Timeline
Statutes, establishments, transfers, leadership churn and reforms — the making of India's financial rule-writers.
| Date | Entity | Event | Type |
|---|---|---|---|
| 2026-11-05 | RBI | RBI consolidates cyber resilience and digital payment security rules for non-bank Payment System Operators into one Master Direction (RBI/DPSS/2026-27/475); large and medium PSOs comply from issuance, small PSOs from 1 April 2028; six-hour incident reporting to RBI and CERT-In ↗ | Reform |
| 2026-10-29 | RBI | Supreme Court (In Re Victims of Digital Arrest Related To Forged Documents, SMW(Crl) 3/2025): RBI KYC Amendment Directions 2026 to be notified by 30 Nov 2026 and operationalised by 31 Dec 2026; directions must mandate compensation not less than the amount lost where an institution's due diligence failed; RBI to submit list of all authorised financial institutions ↗ | Register note |
| 2026-10-23 | FSDC | 30th FSDC meeting (New Delhi): macro-financial stability review; workplan covers tokenisation of financial and real-world assets, Financial Sector Cyber Security Strategy, KYC digitalisation for NRIs and FPIs, DPI scale-up (Account Aggregator, ULI) for MSMEs, faster unclaimed-asset refunds; attendance list confirms Jayanti Prasad as IBBI Acting Chairperson ↗ | Register note |
| 2026-09-18 | SEBI | Kamlesh Chandra Varshney reappointed SEBI Whole-Time Member until 4 Aug 2029 (gazette S.O. 5142(E)); Amarjeet Singh term ends without renewal announcement ↗ | Leadership |
| 2026-09-13 | IBBI | Jayanti Prasad, Whole-Time Member, takes additional charge as IBBI Chairperson after Ravi Mital's tenure ends (turned 65); charge runs until 20 Nov 2026 or till a successor joins ↗ | Leadership |
| 2026-09-10 | RBI | UFF recognised as second RBI SRO-FT (10 Sep 2026) — tracked in SROTrac ↗ | SRO framework |
| 2026-08-01 | IFSCA | K. Rajaraman's IFSCA chair tenure extended till Oct 2028 (Aug 2026) ↗ | Leadership |
| 2026-07-16 | IBBI | Calcutta High Court holds IBBI Chairperson cannot act as the Disciplinary Committee under IBC ↗ | Reform |
| 2026-07-13 | IBBI | Corporate Laws (Amendment) Bill, 2026 Clause 73 proposes IBBI as statutory valuation authority ↗ | Proposal |
| 2026-06-08 | IBBI | IBBI opens search for next Chairperson — succession process starts early under incumbent Ravi Mital ↗ | Leadership |
| 2026-05-20 | IBBI | IBC Amendment Act 2026 bars resolution professionals from acting as liquidators in the same matter ↗ | Reform |
| 2026-04-15 | SEBI | K V Ramana Murty takes charge as SEBI Whole-Time Member (PR 24/2026), three-year term ↗ | Leadership |
| 2026-02-25 | IBBI | IBBI Grievance and Complaint Handling (Amendment) Regulations, 2026 notified (25 Feb 2026) ↗ | Reform |
| 2025-12-01 | SEBI | Sandip Pradhan inducted as SEBI Whole-Time Member (Dec 2025) ↗ | Leadership |
| 2025-10-01 | RBI | Shirish Chandra Murmu appointed RBI Deputy Governor (Oct 2025) ↗ | Leadership |
| 2025-07-24 | IRDAI | Ajay Seth appointed IRDAI Chairperson (24 Jul 2025), succeeding Debasish Panda ↗ | Leadership |
| 2025-06-20 | PFRDA | Sivasubramanian Ramann assumes charge as PFRDA Chairperson (20 Jun 2025) ↗ | Leadership |
| 2025-04-01 | RBI | Poonam Gupta appointed RBI Deputy Governor (Apr 2025) ↗ | Leadership |
| 2025-02-06 | SEBI | Tuhin Kanta Pandey appointed SEBI Chairperson (Feb 2025), succeeding Madhabi Puri Buch ↗ | Leadership |
| 2024-08-28 | RBI | FACE recognised as first RBI SRO-FT (28 Aug 2024) — tracked in SROTrac ↗ | SRO framework |
| 2024-01-31 | RBI | RBI releases draft SRO framework for the fintech sector (Jan 2024) — tracked in SROTrac ↗ | SRO framework |
| 2020-10-01 | IFSCA | IFSCA operational from 1 Oct 2020 (supersedes sectoral regulators inside the IFSC) | Established |
| 2020-02-04 | DICGC | Deposit insurance cover raised to Rs 5 lakh per depositor per bank (4 Feb 2020) | Reform |
| 2019-12-04 | IFSCA | IFSCA Act, 2019 enacted — unified regulator for GIFT IFSC | Statute |
| 2019-08-09 | NHB | HFC regulation moved from NHB to RBI (9 Aug 2019) | Transfer |
| 2016-10-01 | IBBI | IBBI constituted 1 Oct 2016 | Established |
| 2016-05-05 | IBBI | Insolvency and Bankruptcy Code, 2016 enacted | Statute |
| 2013-12-18 | PFRDA | PFRDA Act, 2013 enacted (statutory w.e.f. 1 Feb 2014) | Statute |
| 2010-02-25 | FSDC | Financial Stability and Development Council created by executive resolution — non-statutory | Established |
| 2008-12-18 | NPCI | NPCI incorporated as Section 8 company by RBI and IBA | Established |
| 2003-01-01 | PFRDA | PFRDA set up as interim executive authority (GO) | Established |
| 1999-12-28 | IRDAI | IRDA Act, 1999 — insurance opened; IRDAI constituted 2000 (HQ Hyderabad) | Statute |
| 1992-04-12 | SEBI | SEBI Act, 1992 — statutory powers granted after the 1992 securities scam | Statute |
| 1990-04-02 | SIDBI | SIDBI began operations 2 Apr 1990 | Established |
| 1989-12-31 | SIDBI | SIDBI Act, 1989 enacted | Statute |
| 1988-07-09 | NHB | NHB established 9 Jul 1988 | Established |
| 1988-01-01 | SEBI | SEBI set up as a non-statutory administrative body | Established |
| 1987-12-30 | NHB | National Housing Bank Act, 1987 enacted | Statute |
| 1982-07-12 | NABARD | NABARD established (12 Jul 1982) | Established |
| 1981-12-31 | NABARD | NABARD Act, 1981 enacted | Statute |
| 1978-07-15 | DICGC | DICGC constituted from merger of Deposit Insurance Corporation (1962) and Credit Guarantee Corporation (1971) | Established |
| 1961-12-07 | DICGC | Deposit Insurance and Credit Guarantee Corporation Act, 1961 | Statute |
| 1949-03-01 | RBI | Banking Companies Act, 1949 (renamed Banking Regulation Act, 1966) gives RBI licensing and supervision of banks | Statute |
| 1934-03-06 | RBI | Reserve Bank of India Act, 1934 passed; bank operational 1 Apr 1935 | Statute |