The RBI has issued the Second Amendment Directions concerning Responsible Business Conduct for Payments Banks, reiterating the need for ethical operational standards.
Payments Banks - Responsible Business Conduct
The Reserve Bank of India (RBI) announced the Second Amendment Directions for Responsible Business Conduct regarding Payments Banks on June 24, 2026. This directive emphasizes the necessity for Payments Banks to adhere to ethical standards and accountability in their operations.
These amendments are part of the RBI's broader initiative to ensure that all banking institutions uphold responsible business practices across the board.
Practitioners working with Payments Banks should advise their clients on the importance of compliance with these guidelines to foster trust among customers and regulatory bodies alike.
Citations
- RBI Second Amendment Directions (2026)
