Recovery agent engagement standards: banks must ensure due diligence, authorised identification, training, grievance redressal and legal repossession compliance.
Reserve Bank prescribes that banks implement due diligence on recovery agencies and individual agents (including antecedent verification), disclose agency identity and contact details to borrowers, ensure agents carry bank authorization and identity documents, record telephonic communications, maintain grievance redressal mechanisms and refrain from forwarding accounts while legitimate complaints are pending. Contracts must not incentivise intimidatory conduct; agents should receive standardised training and certification; repossession clauses must be legally valid and comply with statutory enforcement procedures; and Reserve Bank may impose bans or supervisory sanctions for abusive practices.

Commemorative coin issuance: non-circulating high-denomination coin and circulating low-denomination coin released via central bank for collectors
Government authorised two commemorative coins with specified metal compositions and distinct circulation statuses: the higher-denomination coin is designated non-circulating, while the lower-denomination coin is placed into general circulation via the Reserve Bank of India; collector sets combining both coins will be sold by the India Government Mint.

Mandatory electronic tax payment required; banks instructed to implement the government notification via central bank directions.
Mandatory electronic payment of tax is required for specified categories of taxpayers effective 1.4.2008; the Central Government notified the requirement and the central bank issued directions to banks to implement the notification and facilitate electronic tax remittance by affected taxpayers.

Monetary tightening likely as wholesale inflation surge driven by food and manufactured price rises pressures policy response.
Monetary tightening may be prompted by a sharp rise in wholesale price-based inflation to 7.41% for the week ended March 29, driven mainly by week-on-week increases in fruits and vegetables, pulses, cereals, condiments and spices and selected manufactured items. Specific item movements include rises in fruits and vegetables, pulses, wheat, marine fish, certain minerals and sugar, while milk, maize and some imported edible oils softened. The inflation surge, despite a high year-earlier base, is likely to influence the Reserve Bank's upcoming annual credit policy to restrain inflationary pressure.