Showing 286 of 286
RBI
MandatoryRBI Overhauls Customer Liability Framework for Digital Banking Fraud, Adds Compensation Scheme — Effective January 1, 2027
RBI's seven Amendment Directions (June 24, 2026) replace the narrower unauthorised-transaction liability rule with a wider fraudulent-EBT framework, cap complaint resolution at 45/60 days, and launch a new small-value fraud compensation scheme, effective January 1, 2027.
25 June 2026Eff. 1 January 202714 min
RBI
MandatoryRBI Overhauls NBFC Upper Layer Identification: ₹1 Lakh Crore Asset Threshold, Government NBFC Inclusion and Concentration Norm Reforms — Amendment Directions 2026
RBI replaces complex NBFC-UL scoring methodology with a simple ₹1,00,000 crore asset threshold, brings Government NBFCs under Scale Based Regulation, and withdraws their concentration norm exemptions. Effective June 24, 2026.
25 June 2026Eff. 24 June 202621 min
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
RBI Withdraws 732 Defunct FEMA Circulars Under Regulatory Rationalisation Drive (A.P. DIR Series Circular No. 18, 2026)
RBI has withdrawn 732 A.P. (DIR Series) circulars issued since June 2000 under FEMA 1999, covering ECB, FDI, LRS, NRI deposits, AML/KYC, and Exim Bank LoCs—all rendered redundant by subsequent amendments.
Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
25 June 2026Eff. 24 June 202616 min
Ease of Doing Business – Relaxation in certification requirement for Persons Associated with Investment Advice (PAIA) – Sales and other non-core services
MandatorySEBI Relaxes NISM Certification Requirements for Sales and Non-Core PAIA
SEBI permits PAIA performing only sales and non-core services to obtain NISM Series-XXV-B instead of X-A and X-B. Existing eligible certificate holders receive relief until their certifications expire.
Ease of Doing Business – Relaxation in certification requirement for Persons Associated with Investment Advice (PAIA) – Sales and other non-core services
24 June 2026Eff. 24 June 202619 min
RBI issues draft ‘Guidance on Regulatory Principles for Model Risk Management’
RBI Draft Guidance on Model Risk Management 2026: Board-Level MRMF, AI Kill Switches, Kill-Switch Mandates & Third-Party Accountability — Public Comments by July 24
RBI released draft 'Guidance on Regulatory Principles for Model Risk Management 2026' (PR 2026-2027/528) on June 24, 2026. Applies to all models across 11 RE categories. Mandates Board-approved MRMF, risk tiering, AI kill switches, third-party accountability. Comments by July 24, 2026.
RBI issues draft ‘Guidance on Regulatory Principles for Model Risk Management’
24 June 202624 min
SEBI Proposes Common Advertisement Code for Specified Regulated Entities
SEBI Common Advertisement Code (CAC) for Regulated Entities
SEBI’s consultation paper proposes a single Common Advertisement Code for specified regulated entities, replacing fragmented entity- and exchange-specific ad rules with a unified, digital, investor-protection framework
SEBI Proposes Common Advertisement Code for Specified Regulated Entities
24 June 202627 min
Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026
MandatoryRBI Issues Master Direction on Trade Receivables Discounting System (TReDS) 2026
RBI issued final TReDS Master Directions 2026 (RBI/DPSS/2026-27/406) on June 23, 2026. MSME seller due diligence removed, ₹25 crore net worth mandated (existing operators by Mar 31, 2028), credit guarantee from GoI trusts permitted, re-discounting enabled.
Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026
24 June 2026Eff. 23 June 202619 min
RBI
MandatoryRBI Temporarily Withdraws FCNR(B) and NRE Deposit Interest Rate Ceiling Across All Bank Categories — Six Amendment Directions Dated June 17, 2026
RBI issued six Amendment Directions dated June 17, 2026, temporarily withdrawing the interest rate ceiling on FCNR(B) deposits (3-5 year tenors) and the restriction on NRE deposit rates (3 years and above) across all categories of banks, till September 30, 2026.
23 June 2026Eff. 17 June 202620 min
Reporting of FCNR (B) Deposits, ECB and OFCB mobilized under Reserve Bank’s Swap Facility
MandatoryRBI Mandates Daily Reporting of FCNR(B) Deposits, ECB and OFCB Mobilised Under Swap Facility — A.P. (DIR Series) Circular No. 15 Dated June 19, 2026
RBI's A.P. (DIR Series) Circular No. 15 dated June 19, 2026 directs all AD Category-I banks to submit daily reports on FCNR(B) deposits, ECBs and OFCBs mobilised under the Swap Facility circulars dated June 8, 2026, by 6 p.m. daily, with first reporting due June 22, 2026.
Reporting of FCNR (B) Deposits, ECB and OFCB mobilized under Reserve Bank’s Swap Facility
23 June 2026Eff. 19 June 202610 min
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026
MandatoryFEMA 395(4)/2026-RB: NRI/OCI Investment Payment Rules Amended — NRO Accounts Permitted for NPS, Designated Rupee Account Mandated
RBI issued FEMA 395(4)/2026-RB on June 13, 2026 amending Mode of Payment for NRI/OCI investments. Key changes: NRO accounts now permitted for NPS subscriptions, designated repatriable rupee account required for Schedule III, and LEC (IFI) reporting updated.
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026
23 June 2026Eff. 13 June 202615 min