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The Reserve Bank of India (RBI) issued Notification No. 13198, reflecting its ongoing regulatory oversight to strengthen India’s financial system. RBI notifications such as this are typically released under statutory powers to communicate regulatory changes, compliance requirements, or updated operational guidelines for banks and financial institutions. These directives may address areas like prudential norms, reporting standards, payment systems, risk management practices, or other aspects of the financial sector that require alignment with evolving market conditions and legal mandates. By issuing such notifications, the RBI ensures transparency, enhances regulatory compliance, and provides clarity for regulated entities to implement necessary adjustments in their functioning. Stakeholders including banks, non-bank financial companies, and payment service providers are expected to review these updates and align their policies and procedures accordingly.