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Recent Current Affairs related to RBI

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20 April 2026 BANKING

The RBI has issued the “RBI (Non-Banking Financial Companies (NBFC) - Branch Authorisation) Amendment Directions, 2026” to enhance operational flexibility for NBFCs while ensuring regulatory oversight. The rules have come into force with immediate effect.

All applications must be submitted through the Platform for Regulatory Application, Validation And AutHorisation (PRAVAAH) portal. Under the revised norms, deposit-taking NBFCs with Net Owned Funds (NOF) up to ₹50 crore or lower credit ratings are permitted to open branches only within the state of their registered office.

15 April 2026 BANKING

CSB Bank Ltd, one of the oldest private sector banks in India, has launched its first dedicated retail savings product named “SMART SAVE ACCOUNT”.

The move aims to strengthen the liquidity of the bank and expand the retail banking portfolio of CSB through automated and customer-centric solutions.

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