Banking and RBI
RBI issues revised draft directions on loan recovery conduct and recovery agents; comments till 31 May
20 May 2026 | Reserve Bank of India
Following the Statement on Developmental and Regulatory Policies of 6 February 2026, the RBI had issued draft Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' on 12 February 2026. After substantial feedback changed many key provisions, the RBI on 20 May 2026 issued revised drafts for another round of public consultation.
Stakeholders had also sought regulatory enablement for lenders to use technology-based mechanisms that restrict some functions of a financed mobile device to recover dues on default. The revised drafts cover commercial banks, small finance banks, local area banks, RRBs, UCBs, rural co-operative banks, AIFIs, NBFCs and housing finance companies. Comments are invited till 31 May 2026.
Key facts- Revised drafts: 20 May 2026; first draft 12 February 2026
- Subject: conduct in loan recovery and engagement of recovery agents
- Covers: banks, AIFIs, NBFCs and HFCs
- Comments till: 31 May 2026
Exam takeaway: Draft directions are issued for public comment before they become final.
Quick revision: RBI revised drafts on loan recovery conduct, 20 May 2026; comments till 31 May (RBI).
Reserve Bank of India original sourceBanking and RBI
RBI announces USD 5 billion, three-year USD/INR buy/sell swap auction for 26 May
20 May 2026 | Reserve Bank of India
On a review of liquidity conditions the RBI decided on 20 May 2026 to conduct a USD/INR Buy/Sell swap auction of USD 5 billion for a tenor of three years. The auction is on 26 May 2026 from 10:30 to 11:30 AM, with near leg/spot date 29 May 2026 and far leg date 29 May 2029.
Bids are placed as the premium participants will pay the RBI, in paisa up to two decimal places, in a multiple price-based auction. Authorised Dealers Category-I banks are among the eligible entities.
Key facts- Amount and tenor: USD 5 billion; three years
- Auction: 26 May 2026, 10:30 to 11:30 AM
- Near leg 29 May 2026; far leg 29 May 2029
- Bidding: premium in paisa; multiple price-based
Exam takeaway: In a buy/sell swap the RBI buys dollars now and sells them back later, which adds rupee liquidity.
Quick revision: RBI USD 5 bn 3-year buy/sell swap auction on 26 May 2026 (RBI, 20 May).
Reserve Bank of India original sourceAppointments, Awards and Important Days
World Bee Day, 20 May: chosen for the birth of beekeeping pioneer Anton Janša
20 May 2026 | FAO on the UN observances page
The page says World Bee Day, observed on 20 May since 2018, was declared by the UN General Assembly after efforts by the Government of Slovenia with the support of Apimondia, to raise awareness of the role of bees and other pollinators.
The date was chosen as the birthday of Anton Janša, a pioneer of modern apiculture from a Slovenian beekeeping family.
Key facts- Day: World Bee Day, 20 May
- Observed since: 2018
- Proposed by: Slovenia, with Apimondia
- Date marks: birth of Anton Janša
Exam takeaway: Pollinators such as bees keep food systems and ecosystems healthy.
Quick revision: World Bee Day: 20 May; since 2018; Slovenia; Anton Janša (UN/FAO).
FAO on the UN observances page original sourceReports, Indices, Science and Technology
CCI approves Cube Highways Trust's acquisition of four road SPVs
20 May 2026 | Press Information Bureau
PIB said the Competition Commission of India approved the proposed acquisition of 100% equity of Baharampore-Farakka Highways, Devanahalli Tollway, Western MP Infrastructure and Toll Roads and Chenani Nashri Tunnelway by Cube Highways Trust, announced on 20 May 2026.
Cube Trust is an infrastructure investment trust registered with SEBI under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The four target SPVs operate roads and highways under government concessions.
Key facts- Approved by: Competition Commission of India
- Acquirer: Cube Highways Trust (InvIT)
- Targets: four road SPVs, 100% equity
- Law cited: SEBI (InvITs) Regulations, 2014
Exam takeaway: An InvIT pools money from investors to own infrastructure assets such as roads.
Quick revision: CCI approves Cube Highways Trust acquisition of four road SPVs (PIB, 20 May).
Press Information Bureau original source