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        Case ID :

        RBI invites comments on Harmonisation and Consolidation of Instructions on Control / Assurance Functions

        June 11, 2026

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        Reserve Bank of India has today issued the following draft Amendment Directions for public comments:

        1. Reserve Bank of India (Commercial Banks – Governance) Second Amendment Directions, 2026

        2. Reserve Bank of India (Small Finance Banks – Governance) Second  Amendment Directions, 2026

        3. Reserve Bank of India (Payments Banks – Governance) Second Amendment Directions, 2026

        4. Reserve Bank of India (Local Area Banks – Governance) Second  Amendment Directions, 2026

        5. Reserve Bank of India (Regional Rural Banks – Governance) Amendment Directions, 2026

        6. Reserve Bank of India (All India Financial Institutions – Miscellaneous) Amendment Directions, 2026

        7. Reserve Bank of India (Urban Co-operative Banks – Governance) Second Amendment Directions, 2026

        8. Reserve Bank of India (Rural Co-operative Banks – Governance) Second Amendment Directions, 2026

        9. Reserve Bank of India (Non-Banking Financial Companies – Governance) Amendment Directions, 2026

        10. Reserve Bank of India (Credit Information Companies) Amendment Directions, 2026

        11. Reserve Bank of India (Asset Reconstruction Companies) Second Amendment Directions, 2026

        2. The comments / feedback on the draft Amendment Directions may be submitted by the regulated entities and members of public / other stakeholders on or before July 9, 2026 through the following channels:

        i) the ‘Connect 2 Regulate’ section on the website by following the corresponding hyperlink provided against each document in the page where they are hosted; or

        ii) by email (with the subject line 'Feedback on [full name of the draft Amendment Directions (including the type of Regulated Entity)], as under:

        Regulated EntityEmail
        Commercial Banks, Small Finance Banks, Payments Banks, Local Area Banks, Regional Rural Banks and All India Financial Institutionsemail
        Urban Co-operative Banks, Rural Co-operative Banks, Non-Banking Financial Companies, Credit Information Companies and Asset Reconstruction Companiesemail

        (Brij Raj)           
        Chief General Manager

        Control and assurance functions harmonisation through draft RBI governance amendments invites stakeholder comments across regulated entities. Reserve Bank of India has issued draft Amendment Directions for public comments to harmonise and consolidate instructions on control and assurance functions across multiple categories of regulated entities, including banks, co-operative banks, non-banking financial companies, credit information companies and asset reconstruction companies. The draft directions comprise governance-related and miscellaneous amendments intended to align the applicable regulatory framework across these entities. Comments and feedback may be submitted through the Connect 2 Regulate portal or by email using the prescribed subject-line format for the relevant category of regulated entity.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Control and assurance functions harmonisation through draft RBI governance amendments invites stakeholder comments across regulated entities.

                                Reserve Bank of India has issued draft Amendment Directions for public comments to harmonise and consolidate instructions on control and assurance functions across multiple categories of regulated entities, including banks, co-operative banks, non-banking financial companies, credit information companies and asset reconstruction companies. The draft directions comprise governance-related and miscellaneous amendments intended to align the applicable regulatory framework across these entities. Comments and feedback may be submitted through the Connect 2 Regulate portal or by email using the prescribed subject-line format for the relevant category of regulated entity.





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                                ActsIncome Tax
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