Banking and RBI
RBI issues final Directions on calamity relief: lenders may extend relief without request
29 April 2026 | The Economic Times (PTI)
On Wednesday, 29 April 2026 the RBI issued a series of directions on relief measures in calamity-affected areas for commercial banks, small finance banks, local area banks, co-operative banks, NBFCs and All India Financial Institutions, plus two repeal directions. They come into force on 1 July 2026. Lenders may extend relief to all borrowers without waiting for a request, with an opt-out clause for borrowers who wish to opt out until the end of 135 days from the declaration of the natural calamity.
A bank may run calamity-affected branches from temporary premises under advice to the RBI regional office, set up satellite offices, extension counters or mobile banking, and must restore ATM services at the earliest. It may waive or reduce fees for up to one year. Borrowers eligible for resolution are 'Standard' accounts not in default for more than 30 days on the date of the calamity; accounts that slip into NPA before the plan is implemented are upgraded to Standard on implementation. Banks must keep an additional specific provision of 5 per cent of the outstanding debt for borrowers given a resolution plan.
Key facts- Issued: 29 April 2026; effective 1 July 2026
- Relief without borrower request; opt-out within 135 days
- Fee waiver: not exceeding one year
- Resolution: Standard accounts, not in default over 30 days; extra provision 5%
Exam takeaway: A resolution plan restructures a borrower's loan so it can be repaid after a shock.
Quick revision: RBI calamity-relief Directions (29 Apr 2026): relief without request, opt-out within 135 days, effective 1 Jul 2026.
The Economic Times (PTI) original sourceBanking and RBI
RBI exempts small NBFCs with no public funds and no customer interface from registration
29 April 2026 | Reserve Bank of India press release 2026-2027/172
On 29 April 2026 the RBI issued final Amendment Directions to the NBFC Registration, Exemptions and Framework for Scale Based Regulation Directions, 2026. The draft was issued on 10 February 2026 with comments invited until 4 March 2026.
The draft proposed exemption from registration for 'NBFCs not availing public funds and not having customer interface' (including 'Type I NBFCs') with asset size below Rs 1,000 crore, subject to specified conditions, a procedure for deregistration or conversion of existing such NBFCs, and related aspects. The RBI says feedback was examined and changes incorporated in the final Directions, with a statement on the feedback annexed.
Key facts- Issued: 29 April 2026 (draft 10 February 2026)
- Covers: NBFCs with no public funds and no customer interface (Type I)
- Draft proposal: exemption if assets below Rs 1,000 crore
- Also: deregistration or conversion procedure
Exam takeaway: Scale Based Regulation groups NBFCs into layers with stricter rules for larger ones.
Quick revision: RBI final NBFC Amendment Directions (29 Apr 2026): Type I NBFC registration exemption framework.
Reserve Bank of India press release 2026-2027/172 original sourceAppointments, Awards and Important Days
CV Anand appointed Telangana's next DGP
29 April 2026 | The New Indian Express
The New Indian Express reported on 29 April 2026 that the Telangana Government appointed 1991-batch IPS officer CV Anand as the next Director General of Police. He will take charge on 1 May, a day after incumbent DGP B Shivadhar Reddy superannuates on 30 April.
Anand most recently served as Special Chief Secretary, Home, and headed the Hyderabad City Police twice. He is credited with starting SHE Teams, SHE Shuttles and SHE Apps in Cyberabad, and with e-challan systems and automated traffic signalling as Hyderabad traffic chief.
Key facts- Post: Director General of Police, Telangana
- Officer: CV Anand, 1991-batch IPS
- Takes charge: 1 May 2026
- Predecessor: B Shivadhar Reddy (retires 30 April)
Exam takeaway: A DGP is the head of a State police force.
Quick revision: Telangana: CV Anand named DGP; takes charge 1 May 2026 (NIE).
The New Indian Express original source