Welcome to Carver's India Regulatory Updates.

The Reserve Bank of India has imposed a monetary penalty on Jilla Sahkari Bank Limited, Kanpur, for non-compliance with mandatory KYC risk review guidelines, reinforcing regulatory vigilance in banking compliance.

Monetary policy operations include the RBI's recent 90-day Variable Rate Repo auction under the Liquidity Adjustment Facility with a ₹200,000 crore notified amount and the announcement of an Open Market Operation purchase auction for ₹50,000 crore in government securities to support liquidity and market stability.

The RBI also detailed underwriting auction plans for government securities worth ₹32,000 crore and scheduled auctions for Treasury Bills and State Government Securities aimed at facilitating efficient government borrowing.

Regulatory oversight continues with an extension of the directive period for Lokapavani Mahila Sahakari Bank Niyamitha, Mandya, by three months, maintaining all existing regulatory conditions.

In the MSME sector, the Green Climate Fund approved US$215.6 million to support SIDBI’s Financing Mitigation and Adaptation Projects, complemented by a ₹10,000 crore SME Growth Fund and ₹2,000 crore Self-Reliant India Fund allocations. Additionally, government mandates on payment routing to MSMEs by Central Public Sector Enterprises highlight ongoing support to strengthen the sector.

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Articles mentioned:

1. RBI imposes monetary penalty on Jilla Sahkari Bank Limited, Kanpur, Uttar Pradesh
2. GCF approves US$ 215.6 million for SIDBI’s- Financing Mitigation and Adaptation Projects (FMAP) in Indian MSMEs
3. Money Market Operations as on February 02, 2026
4. Startup Meet at Noida
5. CGTMSE’s Silver Jubilee Celebration – Felicitation of Member Lending Institutions
6. SIDBI Launches Development of Industry Associations (DIA) to strengthen MSMEs
7. SIDBI and Finance Department UT of J&K entered into Agreement for availing of SIDBI Cluster Development Fund to accelerate MSME Cluster infrastructure development in UT
8. India’s MSME Commercial Credit Portfolio Grew 13% YoY with Overall Delinquency Rate Falling to Five-Year Low
9. SIDBI – Inauguration of Mumbai Regional and Branch office
10. RBI to conduct Second 90-day Variable Rate Repo (VRR) auction under LAF
11. Underwriting Auction for sale of Government Security for ₹32,000 crore on January 30, 2026
12. Auction of Government of India Dated Securities
13. SIDBI joins hands with TDB to support MSMEs
14. Shri Manoj Mittal takes charge as Chairman and Managing Director of SIDBI
15. Global Alliance of Mass Entrepreneurship and Small Industries Development Bank of India successfully complete first NBFC Growth Accelerator Programme cohort
16. Greening Ayodhya through EV Access Sweetening Ayodhya through GI Tag Laddus
17. Auction of 91-Day, 182-Day and 364-Day Treasury Bills
18. RBI announces OMO Purchase of Government of India Securities
19. Auction of State Government Securities
20. Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Lokapavani Mahila Sahakari Bank Niyamitha, Mandya - Extension of Period