The Reserve Bank of India has repealed its 2025 prudential norms on declaration of dividends for payment banks and will replace them with the 2026 directions, with both changes taking effect from financial year 2026-27. The repeal does not disturb actions already taken or initiated under the 2025 directions, which will continue to be governed by those provisions. Approvals or acknowledgments granted under the repealed directions are deemed to continue under the new regime, while existing rights, obligations and liabilities, penalties for contraventions, and related investigations, legal proceedings and remedies are preserved as if the earlier directions had not been repealed.
Reserve Bank of India 2026-03-10
Reserve Bank of India repeals 2025 payment bank dividend prudential norms and replaces them from FY 2026-27
The Reserve Bank of India has repealed its 2025 prudential norms on dividend declarations for payment banks, replacing them with 2026 directions effective from the financial year 2026-27. Actions under the 2025 norms remain governed by those provisions, with approvals and obligations continuing under the new regime. Existing rights, liabilities, and legal proceedings are preserved as if the earlier norms had not been repealed.