The draft Directions introduce a six-year composite KCC facility covering crop, allied, and investment credit. Drawing limits are linked to the Scale of Finance with structured percentage add-ons.
The new framework removes prior approval requirements while strengthening conduct and disclosure obligations. Customer protection norms are consolidated under Responsible Business Conduct Directions.
The RBI has consolidated KCC guidelines under new 2026 Master Directions, introducing a six-year composite credit structure. Drawing limits are aligned with Scale of Finance and include additional components for technology and maintenance.
The draft amendment requires Rural Co-operative Banks to undertake insurance business strictly on a fee basis without risk participation. Compliance with Responsible Business Conduct and IRDAI norms is mandatory.
RBI has proposed amendments requiring Urban Co-operative Banks to conduct mutual fund and insurance business strictly on a fee basis without risk participation. Compliance with SEBI, IRDAI, and Responsible Business Conduct norms is mandatory. The changes strengthen transparency and customer protection.
The draft directions permit RRBs to market mutual funds and insurance products on a fee basis without risk participation, subject to SEBI and IRDAI compliance.
The draft directions allow Payments Banks to deal only in regulated financial products under agency arrangements and mandate compliance with responsible conduct norms.
RBI has proposed amendments allowing Small Finance Banks to deal only in regulated financial products under agency arrangements. Referral income is limited to a one-time fee.
RBI has proposed amendments restricting banks to regulated financial products and mandating fee-based, no-risk agency arrangements. Referral services must remain purely advisory with strict disclosures.
Net direct tax collections grew 9.40% as of 10 February 2026 compared to last year. Lower refunds and steady corporate and non-corporate tax inflows supported the rise.
