RailTel Corporation of India Limited

Union Minister Shri Jyotiraditya M. Scindia Inaugurates Workshop on 5G Use Case Labs at IMC 2026; Highlights Role of Young Innovators in Advancing India’s 5G and 6G Vision

RBI/2026-27/227 DOR.MCS.REC.No.197/01-01-037/2026-27 August 6, 2026 Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Fourth Amendment Directions, 2026 Certain instructions on matters related to engagement of recovery agents by Urban Co-operative Banks (UCBs) have been issued to UCBs under the Reserve Bank of India (Urban Co-operative Banks – Responsible Business Conduct) Directions, 2025 . The extant instructions have since been reviewed and it has been decided to issue comprehensive instructions on conduct related matters in recovery of loan dues and engagement of recovery agencies to all UCBs (hereinafter referred to collectively as “UCBs” and individually as an “UCB”) under the aforesaid Directions. 2. In exercise of the powers conferred by Sections 21, 35A and 56 of the Banking Regulation Act,1949, the Reserve Bank, being satisfied that it is necessary and expedient in public interest so to do, hereby issues the Amendment Directions hereinafter specified. 3. Short Title and Commencement (1) These Directions shall be called the Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Fourth Amendment Directions, 2026. (2) These Directions shall come into effect from January 1, 2027 . 4. These Amendment Directions shall modify the Reserve Bank of India (Urban Co-operative Banks – Responsible Business Conduct) Directions, 2025 as under: (1) In paragraph 4, the following definitions shall be inserted after sub-paragraph 4(23), namely: “4(23A) Recovery agency means an entity or individual (other than UCB’s own employees)

RBI/2026-27/225 DOR.MCS.REC.No.195/01-01-035/2026-27 August 6, 2026 Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Fourth Amendment Directions, 2026 Certain instructions on matters related to recovery of microfinance loans and engagement of recovery agents therefor by Local Area Banks (LABs) have been issued to LABs under the Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Directions, 2025 . The extant instructions have since been reviewed and it has been decided to issue comprehensive instructions on conduct related matters in recovery of loan dues and engagement of recovery agencies to all LABs (hereinafter referred to collectively as “LABs” and individually as an “LAB”) under the aforesaid Directions. 2. In exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act,1949, the Reserve Bank, being satisfied that it is necessary and expedient in public interest so to do, hereby issues the Amendment Directions hereinafter specified. 3. Short Title and Commencement (1) These Directions shall be called the Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Fourth Amendment Directions, 2026. (2) These Directions shall come into effect from January 1, 2027. 4. These Amendment Directions shall modify the Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Directions, 2025 as under: (1) In paragraph 4, the following definitions shall be inserted after sub-paragraph 4(24), namely: “ 4(24A) Recovery agency means an entity or individual (other than LAB’s own employees)

The Reserve Bank of India (RBI) has, by an order dated June 30, 2026, imposed a monetary penalty of ₹1.05 lakh (Rupees One Lakh Five Thousand only) on The N.E. & E.C. Railway Employees’ Multi-State Primary Co-operative Bank Ltd, Gorakhpur (the bank) for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act and Section 25 read with Section 23 of Credit Information Companies (Regulation) Act, 2005. The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2025. Based on supervisory findings of contravention of statutory provisions / non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions and directions. After considering the bank’s reply to the notice and additional submissions made by it, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty: The bank had failed to: transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed period; and obtain membership of two Credit Information Compa