The RBI’s 2025 amendment defines agency and referral services for Payments Banks, ensuring compliance and operational clarity in third-party financial product arrangements.
The RBI mandates that NBFCs within bank groups must follow commercial bank financial service guidelines for overlapping activities. The update ensures uniform regulation and avoids regulatory arbitrage.
The RBI amends provisions governing Non-Operative Financial Holding Companies, clarifying which activities belong within the bank and which must be undertaken through subsidiaries. The ruling reinforces restrictions on activities not permitted to banks.
RBI reduces Bank Rate to 5.50% and repo rate under LAF to 5.25%, lowering penal interest on CRR/SLR shortfalls and easing liquidity for banks and primary dealers.
RBI’s 2025 amendment mandates expanded free facilities, clearer withdrawal rules, and stronger customer rights for BSBD accounts. Banks must provide essential services without minimum balance requirements.
RBI’s 2025 amendment mandates uniform, customer-friendly BSBD facilities in SFBs, including free ATM cards, cheque books, and digital banking without minimum balance requirements.
RBI revises BSBD norms for Payments Banks, mandating free essential services, flexible withdrawals, and no minimum balance requirements to enhance financial inclusion.
RBI mandates LABs to offer free BSBD services with ATM cards, cheque books, digital banking, and no minimum balance, enhancing financial inclusion.
RBI mandates RRBs to offer free BSBD services with ATM cards, cheque books, digital banking, and no minimum balance, enhancing financial inclusion.
RBI mandates UCBs to offer free BSBD services with ATM cards, cheque books, digital banking, and no minimum balance, boosting financial inclusion.
