ICICI Bank forced onto a new, safer website. Every bank must follow.
Every fact links to its official source.
60-second morning update
Change: ICICI Bank has moved its website and net banking to a new address, icici.bank.in, after RBI ordered all banks onto the restricted .bank.in domain to stop fake lookalike sites. ICICI says user IDs and passwords still work as before.
Impact: Fraudsters may now copy the old address to trick customers who do not know about the change.
Action: Branch and customer service staff: tell any customer who asks that icici.bank.in is real, and that no bank ever asks for a password or OTP by link.
Change: RBI Deputy Governor S C Murmu said banks, not machines, are accountable when an AI tool makes a mistake. He also said RBI's shared fraud-alert system for banks, IDPIC, is now piloting in 8 banks and RBI wants it widened faster, reports The Tribune.
Impact: Boards will be held responsible for AI failures in credit, fraud or customer-support tools, not just the IT team.
Action: Compliance and risk teams: name one board-level owner for every AI tool your bank uses.
Change: RBI has amended KYC rules for Urban and Rural Co-operative Banks, letting them use the same simplified overseas document route already used for NRIs to also cover Foreign Portfolio Investors.
Impact: Co-operative banks can open FPI-linked accounts faster, without new paperwork.
Action: NBFC and co-op compliance desks: add FPIs to your list of customers eligible for the overseas-certificate route.
Change: The US Federal Reserve raised its key rate to 3.75-4 percent, its first hike since 2023, in a 12-0 vote, citing high inflation.
Impact: Higher US rates can pull money away from India and add pressure on the rupee.
Action: Treasury and forex desks: watch the rupee and foreign investor flows this week.
Change: IBPS RRB 2026 applications close on 21 September, 2 days away, for over 13,700 posts: Officer Scale I, II, III and Office Assistant (Clerk) in regional rural banks.
Impact: This is one of the largest bank recruitment drives this year.
Action: Careers desks: remind eligible staff and family, 2 days left to apply.
Reserve Bank of India action board
What changed: RBI amended KYC rules for Urban and Rural Co-operative Banks. They can now accept overseas document certification for Foreign Portfolio Investors, the same simplified route already used for NRIs and Persons of Indian Origin.
Who is affected: Urban and Rural Co-operative Banks, and any FPI-linked account they handle.
What to do: Update your KYC checklist to include FPIs under the accepted overseas-certification list: bank branches abroad, notaries, and Indian embassies.
Last date: In force immediately, from 18 September 2026.
Source: RBI Notification, 18 Sept 2026 ↗
What changed: RBI Deputy Governor S C Murmu said accountability for AI mistakes rests with a bank's board, whether or not a machine made the decision. He said RBI's shared fraud-alert platform, IDPIC, is running as a pilot in 8 banks and RBI wants it expanded faster.
Who is affected: Every bank and NBFC board using AI in lending, fraud checks or customer support.
What to do: Record who is answerable for each AI tool in use. Banks not yet on IDPIC should ask RBI how to join.
Last date: No deadline given. Said at a public conference, 18 September 2026.
Source: The Tribune, 18 Sept 2026 ↗
What it means for your job
Branch and retail: ICICI Bank's website moved to icici.bank.in. Tell customers who ask: their user ID and password still work. Watch for fake old-look sites.
Compliance and risk: RBI says AI mistakes are the board's fault, not the machine's. Name one board-level owner for every AI tool your bank uses.
Credit and lending: September home loan rates start at 7 percent at Bank of Maharashtra and Central Bank of India. SBI is at 7.25 percent, HDFC at 7.75 percent.
Payments and technology: RBI's shared fraud-alert platform IDPIC is piloting in 8 banks. RBI wants it expanded faster to fight digital payment fraud.
NBFC and co-operative: RBI's new KYC rule lets co-op banks use the simplified overseas document route for Foreign Portfolio Investors too, not just NRIs.
People and industry: South Indian Bank named Ananth Babu senior GM and head of credit cards. Indian Bank's MD says its life insurance entry is on track, seeking board nod.
Careers and learning: SBI Clerk 2026: 9,766 posts open, 7,680 regular and 1,444 backlog. Prelims are on 26, 27 September and 3 October.
Treasury: India's forex reserves fell $4.9 billion to $780.8 billion in the week to 12 September, RBI data show, on dollar strength and RBI's own dollar sales.
Banker problem solver
A customer calls saying they got a message about ICICI Bank's 'new website' asking them to verify their account by clicking a link. What do you tell them?
ICICI Bank genuinely moved to a new address, icici.bank.in, this week, on RBI's order. Fraudsters are expected to copy this with fake lookalike links.
- Confirm the real new address is icici.bank.in. Nothing else.
- Tell the customer: no bank ever asks for a password or OTP by clicking a link.
- If they already clicked a suspicious link, tell them to change their password now and call the fraud helpline.
Fraud and risk check
Check today: Any message about a bank's 'new website' that asks you to click a link and enter your password or OTP is fake. Real bank domain changes, like ICICI's move to icici.bank.in, never need you to re-verify by clicking a link.
Career and technology help
IIBF training: the data law bankers need to know
IIBF is running a one-day virtual training on the Digital Personal Data Protection Act on 25 September. Last date to register is 23 September. This law affects how every bank handles customer data.
Source: IIBF, Latest Announcements ↗
One important number
9,766
Posts SBI is hiring for in its 2026 Clerk recruitment: 7,680 regular and 1,444 backlog vacancies. Prelims exam is 26, 27 September and 3 October.
Important dates
21 September — IBPS RRB application deadline, 2 days away, for over 13,700 posts.
23 September — Last date to register for IIBF's Digital Personal Data Protection Act training.
26-27 September, 3 October — SBI Clerk 2026 prelims exam dates.
26 October — HDFC Bank CEO Sashidhar Jagdishan's term ends. RBI's decision on the successor shortlist is still awaited.
One question
Should a bank's board be personally fined if the bank's AI wrongly rejects your loan? Yes / No