Video: Dr. Nachiket Mor on the Report of the RBI Committee on Comprehensive Financial Services

The Draft Directions propose a Statement of Purpose (SoP) to guide the actions of Regulated Entities (RE) when responding to suspected mule activity.

Our comments to the Draft Guidance on Regulatory Expectations for Data Governance

The Draft Guidance proposes broad regulatory expectations for model risk management across the model lifecycle. It intends to strengthen governance, oversight, risk management and controls of Regulated Entities (REs) using models (including AI / ML models). In this response we present our comments to the Draft Guidance, through six recommendations

The Draft Amendments provide detailed guidance to relevant regulated entities (REs) on the loan recovery process, including mandatory certification for recovery agents, safeguards against harassment, grievance redressal mechanisms, and compensation for wrongful use of technology-based mechanisms.

In response to the public consultation, we argue that borrower over-indebtedness is a customer protection concern that must be explicitly recognised in the revised E&S Framework.

On 10 April 2026, the Reserve Bank of India released the “Draft – Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026”. The Draft Amendments provide a new methodology to classify Non-Banking Financial Companies (NBFCs) in the Upper Layer of the scale-based regulatory framework, […]