoS/2026-27/410 DoS.CO.CSITEG.4/31.01.015/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026 Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Role of the Board A. Board Approved Policies B. Board Level Committees Chapter III – Information Technology Governance and Oversight A. IT Governance Framework B. Information Security Policy and Cybersecurity Policy C. IT Strategy Committee of the Board D. Senior Management and IT Steering Committee E. Information Security Committee F. Head of IT Function G. Chief Information Security Officer H. Information Technology Project Management I. IT Architecture J. IT Services Management Chapter IV - IT and Information Security Risk Management A. Periodic Review of IT related Risks B. IT and Information Security Risk Management Framework C. Risk Identification, Assessment, and Documentation Chapter V - Baseline Cybersecurity and Resilience Requirements A. Inventory Management of Information Assets B. Data Leak Prevention Strategy C. Data Migration Controls D. Preventi

Reserve Bank of India📅 31 Jul 2026

RBI

Reserve Bank of India (Commercial Banks – Concurrent Audit) Directions, 2026

RBI/DoS/2026-27/409 DoS.CO.ARG.3/08.91.021/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks – Concurrent Audit) Directions, 2026 Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Governance and Oversight A. Role of the Board and Senior Management Chapter III - Guidelines for Concurrent Audit A. Coverage B. Appointment of Concurrent Auditors C. Accountability D. Tenure E. Remuneration F. Reporting System Chapter IV - Repeal and Other Provisions A. Repeal and Saving B. Application of Other Laws Not barred C. Interpretations Introduction Concurrent audit aims at shortening the interval between a transaction and its independent examination. It is, therefore, integral to the establishment of sound internal accounting functions and effective controls and is regarded as part of a bank's early warning system to ensure timely detection of serious errors and irregularities, which also helps in averting fraudulent transactions and preventive vigilance in the bank. In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, and all other provisions / laws enabling the Reserve Ban

Reserve Bank of India📅 31 Jul 2026

RBI

Reserve Bank of India (Commercial Banks - Compliance Function) Directions, 2026

RBI/DoS/2026-27/408 DoS.CO.PPG.2/11.01.005/2026-27 July 31, 2026 Reserve Bank of India (Commercial Banks - Compliance Function) Directions, 2026 Table of Contents Introduction Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Governance and Oversight A. Role of the Board B. Role of the Senior Management C. Compliance Policy Chapter III - Scope, Structure and Responsibilities A. Scope B. Group-wide Compliance C. Structure D. Staffing E. Roles and Responsibilities F. Compliance Culture G. Quality Assurance and Internal Audit Chapter IV - Chief Compliance Officer A. Appointment B. Authority, Stature, and Independence C. Reporting Requirements D. Roles and Responsibilities Chapter V - Use of Technology for Monitoring Chapter VI - Repeal and Other Provisions A. Repeal and Saving B. Application of Other Laws Not barred C. Interpretations Introduction Compliance function is a key element of a bank’s corporate governance framework and an integral part of assurance, alongside internal audit and risk management processes. The principles governing the Compliance function are aligned with the Basel Committee on Banking Supervision framew

Reserve Bank of India📅 31 Jul 2026

RBI

Consolidation of Supervisory Instructions – Repeal of Circulars

RBI/DoS/2026-27/221 DoS.CO.PPG.66/11.01.005/2026-27 July 31, 2026 Consolidation of Supervisory Instructions – Repeal of Circulars Please refer to the press release issued on July 31, 2026 announcing the release of 64 Consolidated Directions administered by the Department of Supervision (DoS) of the Reserve Bank of India. 2. These Directions encompass all instructions issued by DoS as well as the erstwhile Departments whose supervisory functions have been merged into DoS, either partly or fully. Further, the extant instructions considered obsolete have been excluded from the consolidated Directions as they are no longer relevant. 3. Accordingly, the 628 circulars listed in the Annex , comprising those whose instructions have been consolidated into these Directions, as well as those which have become obsolete or redundant, are hereby repealed by the Reserve Bank with immediate effect. 4. Notwithstanding such repeal, any action taken or purported to have been taken, or initiated under the repealed Directions, instructions, or guidelines shall continue to be governed by the provisions thereof. (Monisha Chakraborty) Chief General Manager-in-Charge

Reserve Bank of India📅 31 Jul 2026

RBI

Fake Indian Currency Notes (FICNs)-Detection, Reporting and Monitoring

RBI/2026-27/220 DCM (FNVD) No.S1335/16.01.05/2026-27 July 31, 2026 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam/ Dear Sir, Fake Indian Currency Notes (FICNs)-Detection, Reporting and Monitoring Master Direction (MD) on Counterfeit Notes – Detection, Reporting and Monitoring dated April 01, 2026 , prescribes comprehensive instructions to the banks on detection, reporting, and monitoring of counterfeit notes. In this regard, the banks are mandated to train all their employees handling cash about the security features of genuine banknotes to enable them for detecting counterfeit notes. All banknotes received by the bank shall be examined for authenticity through machines, counterfeit notes should be impounded in all cases and in no case the counterfeit note shall be returned to tenderer or destroyed at the bank. All detected FICNs should be reported, as per prescribed guidelines. The bank shall be penalized for breach of the guidelines of the referred MD, such as detection of counterfeit notes in currency remittances to RBI/ currency chest balances/ ATM dispensations/ over-the-counter payments, non-impounding of counterfeit notes, etc. 2. However, an

Reserve Bank of India📅 31 Jul 2026

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