RBI Circular – Migration to ‘.bank.in’ domain
All banks are advised to commence the migration of their existing domains to the ‘.bank.in’ domain and complete the process at the earliest and in any case, not later than October 31, 2025.
RBI clarification on deposit accounts of minors
Minors of any age may be allowed to open and operate savings and term deposit accounts through his/ her natural or legal guardian. They may also be allowed to open such accounts with mother as guardian..
Amendments to Liquidity Coverage Ratio (LCR) Framework
Final guidelines also rationalise the composition of wholesale funding from ‘other legal entities’.
Coaching centres to strictly adhere to Consumer Protection Act
Guidelines prohibit coaching centres from making false or misleading claims/advertisements to promote their services and from engaging in deceptive or unfair practices.
Master Direction – Deposits and Accounts
The present amendment in this Master Direction is aimed at consolidating the directions pertaining to Vostro accounts of non-resident banks.
Banking Laws Amendment Act 2025
The amendment provides that the State Bank shall transfer to the Investor Education and Protection Fund any money which remains unpaid or unclaimed for a period of seven years from the date of its transfer in the Unpaid Dividend Account
Guidelines for Implementation of Countercyclical Capital Buffer (CCCB)
Introduced under the Basel III framework, CCCB aims to protect the banking sector and the broader economy from systemic risks arising due to cyclical economic trends.
RBI issues draft Directions on the regulatory measures announced in SDRP
The comments on the draft Directions are invited from public/stakeholders till May 12, 2025.
Regulatory Sandbox – Theme Neutral ‘On Tap’ application facility
Entities interested may submit their application along with supporting documents (not exceeding 10 MB in total size) via email.
RBI PRAVAAH portal for Processing Regulatory Authorisations
RBI has launched PRAVAAH (Platform for Regulatory Application, Validation And Authorisation) portal on May 28, 2024 to streamline online applications for regulatory authorisations.
