The Regulatory Pulse with Dr. Bimlesh Sharma – Weekly Compliance Roundup
Published on 15 September 2026 Reserve Bank of India (RBI) Draft KYC Amendment Directions, 2026 (Money Mule Accounts SOP) Update: RBI released draft directions proposing a standardized Standard Operating Procedure (SOP) for commercial and cooperative banks to address cyber-fraud and money mule accounts. The Bottom line: Under the proposed framework, banks can place a temporary […]