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RBI Unleashes Banking Rules That Pack a Serious Punch

RBI Unleashes Banking Rules That Pack a Serious Punch

Listen up, folks! The RBI is stepping into the ring with a knockout plan for branch authorisation and business correspondents! By September 30, 2026, they’re tossing out the old BF model and bringing in the BC champs. With new rules to amp up banking, it’s time for banks to flex their muscles and deliver the goods. Get ready for a banking revolution that’s electrifying!

Quick rundown

  1. RBI proposes new framework for business correspondents.
  2. Business Facilitator model to be phased out by 2026.
  3. New norms redefine 'banking outlet' to expand rural banking.
  4. Foreign bank subsidiaries face stricter branch authorisation.
  5. Consumer protection emphasized with mandatory BC training.

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