Act 1959
Banking Act 1959
Plain-English summary
Relevant to ADIs; source of APRA's power to issue banking prudential and reporting standards.
Who it applies to
Banking
Topics
Prudential & Capital
Latest news
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India's external debt rises to $778.2 billion at June 2026
1 Oct 2026
Reserve Bank of India issued the Quarterly Report on External Debt as of the end of June 2026. The total external debt of India has increased to $778.2 billion, up by $15.4 billion. The external debt-to-GDP ratio has de…
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RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised Appr…
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RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to borrow…