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IFSCA Circular — Review of SCC framework for trading on IIBX (official IFSCA PDF)
MandatoryDirect bullion trading on IIBX ends — banks and jewellers must route via members by 13 November
IFSCA ends direct IIBX access for Special Category Clients from 27 Oct 2026: every participant, including nominated banks, must now trade as a client of a Bullion Trading Member; existing SCCs get until 13 Nov 2026.
IFSCA Circular — Review of SCC framework for trading on IIBX (official IFSCA PDF)
28 October 2026Eff. 27 October 202611 min
CBIC Circular No. 261/07/2026-GST (official CBIC Tax Information Portal PDF)
Banks and NBFCs can claim 50% ITC without splitting every bill — CBIC Circular 261 settles who qualifies
CBIC Circular 261/2026-GST settles Section 17(4): which banks and NBFCs may claim 50% ITC, why one choice binds all engaged registrations, and how to report it in GSTR-3B.
CBIC Circular No. 261/07/2026-GST (official CBIC Tax Information Portal PDF)
28 October 2026Eff. 26 October 202611 min
RBI Eleventh Amendment Directions, 2026 (RBI/2026-27/297) — rbi.org.in (official)
MandatoryRBI Finalises Leverage Ratio 2017 Standard: Eleventh Amendment Directions, 2026 Effective 1 April 2027
RBI's Eleventh Amendment Directions, 2026 finalise the Basel leverage-ratio standard from 1 April 2027: 4% for D-SIBs, 3.5% for other banks, G-SIB-branch buffer.
RBI Eleventh Amendment Directions, 2026 (RBI/2026-27/297) — rbi.org.in (official)
23 October 202610 min
RBI Official Notifications
RBI Removes 0.25% Net-Worth Cap on Non-Option Rupee Derivatives for Banks
RBI has deleted paragraph 37 of the Miscellaneous Directions, 2025 for commercial banks (RBI/2026-27/294) and small finance banks (RBI/2026-27/295), removing the 0.25%-of-net-worth cap on gross PV01 of non-option rupee derivative contracts. Effective 19 October 2026.
RBI Official Notifications
19 October 2026Eff. 19 October 20268 min
Risk Management and Inter-Bank Dealings
MandatoryRBI Circular 27: INR NDDCs for Non-Residents Only for Hedging, and 20% FERR on Banks' Own Hedges (October 2026)
RBI's 12 Oct 2026 Circular 27 limits INR non-deliverable derivatives for non-residents to hedging and requires Authorised Dealers to keep a 20% cash FERR on contracts hedging their own assets and liabilities.
Risk Management and Inter-Bank Dealings
13 October 2026Eff. 12 October 202610 min
RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirements
RBI Special Dollar Window for IOC, HPCL and BPCL: What It Means From 12 October 2026
RBI will sell US dollars through designated banks to meet the entire daily dollar needs of Indian Oil, HPCL and BPCL from 12 October 2026, until further notice.
RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirements
10 October 2026Eff. 12 October 20267 min
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI Raises Daily Minimum CRR Maintenance from 90% to 99% Effective October 16, 2026
RBI circular RBI/2026-27/290 dated October 9, 2026 raises the daily minimum CRR maintenance for scheduled banks from 90% to 99% of the required CRR, effective from the fortnight beginning October 16, 2026.
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
9 October 2026Eff. 16 October 202612 minRBI OFFICIAL GAZETTE BRIEFReserve Bank of India
Reserve Bank of India
RBI Aligns QCCP Clearing Member Risk Weight Rules Across Banks and AIFIs: October 2026 Capital Adequacy Amendments
On 7 October 2026, RBI amended the 2025 capital adequacy Directions for Commercial Banks, Small Finance Banks, Payments Banks and AIFIs, replacing the QCCP clearing-member risk weight provision. Commercial Banks also get revised incurred CVA loss rules.
Reserve Bank of India
7 October 202612 min
RBI issues Amendment Directions on ‘Simplified approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds’
RBI One-Time Approval for Major Shareholding in Banks: Mutual Funds, Insurers and Pension Funds Get a Re-Entry Route (October 2026)
On 1 October 2026 the RBI issued four Amendment Directions letting it grant one-time approval to mutual funds, insurers and pension funds for subsequent acquisitions of major shareholding of up to 10% in commercial, small finance, payments and local area banks.
RBI issues Amendment Directions on ‘Simplified approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds’
1 October 2026Eff. 1 October 202620 min
Cassette - Swaps in ATMs
RBI Allows Banks to Delegate ATM Cassette Swap Monitoring to a Committee of Executives
RBI circular RBI/2026-27/273 of 1 October 2026 lets a bank's Board delegate monitoring of ATM cassette swap implementation to a Committee of Executives. It partially modifies para 3 of the 31 March 2022 circular.
Cassette - Swaps in ATMs
1 October 2026Eff. 1 October 20268 min