RESERVE BANK OF INDIA (LOCAL AREA BANKS - GOVERNANCE) AMENDMENT DIRECTIONS, 2026

MUMBAI, India, July 14 -- Reserve Bank of India issued the following notification:

RBI/2026-27/180

DOR.HGG.GOV.153/29.67.001/2026-27

July 14, 2026

Reserve Bank of India (Local Area Banks - Governance) Amendment Directions, 2026

Please refer to the Reserve Bank of India (Local Area Banks - Governance) Directions, 2025 (hereinafter referred to as 'Directions').

2.In an endeavour to enable bank Boards to utilize their time effectively and to facilitate a more focused and qualitative engagement on strategy and risk governance, it has been decided to undertake a review to rationalize the extant RBI directions/circulars on the matters required to be placed before the Board. Accordingly, in exercise of the powers conferred by Section 35A of...