Regulatory Alerts2026-07-14
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Reserve Bank of India (Payments Banks – Governance) Amendment Directions, 2026
The Amendment Directions modify the Reserve Bank of India (Payments Banks – Governance) Directions, 2025, by deleting and reinserting Paragraph 23 of Chapter V to define Board oversight on risk management, related entity exposures, and corporate governance standards. Paragraphs 17, 22, 24, 25, 26, and 27 are deleted, and the chapter title is amended to 'Matters to be placed before the Board'. New Paragraphs 27A and 27B establish that matters for Board approval, review, or information are specified in Appendices I, II A, and II B, while key principles dictate Board responsibility for strategy, risk governance, and agenda setting. These changes come into force on October 01, 2026.
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