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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

RBI issued Master Directions on Authorisation to Operate a Payment System on June 15, 2026. The framework consolidates earlier rules, strengthens perpetual validity, on-tap authorisation, surrender, cooling period, and FATF-linked investment restrictions.
RBI Issues Master Directions on Authorisation to operate a Payment System
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