We are delighted to share this week's AKP Banking &
Finance Weekly Digest. Please feel free to write to us with your
feedback at [email protected].
1. Regulatory Updates
1.1. India
Reserve Bank of India (RBI)
1.1.1. RBI issues notification to bring State and
Central Co-operative Banks under the Reserve Bank–Integrated
Ombudsman Scheme
The Reserve Bank of India ("RBI"),
notified that State Co-operative Banks and Central Co-operative
Banks will be covered by the Reserve Bank–Integrated
Ombudsman Scheme, 2021 (RB-IOS, 2021) with effect from November 1,
2025; with this inclusion, the scheme now applies to all Commercial
Banks, Regional Rural Banks ("RRBs"),
State and Central Co-operative Banks, Scheduled and Non-Scheduled
Primary (Urban) Co-operative Banks (UCBs) with deposits of at least
INR 50 crore (Indian Rupees Fifty Crore only), all Non-Banking
Financial Companies ("NBFCs") that
either accept deposits or have a customer interface with assets of
at
