Prompt Corrective Action framework places public sector banks under enhanced supervision to restore financial health.
Prompt Corrective Action (PCA) framework implements an enhanced supervisory regime for banks breaching thresholds in capital, asset quality (net Non-Performing Assets ratio) and profitability, requiring timely corrective measures to conserve capital, curb riskier activities, improve operational efficiency and restore financial health, while not constraining normal public banking operations; RBI has applied the PCA framework to specified public sector banks identified as breaching those thresholds.

Insolvency resolution under the IBC requires banks to file when resolution plans fail, prompting time bound stressed asset action.
One Time Settlement schemes are Board approved negotiated settlement mechanisms for NPAs in targeted sectors, operating within banks' loan recovery policies. The Insolvency and Bankruptcy Code and amendments to the Banking Regulation Act empower time bound resolution of high value stressed assets, with RBI directions requiring insolvency filings where resolution plans are not implemented within the prescribed period. Recovery continues under the SARFAESI framework and Debts Recovery Tribunals, while PSB reforms mandate strengthened lending and recovery governance.

Reference rate for US Dollar set by central bank updates rupee exchange benchmarks and informs SDR Rupee calculation.
The central bank published the reference rate for the US Dollar as the official rupee benchmark for the date, provided the prior day's figure for comparison, and supplied derived exchange rates for the Euro, Pound Sterling and Japanese Yen calculated from the Dollar reference and cross currency middle rates; it also states the SDR Rupee rate will be based on this reference rate.

Reference rate for US dollar anchors rupee cross currency exchange rates and determines SDR rupee linkage.
The Reserve Bank of India published a daily reference rate for the US dollar which anchors the calculation of rupee exchange rates for other currencies using middle cross currency quotes; the SDR Rupee rate will be derived from this reference rate framework.

Ownership-neutral regulation: level playing field for bank supervision to strengthen regulatory discipline and resolve stressed assets promptly.
The note explains that statutory exemptions in banking statutes limit the Reserve Bank of India's authority over public sector banks-restricting removal of directors and management, board supersession, license revocation, merger and liquidation powers-creating a dual regulatory regime that weakens regulatory discipline. It argues legislative reform to make banking regulatory powers fully ownership neutral is necessary to restore supervisory parity, strengthen deterrence against fraud, and support timely, time-bound resolution of stressed assets through a framework that relies on the Insolvency and Bankruptcy regime.

Reference rate for the US dollar set, determining rupee exchange rates for major currencies and the SDR rupee conversion.
The Reserve Bank set the Reference Rate for the US dollar and, using middle cross currency rates, published derived rupee exchange rates for the euro, pound sterling and Japanese yen; it further specified that the SDR Rupee rate will be based on the published reference rate.

Strengthening SWIFT security: mandatory bank controls and active regulator monitoring to prevent operational and fraud risk.
Banks must implement strengthened SWIFT security and operational controls with compliance overseen by the Compliance Officer and regulator monitoring through inspections and enforcement. Prescribed measures were mandated within deadlines and an Expert Committee was formed to investigate fraud causes and recommend IT and audit interventions. Regulatory preventive measures include designation of red-flagged accounts, an online Central Fraud Registry, caution advices, re-verification of title deeds for large exposures, master circulars, mandatory audit and Board-level reporting, and supervisory review under a Risk Based Supervisory framework.

Reduction of non maintenance savings account charges lowers customer fees and allows free conversion to basic savings accounts.
The State Bank of India reduced penalties for non maintenance of an average monthly balance in savings accounts, lowering monthly charges across metro, urban, semi urban and rural categories effective April 1; customers may convert free of charge to a Basic Savings Bank Deposit account to avoid AMB requirements, and existing exemptions for specified account classes remain intact.

Reference Rate for US Dollar set by RBI, informing cross-currency rupee rates and SDR Rupee calculation.
The Reserve Bank of India published the Reference Rate for the US Dollar and, using that rate with cross-currency middle rates, computed and published exchange rates for the Euro, Pound Sterling and Japanese Yen against the rupee; the SDR Rupee rate is stated to be based on the published reference rate.

Inter-agency cooperation for insolvency code: MoU enables information and resource sharing to support timely insolvency resolution.
A memorandum of understanding establishes cooperation between the insolvency regulator and the banking regulator to support effective implementation of the insolvency framework through information sharing and resource sharing subject to legal limitations, periodic meetings on regulatory and enforcement matters, joint research and data analysis, cross-training of staff, capacity building for insolvency professionals and financial creditors, and joint awareness efforts to promote timely insolvency resolution within each party's statutory mandate.

Reference rate for US Dollar updates rupee cross currency exchange rates and governs SDR Rupee computation in press release.
The announcement publishes the Reference Rate for the US Dollar for March 12, 2018 and, using that rate with middle cross currency quotes, provides the exchange rates of the euro, pound sterling and Japanese yen against the rupee for the stated dates. It further states that the SDR Rupee rate will be based on the announced reference rate.

Zero liability for unauthorised electronic transactions protects customers when bank or system deficiencies meet prescribed conditions.
A centralised registry compiles bank-reported ATM/debit-card and internet-banking frauds while outcomes of law-enforcement investigations are not centrally maintained. Banks must report frauds to law enforcement and comply with a Cyber Security Framework and prepaid-instrument instructions. Customer protection includes a zero liability regime for unauthorised electronic transactions subject to conditions and timely notification, and customers may seek redress under the Banking Ombudsman for non-compliance with electronic-banking instructions.

Interest subvention scheme lowers short term crop loan costs and incentivises prompt repayment for farmers.
Priority sector lending requires banks to direct a prescribed share of advances to agriculture with a sub-target for small and marginal farmers; regulators have waived margin and security norms and eased documentation to widen institutional credit, promoted Joint Liability Groups, and prescribed relief measures for calamity affected areas. An interest subvention scheme lowers effective short term crop loan rates and supplements prompt repayment incentives, while the Kisan Credit Card and Flexi KCC provide simplified, ATM enabled working capital and consumption finance; post demonetisation administrative measures included grace periods, targeted interest waivers for cooperative bank borrowers and refinance to cooperatives for on lending.

Reference exchange rate published for the US dollar, with derived euro, pound and yen rupee rates and SDR linkage.
The Reserve Bank published the US dollar reference exchange rate and corresponding rupee rates for the euro, pound sterling and Japanese yen, comparing consecutive day movements, and stated that the SDR Rupee rate will be based on the published reference rate.

Reference rate for US Dollar updated, determining cross currency rupee rates and serving as basis for SDR rupee conversion.
Publication of the daily Reference Rate for the US Dollar and the previous day's figure, with derived euro, pound sterling and yen rupee rates computed from the US Dollar reference rate and middle cross currency quotes; the SDR Rupee rate is stated to be based on the published reference rate.

Reference rate for US Dollar published; cross currency middle rates determine EUR, GBP, JPY exchange rates and SDR Rupee basis.
Publication of the Reserve Bank of India's Reference Rate for the US Dollar establishes the official rupee benchmark; using that USD reference and cross currency middle rates the Bank derives exchange rates for EUR, GBP and JPY, and specifies that the SDR Rupee rate will be based on the published reference rate.

Reference Rate for US Dollar updated; cross currency exchange rates and SDR Rupee linkage adjusted following previous day rate update.
The document publishes the Reference Rate for the US Dollar on March 6, 2018 and the prior day, and, based on that reference rate and middle cross currency quotes, provides the exchange rates of the Euro, British Pound and Japanese Yen against the Rupee. It further states the SDR Rupee rate will be based on the published reference rate.

Bank governance reforms accelerate after fraud exposes weak controls, prompting tougher regulation and capital support.
The fraud reveals systemic weaknesses in internal controls and risk monitoring, prompting urgent reform of public-sector banks: tighter regulatory standards, improved recognition of stressed assets, accelerated resolution via the bankruptcy code and stricter recovery timelines, and substantial government capital injections to restore regulatory capital, alongside strengthened governance, risk-management, and internal controls to stabilise the sector's credit outlook.

Reference rate for US dollar updated, cross currency exchange rates adjusted and SDR Rupee rate tied to that reference.
Publication of the Reference Rate for the US dollar and derived cross currency exchange rates: the US dollar reference rate is set at Rs. 65.0530 on March 5, 2018, with corresponding prior day comparison; using that reference and cross currency middle rates the rupee exchange rates for the euro, pound sterling and Japanese yen are provided, and the SDR Rupee rate will be based on this published reference.

Reference exchange rate publication: US dollar rate set, influencing cross-currency rupee rates and SDR-rupee linkage.
The Reserve Bank of India published a reference exchange rate for the US dollar on March 1, 2018, and, using that reference rate with cross-currency middle rates, supplied corresponding rupee exchange rates for the euro, pound sterling and Japanese yen; the SDR-rupee rate is to be based on the published reference rate.