| 1 |
23-Jul-2025 |
IRDAI |
Draft IRDAI (Internal Insurance Ombudsman) Guidelines, 2025
The 2025 Draft IRDAI Internal Insurance Ombudsman Guidelines aim to enhance policyholder trust by mandating insurers appoint independent ombudsmen to resolve complaints efficiently, transparently, and fairly within defined timelines. |
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| 2 |
22-Jul-2025 |
RBI |
Financial Inclusion Index for March 2025
The value of FIIndex for March 2025 stands at 67.0 vis-à-vis 64.2 in March 2024 |
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| 3 |
21-Jul-2025 |
RBI |
Digital Banking Channels Authorisation Directions, 2025 - Draft
RBI mandates prior approval, strong IT controls, customer consent, and risk management for banks offering digital banking channel services |
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| 4 |
10-Jul-2025 |
NPCI |
Addendum to operating circular for pre-sanctioned credit lines at Banks through UPI
NPCI\'s Circular UPI OC No. 171‑A (FY 2025–26), issued July 10, 2025, expands on OC‑171 by setting formal guidelines for using pre‑sanctioned credit lines via UPI. It requires banks to clearly define terms, ensure credit is used only for approved purposes, and approve or decline UPI‑initiated transactions accordingly |
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| 5 |
08-Jul-2025 |
NPCI |
Introduction of \"UPI Circle\" - Delegated Payments for secondary users
NPCI’s Circular OC 201-A (July 2025) adds stricter norms for full delegation in UPI Circle. Primary users must share ID details of secondary users (family or staff) and give explicit consent. Banks must verify identity through name, mobile, and KYC. Effective August 31, 2025. |
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| 6 |
04-Jul-2025 |
UIDAI |
UIDAI records milestone in June 2025
UIDAI recorded a landmark 229.33 crore Aadhaar authentication transactions in June 2025, marking a 7.8% year‑on‑year increase and bringing the total since inception to over 15,452 crore. AI‑based face authentication hit a monthly peak of 15.87 crore, while e‑KYC transactions crossed 39 crore, reflecting strong digital adoption across services |
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| 7 |
03-Jul-2025 |
NPCI |
Adoption of standardized, validated and exclusive UPI IDs for payment collection by SEBI registered intermidiaries from investors through UPI
NPCI’s UPI OC No. 217 (FY 2025–26) mandates SEBI‑registered intermediaries to adopt standardized, validated, and exclusive UPI IDs for payment collection from investors. This enhances transaction authenticity, prevents misuse, and ensures secure, seamless UPI flows for regulated investment platforms |
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| 8 |
02-Jul-2025 |
RBI |
Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025
RBI’s July 2, 2025 Pre‑payment Charges on Loans Directions, 2025 prohibit regulated lenders from levying early repayment fees on floating-rate loans to individuals and specified business loans to MSEs (up to ₹50 lakh for smaller banks). Applicable from January 1, 2026, these ensure transparency, upfront disclosures, and borrower protection |
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| 9 |
30-Jun-2025 |
RBI |
Financial Stability report
The RBI’s June 2025 Financial Stability Report assesses risks to India’s financial system and affirms the resilience of banks, NBFCs, and insurers. Despite global uncertainties, the report highlights strong capital buffers and stable macroeconomic conditions supporting financial stability. |
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| 10 |
27-Jun-2025 |
RBI |
AePS – Due Diligence of AePS Touchpoint Operators
RBI\'s June 2025 directive mandates acquiring banks to conduct full KYC of AePS Touchpoint Operators, re-KYC inactive operators after 3 months, and monitor transactions using risk-based controls. Effective January 1, 2026, the move aims to curb fraud and strengthen identity verification at AePS touchpoints. |
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| 11 |
26-Jun-2025 |
NPCI |
Initiation of self attetation of members/participants for FY 2025-25
NPCI’s Product Compliance Circular 001 (FY 2025–26) mandates all members and participants complete self-attestation of compliance via the PCOMP portal for Q1. The deadline is March 31, 2026, with penalties for non-compliance, reinforcing adherence to NPCI’s guidelines. |
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| 12 |
24-Jun-2025 |
Dept of Telecom |
Telecom Cybersecurity Rules 2025: Draft Amendments for Public Feedback
The Ministry of Communications has released the draft Telecom Cybersecurity (Amendment) Rules, 2025, inviting public comments. These proposed changes aim to strengthen digital trust, introduce mobile number validation mechanisms, and enhance the security of telecom identifiers. Stakeholders are encouraged to review and share feedback within 30 days of publication. |
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| 13 |
20-Jun-2025 |
NPCI |
Modification in UPI chargeback rules and procedures
NPCI\'s Circular updates UPI chargeback rules with clearer timelines, revised reason codes, and improved dispute resolution processes. These changes aim to streamline chargebacks and are mandatory for all UPI participants. |
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| 14 |
16-Jun-2025 |
RBI |
Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2025
RBI\\\'s 2025 ETP Directions mandate authorisation, risk controls, data security, transparency, and compliance for electronic trading platforms. |
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| 15 |
16-Jun-2025 |
TRAI & RBI |
Digital Consent Management Pilot
TRAI, with RBI and banks, launches a pilot to digitize consumer consent, curbing spam and financial fraud via telecom. |
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| 16 |
12-Jun-2025 |
RBI |
Master Direction Update - Know Your Customer (KYC) Direction, 2016
The RBI’s updated Master Direction on KYC (June 12, 2025) provides comprehensive anti‑money laundering guidelines for reporting entities. It details customer identification, ongoing due diligence, video-based KYC, exception handling, and beneficial‑owner norms. It emphasizes encrypted data sharing, audit requirements, and periodic KYC updates based on risk profile |
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| 17 |
12-Jun-2025 |
RBI |
Updation/ Periodic Updation of KYC – Revised Instructions
RBI’s updated Periodic KYC Updation Framework (June 12, 2025) requires regulated entities to follow a risk-based schedule—2 years for high-risk, 8 for medium, 10 for low-risk customers. BCs can assist, low-risk deadlines extend to June 30, 2026, with three advance notices. |
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| 18 |
06-Jun-2025 |
NPCI |
Upgradation of NACH system
NPCI’s NACH OC 003 (FY 2025–26) upgrades NACH to version 3.0, debuting in July 2025. Key improvements include enhanced GUI, real‑time monitoring, stronger data security, optimized file handling, and self‑service features—while settlement formats remain unchanged |
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| 19 |
26-May-2025 |
NPCI |
Facility for cancellation of mandates to be provided to customers - Extension of time
NPCI’s Circular NACH OC 002 FY 25–26 extends the deadline for banks and corporates to implement online mandate cancellation (CASR) facilities. Originally due by February 28, 2025, the new compliance deadline is July 31, 2025. Non-compliant entities risk deactivation from ONMAGS starting August 1, 2025 |
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| 20 |
26-May-2025 |
NPCI |
Revision on Handling of Deemed Approval (Deemed Acceptance or DA) status in UPI for P2M transactionwhere Acquiring PSP and Merchant Banks
NPCI’s UPI OC No. 39‑A (May 26, 2025) clarifies that for Person‑to‑Merchant transactions where the acquiring PSP and merchant bank are the same, \"Deemed Acceptance\" (DA) will be treated as transaction success online—effective June 30, 2025. Back‑office processes and chargeback rules remain unchanged |
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| 21 |
21-May-2025 |
Dept of Telecom |
DoT Introduces \"Financial Fraud Risk Indicator (FRI)\" to strengthen Cyber Fraud Prevention
The Department of Telecommunications (DoT) has introduced the Financial Fraud Risk Indicator (FRI) as part of its Digital Intelligence Platform. FRI classifies mobile numbers by fraud risk—Medium, High, or Very High—using data from cybercrime portals, telecom logs, and banks. Shared instantly with banks and UPI providers, FRI enables proactive transaction checks and fraud prevention |
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| 22 |
21-May-2025 |
NPCI |
Guidelines on UPI API
NPCI’s UPI OC No. 215‑A (May 2025) issues guidelines to cap and monitor UPI API use, enforcing per‑user limits on balance inquiries (50/day), linked‑account fetches (25/day), and autopay executions outside peak hours. PSPs must audit systems, submit compliance by July 31, and face penalties for violations |
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| 23 |
19-May-2025 |
UIDAI |
UIDAI shares non-personal Aadhaar Dashboard Data to promote transparency and research
UIDAI has launched a large-scale initiative to deactivate Aadhaar numbers of deceased individuals, collaborating with the Registrar General of India to access 1.55 crore death records. After rigorous validation, approximately 1.17 crore IDs have been deactivated. A new \"Report Death of Family Member\" service on myAadhaar (active in 24 states/UTs since June 9, 2025) allows families to report deaths online. These measures strengthen database accuracy, prevent identity misuse, and reinforce trust in India’s Aadhaar ecosystem |
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| 24 |
08-May-2025 |
RBI |
RBI Digital Lending Directions
The RBI’s Digital Lending Directions, 2025 consolidate previous guidelines and introduce new measures for regulated entities (banks, UCBs, NBFCs, etc.) partnering with lending service providers. Key provisions include cooling-off options, borrower grievance redressal, transparent data sharing limits, and mandatory directory reporting via RBI’s CIMS portal—effective immediately, with select provisions phasing in by June and November 2025 |
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| 25 |
07-May-2025 |
RBI |
RBI\'s Framework for Formulation of Regulations
The RBI’s Framework for Formulation of Regulations (May 7, 2025) introduces a structured, transparent, and consultative process for drafting and amending regulations. It mandates public consultation, impact analysis, and periodic reviews, while allowing exemptions for urgent, confidential, or internal matters. This ensures clarity, accountability, and stakeholder engagement in regulatory policymaking. |
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| 26 |
30-Apr-2025 |
Supreme Court |
Alternate accessibility method for Digital KYC for persons with disabilities
The Supreme Court of India, in a landmark April 30, 2025 judgment, directed the government and regulators (RBI, SEBI, TRAI, etc.) to ensure digital KYC processes are accessible to people with disabilities—especially those visually impaired or with facial disfigurements. Measures include alternative “liveness” checks beyond blinking, thumb-impression acceptance, screen-reader compatibility, periodic audits, staff sensitisaton, and grievance redressal mechanisms |
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