Statutory regulator · Reserve Bank of India Act, 1934 (operational 1 Apr 1935)
RBI: The oldest and most powerful financial regulator in India — and the one that touches the most people. The RBI licenses and supervises banks, NBFCs and payment systems, sets interest-rate policy…
On 5 November 2026 the Reserve Bank of India issued the Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators (RBI/DPSS/2026-27/475), folding three earlier instruments into one rulebook with a six-hour incident-reporting clock, annual system audits, and consumer-facing controls such as a 12-hour cooling period after a registered mobile number or email change.
Hearing the suo motu digital-arrest fraud case on 29 October 2026, the Supreme Court paused before issuing its own directions to examine RBI's proposed KYC Amendment Directions, 2026 — attaching a compensation floor of not less than the amount lost where a bank's due diligence fails, hard dates (notify by 30 November, operational by 31 December) and a demand for the full list of covered institutions.
The Sousveillance Stack — who writes, borrows and buys the rules