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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

RBI issues Reserve Bank of India (Local Area Banks – Miscellaneous) Supervisory Directions, 2026

31-Jul-2026 | RBI/DoS/2026-27/450 DoS.CO.PPG.44/11.01.005/2026-27

RBI has issued Reserve Bank of India (Local Area Banks – Miscellaneous) Supervisory Directions, 2026 with effect from 31st July, 2026 key highlights are as follows: 1. These Directions shall be applicable to Local Area Banks (Banks) 2. The bank shall review its loan disbursal, interest application, charges, and EMI practices to ensure fairness and transparency, and implement necessary corrective and system-level changes to address unfair practices. 3. The bank shall take necessary steps to reduce inoperative accounts and pending KYC updates by enabling smooth and hassle-free KYC updation through mobile/internet banking, non-home branches, and Video Customer Identification Process, in accordance with the applicable RBI Directions. 4. The bank may also facilitate Aadhaar updation for its customers through its branches providing Aadhaar related services. 5. The bank shall exercise safeguards like maintenance of proper records, dual control, periodical balancing of books / verification, submission of control returns, and ensure their observations. For more information, please refer the attached pdf.

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Recent Posts in Corporate Laws

Corporate Laws

RBI issues RBI (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026

07-Oct-2026 | RBI/2026-27/289 DOR.MRG.REC.No.245/21-01-002/2026-27

RBI has issued the RBI (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Fifth Amendment Directions,

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Corporate Laws

RBI issues RBI (Payments Banks – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026

07-Oct-2026 | RBI/2026-27/288 DOR.MRG.REC.No.244/00-00-001/2026-27

RBI has issued RBI (Payments Banks – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026. Through this amendment,

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Corporate Laws

RBI issues RBI (Small Finance Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026

07-Oct-2026 | RBI/2026-27/287 DOR.MRG.REC.No.243/00-00-001/2026-27

RBI has issued the RBI (Small Finance Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026. Through this a

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Corporate Laws

RBI issues RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Twelfth Amendment Directions, 2026

07-Oct-2026 | RBI/2026-27/286 DOR.MRG.REC.No.242/00-00-001/2026-27

RBI has issued the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Twelfth Amendment Directions, 2026. Through this a

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Labour Laws

Rajasthan Labour Department issues corrigendum on appointment of Labour Inspectors as Inspector-Cum-Facilitator

05-Oct-2026 | No. F.14(1) (1) Labour/Law/67-Part-III/00294

The Rajasthan Labour Department has issued a corrigendum to its notification dated July 1, 2026 regarding the appointment of Labour Inspecto

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Labour Laws

Rajasthan Labour Department issues corrigendum on appointment of Labour Inspectors as Inspector-Cum-Facilitator

05-Oct-2026 | No. F.14(1) (1) Labour/Law/67-Part-III/00294

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Special Allowance Rates under the Minimum Wages Act, 1948 for Scheduled Employments, Effective from 1 October 2025 to 31 March 2026

05-Oct-2026 | Sh.A.S/T.3/2025/ 503 to 524

The Office of the Labour Commissioner, Gujarat State, Gandhinagar has issued a notification regarding the daily rates of special allowance p

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