The Reserve Bank of India has issued third amendment directions regarding responsible business conduct for commercial banks, focusing on customer protection in unauthorized electronic banking transactions.
RBI Issues Third Amendment for Commercial Banks
On June 24, 2026, the Reserve Bank of India (RBI) released the 'RBI (Commercial Banks - Responsible Business Conduct) Third Amendment Directions, 2026'. This directive emphasizes enhancing customer protections against unauthorized electronic banking transactions.
The guidelines outline measures to limit customer liability in such transactions, reflecting the RBI's commitment to securing consumer interests within the commercial banking sector.
Commercial banks are urged to incorporate these amendments into their practices to foster compliance and maintain customer confidence in their services.
Citations
- RBI Third Amendment Directions (2026) Volume 1 Page 1
