Reserve Bank of India (Payments Banks – Governance) Amendment Directions, 2026

RBI/2026-27/179
DOR.HGG.GOV.152/29.67.001/2026-27

July 14, 2026

Reserve Bank of India (Payments Banks – Governance)
Amendment Directions, 2026

The Reserve Bank of India has amended the Payments Banks – Governance Directions, 2025 to rationalise the matters required to be placed before bank Boards. The revised framework aims to reduce routine Board-level agenda items and allow Boards to devote more time to business strategy, financial soundness, risk governance and compliance.

Under the amendments, Boards must oversee the bank’s risk management framework, policies and strategies, exposures to related entities, and compliance with corporate governance standards. The RBI has introduced separate appendices specifying policies and other matters requiring Board approval, review or information, as well as matters that may be delegated to Board or Management Committees.

Boards must clearly identify matters reserved for their approval, ensure timely and adequate information from management, periodically review delegated responsibilities and improve the quality of meeting agendas. The Chairperson will have primary responsibility for setting the Board meeting agenda.

The Reserve Bank of India (Payments Banks – Governance) Amendment Directions, 2026 will come into force on October 1, 2026. CA Sansaar

(Scenta Joy)
Chief General Manager

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