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

Source: Reserve Bank of India

Category: Digital Lending

Published: Fri, 31 Jul 2026 16:00:00

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