The Reserve Bank of India has released third amendment directions for urban co-operative banks focusing on customer protection in unauthorized electronic banking transactions.
RBI Releases Third Amendment for Urban Co-operative Banks
On June 24, 2026, the Reserve Bank of India (RBI) announced the 'RBI (Urban Co-operative Banks - Responsible Business Conduct) Third Amendment Directions, 2026', aimed at enhancing customer protection in electronic banking.
This amendment consolidates guidance on limiting customer liability in cases of unauthorized electronic banking transactions, emphasizing the importance of protecting consumers in the rapidly evolving digital banking sector.
Urban co-operative banks are encouraged to implement these guidelines promptly to ensure customer confidence and compliance with regulatory expectations.
Citations
- RBI Third Amendment Directions (2026) Volume 1 Page 1
