The Reserve Bank of India (RBI) on June 10, 2026, issued draft amendments to the Directions on Harmonisation and Consolidation of Instructions on Control / Assurance Functions.
The following has been stated:-
•The Reserve Bank of India (RBI) has issued eleven draft Amendment Directions aimed at harmonising and consolidating instructions relating to control and assurance functions across various regulated entities, including banks, NBFCs, co-operative banks, credit information companies, and asset reconstruction companies.
•Stakeholders, regulated entities, and members of the public are invited to submit comments and feedback on the draft directions by July 09, 2026.
•Feedback can be provided through the RBI’s ‘Connect 2 Regulate’ portal or via the designated email channels.
•The proposed amendments seek to strengthen governance frameworks and ensure greater consistency in oversight and assurance functions across the financial sector.
The detailed notification is given in the document below.
[Notification No.: 2026-2027/431]
