RBI tells banks to monitor accounts linked to newly banned Shahzad Bhatti Network
The Reserve Bank of India, in a circular dated 24 September 2026 (RBI/2026-2027/270), has directed banks and other regulated entities to implement a Ministry of Home Affairs notification (S.O. 5080(E), dated 16 September 2026) that designates the "Shahzad Bhatti Network (SBN)" as a terrorist organisation.