PolicyPulse Media - Page 12 of 20 - Policy, RBI & Government Updates Explained

RBI penalty hits Central Bank of India: ₹63.6 lakh fine for KYC breaches in 2026

RBI penalty of ₹63.6 lakh imposed on Central Bank of India for KYC non-compliance, impacting banking compliance norms in 2026.

RBI penalty hits Union Bank of India with ₹95.40 lakh fine for breaching electronic transaction and asset classification rules in 2026.

RBI penalty on Pine Labs imposes ₹3.10 lakh fine for KYC non-compliance in prepaid instruments, impacting regulatory standards in 2026.

RBI penalty on Bank of India for ₹58.5 lakh due to PSL and interest rate non-compliance underscores regulatory enforcement in 2026.

RBI master direction on unique identifiers mandates LEI and UTI use for OTC derivatives, enhancing transparency and compliance in financial markets.

SEBI order compliance frees bank, demat, and mutual fund accounts of Mahesh Somabhai Desai in 2026, impacting financial and regulatory stakeholders.

Petrol diesel prices remain steady despite Rs 10 per litre excise duty cut as government covers OMC losses in 2026, affecting consumers and firms.

India has reimposed windfall tax on diesel exports in 2026, affecting refiners, exporters, ATF-linked costs and the wider energy market.

The petrol diesel excise duty cut offers relief on paper, but crude oil, state VAT and dealer margins may still keep pump prices elevated.

The Nayara fuel price hike has pushed petrol and diesel rates higher, keeping inflation, transport costs and household budgets in focus.