Reserve Bank of India (RBI) Appoints New Executive Director and Issues Revised Loan Recovery Guidelines

Exam-focused facts from the 22 May 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has appointed Shri Gunveer Singh as the new Executive Director (ED).
The RBI issued revised draft amendment directions regarding the Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents.
The central bank announced an underwriting auction for the sale of Government Securities (G-Secs) for a total value of ₹32,000 crore.
The RBI cancelled the banking licence of The Yashwant Co-operative Bank Ltd., Phaltan, and the Certificate of Registration (CoR) of 150 Non-Banking Financial Companies (NBFCs).
Monetary penalties were imposed on multiple entities including IIFL Finance Limited, Appnit Technologies Private Limited, and AKG Infin Private Limited for regulatory non-compliance.