NUCFDC Regulatory Announcements | Compliance Updates

Digital push for grassroots banking: 2 new apps (DigiPay & DigiLoan) to transform urban cooperative banks for 9 cr users

12 Nov 2025

New Delhi: In a bid to make India’s urban cooperative banks (UCBs) digitally savvy, Union home minister and cooperation minister Amit Shah on Monday launched two new digital platforms—Sahkar DigiPay and Sahkar DigiLoan—aimed at making payments and credit access faster, paperless and transparent for cooperative members. The new platforms are expected to transform day-to-day banking for nearly 9 crore depositors and borrowers who rely on UCBs, many of which are gradually transitioning from manual systems to digital operations.

Amit Shah to inaugurate ‘CoopKumbh 2025’ in New Delhi today

10 Nov 2025

NEW DELHI: Union Minister of Home Affairs and Cooperation, Amit Shah, will inaugurate the Cooperative Kumbh 2025 (CoopKumbh 2025), an international conference on the Urban Cooperative Credit Sector, at Vigyan Bhawan, New Delhi on Monday. The two-day event, themed “Digitizing Dreams – Empowering Communities, ” aims to strengthen the cooperative foundation for financial inclusion and drive innovation in the cooperative banking landscape. The prestigious conference is being organized by the National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) under the aegis of the Ministry of Cooperation, Government of India. It is a key platform designed to foster collaboration among policymakers, regulators, cooperative leaders, financial institutions, and technology innovators from across India and abroad.

Recent RBI policies to help banks stay at equilibrium: Kamath

10 Oct 2025

The recent policies that have been announced by the Reserve Bank of India (RBI) will allow banks to fully use its capital, funding profile to keep business at an equilibrium level, which otherwise was getting skewed towards retail, said K V Kamath, chairman, Jio Financial Services.

Is your money safe? Understanding deposit insurance amid Urban Cooperative Bank failures

10 Oct 2025

Urban Cooperative Banks face significant challenges, as highlighted by Saraswat Bank's acquisition of the mismanaged New India Co-op Bank, which provided a much-needed resolution for depositors

RBI imposes ?75 lakh penalty on ICICI Bank for compliance breaches

11 Aug 2025

The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 75 lakh on ICICI Bank Limited for violating certain regulatory directions on ‘Valuation of Properties – Empanelment of Valuers’ and ‘Opening of Current Accounts by Banks – Need for Discipline’, the central bank said in a notification on Friday.

Working Together, Growing Stronger: Responsible Governance for a Resilient UCB Sector

29 Jul 2025

(Valedictory Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India at the Seminar for Directors of Urban Co-operative Banks held in CAB, Pune on Friday, July 11, 2025)

New CERT-In Audit Guidelines Aim to Fix India’s ‘Checkbox’ Cybersecurity Culture — Here’s How

29 Jul 2025

The Indian Computer Emergency Response Team (CERT-In) has released its new Comprehensive Cyber Security Audit Policy Guidelines, a landmark initiative aimed at helping organizations across sectors—both public and private, conduct effective and uniform cybersecurity audits.

NCP for Co-op Banks seeking RBI’s Self-Regulatory Status

24 Jul 2025

The National Cooperative Policy aims to strengthen cooperative banks and integrate them into the mainstream banking system. It recommends obtaining SRO status from the RBI to promote self-regulation and customer protection. NUCFDC is envisioned to support Urban Cooperative Banks through technology, equity investment, and liquidity support.

RBI Seeks to Tighten Norms for Digital Banking

22 Jul 2025

Banks must take approval to launch new digital channels, offer third-party products, services

RBI Settles for Half in Bond Switch Sale

22 Jul 2025

The Reserve Bank of India (RBI) on Monday accepted about '17,274 crore in the bond switch auction, or 54O/ of the notified amount of 232,000 crore, because the yields demanded by market participants may have been higher than the central bank's comfort level, traders said.

Unified Lending Interface: Urban Co-op Banks to have ULI on lines of UPI

01 May 2025

RBI to Onboard UCBs to Unified Lending Interface (ULI) The RBI is set to onboard select Urban Cooperative Banks (UCBs) onto ULI, a digital platform designed to simplify and speed up loan processing—similar to how UPI transformed payments. In partnership with NUCFDC and RBIH, 16 leading UCBs are preparing for integration. NUCFDC is providing support to ensure smooth onboarding. ULI offers fast, cost-effective, and secure lending by integrating services like Aadhaar, PAN, GST, KYC, and credit checks—all under RBI’s oversight. This marks a major step in modernizing cooperative banking.

RBI Makes PRAVAAH Portal Mandatory for All Banks and NBFCs

01 May 2025

Mandatory Use of PRAVAAH for Regulatory Applications Effective May 1, 2025, all Regulated Entities must use PRAVAAH (Platform for Regulatory Application, Validation And AutHorisation) to submit applications for authorisations, licenses, and approvals to the RBI. Launched on May 28, 2024, PRAVAAH is a secure, centralized portal that has already handled nearly 4,000 applications. Despite this, some submissions continue outside the platform. Entities must now submit exclusively via PRAVAAH using available forms. The portal also offers a user manual, FAQs, and help videos at https://pravaah.rbi.org.in.

Financial Inclusion is Not a Licence to Exploit RBI Deputy Gov

11 Apr 2025

The RBI Deputy Governor emphasized that financial inclusion should be used to empower individuals, not to exploit vulnerable populations.

RBI Cuts Rate by 25 bps, Turns 'Accommodative'

10 Apr 2025

The RBI reduced the key interest rate by 25 basis points to stimulate economic growth, adopting a more accommodative stance.

Co-lending to Be Extended to All Regulated Entities

10 Apr 2025

The RBI announced the extension of co-lending arrangements to all regulated entities, promoting broader financial inclusion.

UPI Transaction Limits Headed for a Revision

10 Apr 2025

The RBI proposed to revise the transaction limits on the Unified Payments Interface (UPI) to further enhance digital payment capabilities.

NPCI Receives Nod to Revise Cap on UPI Transactions

10 Apr 2025

The National Payments Corporation of India (NPCI) received approval to raise the cap on UPI transaction limits, aiming to boost digital payments.

RBI Issues Revised Draft Norms for Non-Fund-Based Credit Facilities

10 Apr 2025

The RBI introduced revised guidelines for non-fund-based credit facilities, aimed at improving the accessibility of credit for borrowers.

RBI Tightens Compliance Norms for Gold Loans; NBFC Stocks Fall

10 Apr 2025

In response to rising concerns over gold loan practices, the RBI introduced stricter compliance norms, which led to a decline in the stock prices of NBFCs.

RBI to Retain Liquidity Focus for Rate Transmission

08 Apr 2025

The RBI committed to maintaining a focus on liquidity management to ensure effective transmission of interest rates to the broader economy.

The UPI of 2016 and Today Are Completely Different: NPCI's ASBE

07 Apr 2025

NPCI's ASBE highlighted the significant advancements in UPI technology, making it more robust and secure compared to its 2016 version.

FinMin to Implement 'One State-One RRB' Soon

07 Apr 2025

The Finance Ministry is set to implement the 'One State-One RRB' model to streamline regional rural bank operations and improve financial inclusion.

Skilled Indians Drive the Remittances Story

07 Apr 2025

Skilled Indian workers abroad are playing a crucial role in driving the growth of remittances, significantly contributing to the economy.

Regional Rural Banks to See Consolidation

07 Apr 2025

The government is planning to consolidate regional rural banks to enhance their operational efficiency and reduce overhead costs.

UPI's Average Ticket Size Declines 7.8%

03 Apr 2025

The average transaction size of UPI payments has seen a decline of 7.8%, indicating a shift towards smaller, more frequent transactions.

NPCI Pilots AI Models to Keep Digital Payment Frauds in Check

03 Apr 2025

NPCI is piloting AI-driven models to detect and prevent fraud in digital payment systems, enhancing security and user confidence.

NPCI Pilots AI Models to Keep Digital Payment Frauds in Check

03 Apr 2025

Repeated announcement) NPCI is further advancing AI models to protect digital payments from fraud, aiming for safer online financial transactions.

About 500 UCBs to Shift to RBI's New Remedial Regime

01 Apr 2025

Approximately 500 Urban Cooperative Banks (UCBs) will begin transitioning to the RBI's new remedial framework to improve their operational health.

Significant Financial Rule Changes to Come Into Effect

01 Apr 2025

Several important financial rule changes are set to take effect, impacting tax, banking, and investment regulations.

Income Tax, GST, UPI, Pension Schemes: Key Changes

01 Apr 2025

Major changes are being implemented in income tax, GST, UPI, and pension schemes, which will affect various sectors of the economy starting today.