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 […]
The Regulatory Pulse with Dr. Bimlesh Sharma – Weekly Roundup
Published on 7 September 2026 1. Reserve Bank of India (RBI) Date: September 3, 2026 The RBI issued the Second Amendment Directions, 2026, amending investment frameworks for Urban Co-operative Banks (UCBs) to permit equity investments in the Indian Digital Payment Intelligence Corporation (IDPIC). IDPIC serves as the nation’s central digital payment fraud intelligence platform. Additionally, […]