April 1, 2026

oversight

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E-cheques coming soon? RBI unveils Payments Vision 2028, plans wider oversight of digital players

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The Reserve Bank of India (RBI) on Friday unveiled its ‘Payments Vision 2028’ document, outlining a roadmap that includes exploring electronic cheques, expanding regulatory oversight to digital platforms, and strengthening safeguards in the fast-growing payments ecosystem, PTI reported.The central bank said it will examine the introduction of e-cheques to combine the advantages of paper instruments…

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Our systems and oversight mechanisms robust: Mistry

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MUMBAI: HDFC Bank‘s interim chairman Keki Mistry said the bank’s management reviews every issue and takes corrective action. His comments come in the wake of the sudden resignation of former chairman Atanu Chakraborty three days ago, citing misalignment between certain practices and his values and ethics.Chakraborty’s exit has been marked by investor anxiety, sharp market…

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Banking supervision: Need to shift from snapshot checks to continuous oversight; says RBI deputy governor

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Reserve Bank of India Deputy Governor Swaminathan J on Friday called for a fundamental shift in banking supervision, stressing that oversight must move from periodic, point-in-time assessments to continuous awareness, as digital risks increasingly redefine financial stability, PTI reported. Speaking at the Third Annual Global Conference of the College of Supervisors on ‘Issues and Challenges…

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Aviation oversight: Civil aviation ministry activates 24×7 passenger control room; aims faster grievance redressal

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The civil aviation ministry has operationalised a round-the-clock Passenger Assistance Control Room (PACR) to address air travellers’ grievances more promptly, amid recent flight disruptions caused by operational issues and weather-related delays, PTI reported. The control room, which became functional on December 10, brings together officials from the ministry, the Directorate General of Civil Aviation (DGCA),…

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Vigilance oversight: FinMin tells PSU banks, insurers to promptly flag adverse inputs on board-level executives; lapses raise concerns

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The finance ministry has directed public sector banks and financial institutions, including insurance companies, to ensure prompt reporting of vigilance-related matters concerning whole-time directors (WTDs), citing repeated instances of delayed or incomplete disclosures, PTI reported.In an advisory issued by the Department of Financial Services (DFS) earlier this month, the ministry said adverse information about board-level…

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Tech oversight: Sebi to form working group on exchange technology; aim to strengthen market resilience

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Markets regulator Sebi is planning to constitute a working group to identify the next technological frontier for stock exchanges, Sebi chairman Tuhin Kanta Pandey said on Saturday, underlining the regulator’s focus on strengthening market infrastructure amid rapid technological change, PTI reported.The proposed group will examine how exchange technology should evolve over the next five to…

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Securities market code bill: Sebi reform bill seeks bigger board, stronger oversight; key provisions explained

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The Securities Market Code Bill, introduced in the Lok Sabha on Thursday, proposes a sweeping overhaul of India’s securities law framework, including expanding the Securities and Exchange Board of India (Sebi) board to up to 15 members from the current nine, strengthening governance norms and enhancing investor protection, PTI reported.The Bill seeks to reinforce Sebi’s…

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IndiGo crisis: DGCA sacks 4 flight operations inspectors for oversight; airline asked to hire more pilots

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The airline’s entire network is reconnected, with reliability improving daily. The Directorate General of Civil Aviation (DGCA) has sacked four flight operations inspectors (FOIs) who were the principal operations inspectors (PIO) for oversight on IndiGo. Designated specifically for an airline, these FOIs are supposed to keep a close watch on the airline’s requirements and also…

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IndiGo crisis: DGCA deploys oversight team at airline’s Gurgaon HQ; flight ops under lens | India News

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NEW DELHI: The ministry of civil aviation has constituted an oversight team to monitor IndiGo’s operations amid large-scale disruptions reported across multiple airports. In an order dated December 10, 2025, the Directorate General of Civil Aviation (DGCA) announced that the move aims to address passenger inconvenience caused by flight delays and cancellations.The team comprises senior…

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