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]. We shall now be hosting our
weekly updates at Spotify!
1. Regulatory Updates
1.1. India
Reserve Bank of India (RBI)
1.1.1. RBI issues draft Master Direction – Digital
Banking Channels Authorisation (Directions), 2025
The Reserve Bank of India (“RBI”)
has released the draft Master Direction on ‘Digital Banking
Channels Authorisation (Directions), 2025' for public
consultation until August 11, 2025. It sets eligibility criteria
for banks to offer digital banking services, requires policies on
operational risk, cybersecurity, and customer protection, and
mandates reporting to concerned regional office of the Reserve Bank
for transactional services based on Core Banking Solution (CBS).
The Directions also cover compliance, customer consent, transaction
limits, and fraud monitoring. Comments can be submitted
