New Delhi, April 22 -- Banks and financial institutions promoting online money gaming activity or providing financial transactions for such activity will also be guilty of an offence under the regulatory framework coming into effect next month, said S. Krishnan, Secretary, Ministry of Electronics & IT (MeitY), speaking to ANI.

The MeitY has notified the rules for the promotion and regulation of online games, which are set to become operational from May 1, 2026. This development marks the full implementation of the Online Gaming Act enacted in late 2025.

Krishnan detailed the specific compliance obligations now resting on the financial sector. He noted that the role of banks and financial institutions has been clearly outlined regarding ...