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1
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December 03, 2025
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RBI/2025-26/102
A.P. (DIR Series) Circular No.17
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Liberalised Remittance Scheme (LRS)- Submission of ‘LRS Daily Return’ by Authorised Dealers- Category -II banks/ entities and Full- Fledged Money Changers
RBI has mandated that Authorised Dealer Category-II banks/entities and Full-Fledged Money Changers (FFMCs) must directly submit ‘LRS Daily Return’ on the Centralised Information Management System (CIMS) from January 1, 2026, instead of routing through Category-I banks.These entities will now have direct CIMS access to check the PAN-wise cumulative remittances made by resident individuals before processing further LRS transactions, strengthening compliance. The requirement includes filing the daily return (including ‘nil’ reports) and following the prescribed user manual for submission procedures.
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2
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December 04, 2025
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RBI/2025-26/103
DOR.MCS.REC.No.310/01-01-032/ 2025-26
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Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Amendment Directions, 2025
The RBI amended its Responsible Business Conduct Directions for commercial banks to strengthen customer-centric norms, notably revising Basic Savings Bank Deposit (BSBD) account provisions to mandate free core facilities such as ATM/debit cards, internet/mobile banking, and minimum free withdrawals without balance requirements. Banks are required to offer easy conversion of existing savings accounts into BSBD accounts within a specified period and ensure essential services (e-statements, cheque books) are provided. These amendments aim to enhance responsible business conduct, financial inclusion, and customer protection under the broader regulatory framework.
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3
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December 04, 2025
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RBI/2025-26/104
DOR.MCS.REC.No.311/01-01-033/ 2025-26
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Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Amendment Directions, 2025
RBI amended the Responsible Business Conduct Directions for Small Finance Banks (SFBs) to align them with updated customer-centric and fair conduct norms, particularly regarding Basic Savings Bank Deposit (BSBD) accounts. Key changes require SFBs to offer BSBD accounts with essential free services (e.g., ATM/debit cards, internet/mobile banking, minimum withdrawals) and simplify account conversions, enhancing financial inclusion. These amendments harmonize SFB conduct rules with those for other bank categories, promoting transparency, accessibility, and responsible banking practices.
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4
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December 04, 2025
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RBI/2025-26/105
DOR.MCS.REC.No.312/01-01-034/ 2025-26
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Reserve Bank of India (Payments Banks - Responsible Business Conduct) Amendment Directions, 2025
RBI amended the Responsible Business Conduct Directions for Payments Banks to align them with updated customer-centric norms under the Basic Savings Bank Deposit (BSBD) account framework. The amendments require Payments Banks to offer BSBD accounts with essential free services (e.g., ATM/debit cards, digital access, minimum free withdrawals) and eliminate minimum balance requirements. These changes harmonize Payments Banks’ conduct obligations with those for other bank categories, enhancing accessibility, transparency, and responsible banking practices.
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5
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December 04, 2025
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RBI/2025-26/106
DOR.MCS.REC.No.313/01-01-035/ 2025-26
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Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Amendment Directions, 2025
RBI updated the Responsible Business Conduct framework for Local Area Banks (LABs) to incorporate revised Basic Savings Bank Deposit (BSBD) account norms promoting affordable, customer-friendly banking as part of wider BSBD reforms. LABs must offer BSBD accounts as a standard service with free essential facilities (e.g., unlimited deposits, debit/ATM cards without annual charges, internet/mobile banking, e-statements, and minimum free withdrawals) without minimum balance or initial deposit requirements. The amendments also introduce a definition of “Digital Payment Transaction”, require transparent communication of account features, and allow conversion of existing accounts into BSBD accounts, effective April 1, 2026 (or earlier on adoption).
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6
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December 04, 2025
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RBI/2025-26/107
DOR.MCS.REC.No.314/01-01-036/ 2025-26
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Reserve Bank of India (Regional Rural Banks - Responsible Business Conduct) Amendment Directions, 2025
RBI amended the Responsible Business Conduct Directions for Regional Rural Banks (RRBs) to update customer-focused norms, especially aligning Basic Savings Bank Deposit (BSBD) account features with broader banking standards. The amendments require RRBs to offer BSBD accounts as a standard service with free minimum facilities (e.g., ATM/debit cards without annual fees, cheque books, digital banking, and four free withdrawals) and no minimum balance or initial deposit. RRBs must allow conversion of existing savings accounts to BSBD accounts, define “Digital Payment Transaction” consistently, and publicize BSBD features to customers to improve transparency and financial inclusion.
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7
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December 04, 2025
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RBI/2025-26/108
DOR.MCS.REC.No.315/01-01-037/ 2025-26
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Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Amendment Directions, 2025
RBI amended the Responsible Business Conduct Directions for Urban Co-operative Banks (UCBs) to align them with revised Basic Savings Bank Deposit (BSBD) account norms that enhance customer rights and access to free basic banking services. UCBs must offer BSBD accounts without initial deposit or minimum balance, extend free facilities (e.g., debit/ATM card, digital banking, free withdrawals) on request even for existing accounts, and clearly publicize BSBD features to customers. The amendments also require non-discriminatory provision of additional facilities (with transparent charges), and allow conversion of existing savings accounts into BSBD accounts under the updated responsible business conduct framework.
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8
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December 04, 2025
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RBI/2025-26/109
DOR.MCS.REC.No.316/01-01-038/ 2025-26
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Reserve Bank of India (Rural Co-operative Banks - Responsible Business Conduct) Amendment Directions, 2025
The RBI amended the Responsible Business Conduct Directions for Rural Co-operative Banks (RCBs) to incorporate revised Basic Savings Bank Deposit (BSBD) account norms aimed at enhancing customer access and financial inclusion. RCBs must offer BSBD accounts as a standard banking service with essential free facilities (like ATM/debit cards, digital banking, cheque books, free deposits and four free withdrawals, and no minimum balance or initial deposit) and allow conversion of existing savings accounts upon request. The amendments also introduce a “Digital Payment Transaction” definition and require clear publicization of BSBD features to customers, effective from April 1, 2026 (or earlier if adopted).
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9
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December 04, 2025
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RBI/DOR/2025-26/110
DOR.FIN.REC.No.317/20.16.056/ 2025-26
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Reserve Bank of India (Commercial Banks - Credit Information Reporting) Amendment Directions, 2025
RBI amended the credit information reporting framework for Commercial Banks to strengthen the accuracy, timeliness and reliability of credit data submitted to Credit Information Companies (CICs), improving the quality of credit information used in underwriting and monitoring. The amendments require systematic reporting with multiple reference dates (including full-file and incremental submissions) and mandate inclusion of data such as active and closed accounts, CKYC numbers, with strict timelines and rectification of rejected records. The revised directions, effective July 1, 2026, aim to ensure more frequent and comprehensive data exchange between banks and CICs, enhancing transparency, borrower identification, and credit risk assessment.
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10
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December 04, 2025
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RBI/DOR/2025-26/111
DOR.FIN.REC.No.318/20.16.056/ 2025-26
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Reserve Bank of India (Small Finance Banks - Credit Information Reporting) Amendment Directions, 2025
RBI amended the credit information reporting framework for Small Finance Banks (SFBs) to strengthen and standardize credit data submission to Credit Information Companies (CICs), effective July 1, 2026. Under the revised norms, SFBs must submit credit information on multiple reference dates (9th, 16th, 23rd, and month-end) with full-file monthly submissions and incremental updates within four days of interim dates. The amendments also mandate reporting of Central KYC (CKYC) numbers and timely rectification of rejected data to improve accuracy, timeliness, and comprehensiveness of credit reporting.
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11
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December 04, 2025
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RBI/DOR/2025-26/112
DOR.FIN.REC.No.319/20.16.056/ 2025-26
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Reserve Bank of India (Local Area Banks - Credit Information Reporting) Amendment Directions, 2025
RBI amended the Credit Information Reporting Directions for Local Area Banks (LABs) to enhance the frequency, accuracy and timeliness of credit data submitted to Credit Information Companies (CICs), aligning LABs with other credit institutions. The amended framework requires LABs to submit credit information on multiple reference dates with both full-file and incremental updates, include details like CKYC numbers, and ensure prompt rectification of rejected data. These changes aim to improve the quality of credit information available for credit assessment and risk monitoring across the lending ecosystem.
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12
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December 04, 2025
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RBI/DOR/2025-26/113
DOR.FIN.REC.No.320/20.16.056/ 2025-26
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Reserve Bank of India (Regional Rural Banks - Credit Information Reporting) Amendment Directions, 2025
RBI amended the Credit Information Reporting Directions for Regional Rural Banks (RRBs) to strengthen the frequency, accuracy and timeliness of credit data submitted to Credit Information Companies (CICs), aligning RRBs with updated reporting norms. Under the revised framework, RRBs must submit credit information on four monthly reference dates (9th, 16th, 23rd, and last day) with full-file submissions by the 5th of the next month and incremental updates within four days of each interim date. The amendments also require reporting of Central KYC (CKYC) numbers, timely rectification of rejected data, and become effective July 1, 2026, enhancing overall credit reporting quality and oversight.
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13
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December 04, 2025
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RBI/DOR/2025-26/114
DoR.FIN.REC.No.321/20.16.056/ 2025-26
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Reserve Bank of India (Urban Co-operative Banks - Credit Information Reporting) Amendment Directions, 2025
RBI amended the credit information reporting framework for Urban Co-operative Banks (UCBs) to improve the accuracy, timeliness, and quality of credit data submitted to Credit Information Companies (CICs), effective July 1, 2026. UCBs must submit credit information on four monthly reference dates (9th, 16th, 23rd, and last day), with full-file submissions by the 5th of the next month and incremental updates within four days of interim dates. The amendments also require reporting Central KYC (CKYC) numbers where available and prompt rectification of rejected data, enhancing transparency and regulatory oversight of credit reporting.
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14
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December 04, 2025
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RBI/DOR/2025-26/115
DOR.FIN.REC.No. 322/20.16.056/ 2025-26
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Reserve Bank of India (Rural Co-operative Banks - Credit Information Reporting) Amendment Directions, 2025
RBI amended the credit information reporting framework for Rural Co-operative Banks (RCBs) to enhance the frequency, accuracy and timeliness of credit data submitted to Credit Information Companies (CICs), effective July 1, 2026. RCBs must report credit information on four monthly reference dates (9th, 16th, 23rd, and last day) with full-file submissions by the 5th of the following month and incremental updates within four days of interim dates. The amendments also require reporting Central KYC (CKYC) numbers where available and prompt rectification of rejected data to improve transparency and the quality of credit reporting.
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15
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December 04, 2025
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RBI/DOR/2025-26/116
DOR.FIN.REC.No.323/20.16.056/ 2025-26
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Reserve Bank of India (All India Financial Institutions - Credit Information Reporting) Amendment Directions, 2025
RBI issued amendments to the credit information reporting framework for All India Financial Institutions (AIFIs) (EXIM Bank, NABARD, NHB, SIDBI, NaBFID) to require more frequent, structured, and timely submission of credit data to Credit Information Companies (CICs), effective July 1, 2026. AIFIs must report credit information on four monthly reference dates (9th, 16th, 23rd, and month-end) with full-file submissions by the 5th of the next month and incremental updates within four days of interim dates covering new, closed, or changed accounts. The amendments also mandate reporting of Central KYC (CKYC) numbers where available and rectification of rejected data, improving the accuracy, quality, and recency of credit information used in credit assessments.
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16
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December 04, 2025
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RBI/DOR/2025-26/117
DOR.FIN.REC.No.324/ 20.16.056/2025-26
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Reserve Bank of India (Non-Banking Financial Companies - Credit Information Reporting) Amendment Directions, 2025
RBI amended the Credit Information Reporting Directions for Non-Banking Financial Companies (NBFCs) to enhance the frequency, accuracy, and timeliness of credit data submitted to Credit Information Companies (CICs), aligning NBFC reporting with updated industry norms. Under the revised framework (effective July 1, 2026), NBFCs must submit credit information on four monthly reference dates (9th, 16th, 23rd, and last day), with a full file of all active and closed accounts due by the 5th of the next month. The amendments aim to improve data quality and timeliness of credit information used for credit assessments and risk monitoring across the financial system.
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17
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December 04, 2025
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RBI/DOR/2025-26/118
DOR.FIN.REC.No.325/ 20.16.056/2025-26
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Reserve Bank of India (Asset Reconstruction Companies - Credit Information Reporting) Amendment Directions, 2025
RBI amended credit information reporting norms for Asset Reconstruction Companies (ARCs) to strengthen the frequency, accuracy, and timeliness of credit data submitted to Credit Information Companies (CICs), effective July 1, 2026. ARCs must now submit credit information on four fixed reference dates each month (9th, 16th, 23rd, and last day) with full-file submissions by the 5th of the next month and incremental updates within four days of interim dates. The amendments also mandate reporting of Central KYC (CKYC) numbers when available and prompt rectification and re-submission of rejected data to improve transparency and the quality of credit reporting.
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18
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December 04, 2025
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RBI/DOR/2025-26/119
DoR.FIN.REC.No.326/ 20.16.056/2025-26
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Reserve Bank of India (Credit Information Companies) Amendment Directions, 2025
RBI amended the Credit Information Companies Directions to strengthen and standardise the credit reporting ecosystem, requiring more frequent, structured submission of credit data by Credit Institutions (CIs) to Credit Information Companies (CICs), effective July 1, 2026. CIs must now submit credit information on four fixed monthly reference dates (9th, 16th, 23rd, and month-end), with full-file submissions by the 5th of the next month and CICs required to share rejection reports promptly. Amendments also mandate uniform data validation, standard formats, DQI reporting, and timely rectification of rejected data to improve transparency, accuracy, and the quality of credit information across the financial system.
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19
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December 04, 2025
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RBI/DOR/2025-26/123
DOR.SOG(SPE).REC.No.329/ 13-04-001/ 2025-26
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Reserve Bank of India (Rural Co-operative Banks - Miscellaneous) (Amendment) Directions, 2025
RBI amended the Rural Co-operative Banks - Miscellaneous Directions, 2025 to require that Rural Co-operative Banks (RCBs) prominently display their full registered name (as per the Certificate of Registration and RBI licence) on all stationery, websites, apps, advertisements, and publicity materials, even if abbreviations/logos are used for branding. The amendment mandates that the full legal name and the words “co-operative bank / sahakari bank” be clearly highlighted alongside any abbreviated branding to enhance transparency and public clarity. Additionally, it introduces new norms for State Co-operative Banks seeking inclusion in the Second Schedule of the RBI Act, including higher CRAR requirements, absence of supervisory concerns, and submission of financial and governance documents via NABARD.
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20
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December 04, 2025
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RBI/DOR/2025-26/120
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Reserve Bank of India (Urban Co-operative Banks - Licensing, Scheduling and Regulatory Classification) Repeal Guidelines, 2025
RBI repealed the earlier Urban Co-operative Banks - Licensing, Scheduling and Regulatory Classification Guidelines, 2025 issued on November 28, 2025 and simultaneously replaced them with a new updated set issued on December 04, 2025. Despite the repeal, all actions, approvals, liabilities, penalties, investigations and legal proceedings under the earlier guidelines continue to remain valid and enforceable as if they had not been repealed. This ensures continuity and legal certainty in the regulatory framework for Urban Co-operative Banks while transitioning to the revised guidelines.
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21
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December 04, 2025
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RBI/DOR/2025-26/121
DOR.LIC.REC. No.327/07-01-000/2025-26
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Reserve Bank of India (Urban Co-operative Banks - Branch Authorisation) Repeal Directions, 2025
RBI repealed and replaced the earlier Urban Co-operative Banks - Branch Authorisation Directions, 2025 (issued on November 28, 2025) with a new updated set of Directions on the same day. The repeal ensures that all actions, approvals, liabilities, penalties, investigations, and legal proceedings under the previous Directions continue to remain valid and enforceable as if they had not been repealed. This move is part of RBI’s broader harmonisation of business authorisation norms for co-operative banks to enhance operational efficiency and regulatory clarity.
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22
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December 04, 2025
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RBI/DOR/2025-26/122
DOR.LIC.REC. No.328/07-01-000/2025-26
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Reserve Bank of India (Rural Co-operative Banks - Branch Authorisation) Repeal Directions, 2025
RBI formally repealed the earlier Rural Co-operative Banks - Branch Authorisation Directions, 2025 issued on November 28, 2025, and replaced them with an updated set issued on December 04, 2025, to reflect its revised branch authorisation framework for rural co-operative banks. Despite the repeal, all actions, approvals, liabilities, penalties, investigations and legal proceedings under the previous Directions continue to remain valid and enforceable as if those Directions had not been repealed. This ensures continuity of regulatory oversight while updating procedural and operational norms for branch authorisation in rural co-operative banks.
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23
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December 04, 2025
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RBI/2025-26/124
DOR.CRE. REC.334/07-01-001/2025-26
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Reserve Bank of India (Commercial Banks - Credit Facilities) Amendment Directions, 2025
RBI amended the Commercial Banks - Credit Facilities Directions, 2025 to introduce comprehensive Gold Metal Loan (GML) provisions, defining types of GML, prudential norms, risk management, monitoring and valuation requirements for banks’ lending to jewellers and related borrowers. The amendment replaces and updates Chapter V of the original Directions with Chapter V(A), prescribing due diligence, capital adequacy, lending policy and quarterly reporting of GML exposures based on daily LBMA gold prices to strengthen transparency and risk control. These changes are effective from April 1, 2026 and aim to enhance operational clarity, risk management and disclosure standards for credit facilities involving gold-linked lending.
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24
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December 04, 2025
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RBI/2025-26/125
DOR.CRE. REC.338/07-01-002/2025-26"
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Reserve Bank of India (Small Finance Banks - Credit Facilities) Amendment Directions, 2025
RBI amended the Small Finance Banks - Credit Facilities Directions to overhaul the Gold Metal Loan (GML) framework for SFBs, introducing definitions for GML types including GMS-linked and import-linked loans to jewellers and MMTC Limited. The amendment repeals and replaces Chapter V with Chapter V(A), prescribing prudential guidelines on due diligence, risk management, capital adequacy, valuation and repayment options (in gold or cash) under the GML scheme. It also mandates quarterly reporting of GML exposures to RBI via a new supervisory return and is effective April 1, 2026 (banks may opt for earlier implementation).
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25
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December 04, 2025
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RBI/2025-26/126
DOR.CRE. REC.333/07-03-001/ 2025-26
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Reserve Bank of India (Commercial Banks - Concentration Risk Management) Amendment Directions, 2025
The RBI amended its Concentration Risk Management framework to refine the Large Exposures Framework (LEF) and Intragroup Transactions & Exposures (ITE) rules, especially clarifying prudential treatment for foreign bank branch exposures to their head offices and group entities. The changes standardize methodological aspects of exposure calculation, strengthening banks’ risk management practices and regulatory consistency. These amendment directions finalize stakeholder feedback on earlier drafts and reinforce prudential safeguards against excessive concentration risks in commercial banks.
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26
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December 04, 2025
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RBI/2025-26/127
DOR.CRE.REC.337/07-03-002/ 2025-26
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Reserve Bank of India (Small Finance Banks - Concentration Risk Management) Amendment Directions, 2025
The RBI amended the original Small Finance Banks (Concentration Risk Management) Directions to strengthen how small finance banks identify, monitor and manage concentration risks from exposures to single counterparties, interconnected borrower groups, key sectors and ultra-large borrowers. It introduced explicit requirements for Board-approved concentration risk policies and repealed the earlier chapter on enhancing credit supply to large borrowers via market mechanisms. The amendments take effect from January 1, 2026, aligning concentration risk norms with broader prudential standards and ensuring consistency with related directions on asset classification and capital adequacy.
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27
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December 04, 2025
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RBI/2025-26/128
DOR.STR.REC.336/21-04-048/ 2025-26
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Reserve Bank of India (Commercial Banks - Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2025
The amendment modifies the existing Income Recognition, Asset Classification and Provisioning (IRACP) Directions, 2025 for commercial banks to provide greater flexibility in provisioning practices. A key change is the deletion of Paragraph 117 under the provisioning norms, allowing banks to reverse provisions previously made or transfer them to the general reserve, enhancing balance sheet management options. These changes aim to support prudent financial management while aligning the prudential framework with evolving banking practices and regulatory reforms.
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28
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December 04, 2025
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RBI/2025-26/129
DOR.STR.REC.340/21-04-048/ 2025-26
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Reserve Bank of India (Small Finance Banks - Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2025
The RBI amended the Small Finance Banks IRACP Directions by deleting Paragraph 113 under Chapter IV on provisioning norms, allowing greater flexibility in provision management. As a result, small finance banks can reverse previously released provisions or transfer them to the general reserve, enhancing their balance sheet management options. The amendment takes effect from January 1, 2026, aligning provisioning practices with broader prudential norms and supporting prudent risk management.
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29
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December 04, 2025
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RBI/2025-26/130
DOR.CRE.REC.335/21-01-002/ 2025-26
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Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2025
The RBI amended the capital adequacy norms for commercial banks by deleting Paragraph 78 under Chapter IV on Risk-Weighted Assets (RWAs), altering how certain exposures are risk-weighted in capital calculations. This change aims to streamline the prudential framework and align capital computation with updated risk management practices following broader regulatory revisions, including concentration risk norms. The amendment takes effect from January 1, 2026, giving banks time to adjust to the revised RWA methodology and maintain appropriate capital buffers.
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30
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December 04, 2025
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RBI/2025-26/131
DOR.CRE.REC.339/21-01-002/ 2025-26
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Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2025
The RBI issued amendment directions to the Small Finance Banks’ Prudential Norms on Capital Adequacy, updating the existing framework that prescribes minimum capital requirements and risk-weighting rules for SFBs. Key changes clarify and revise definitions and requirements within the capital adequacy regime to align with evolving regulatory standards and strengthen SFBs’ capital buffers. These amendments are effective January 1, 2026, ensuring SFBs maintain robust capital positions relative to risk-weighted assets under the updated norms.
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31
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December 05, 2025
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RBI/2025-26/132
FMOD.MAOG.No.153/01.01.001/ 2025-26
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Liquidity Adjustment Facility - Change in rates
The Reserve Bank of India reduced the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points, lowering it from 5.50 % to 5.25 % with immediate effect. Consequently, the Standing Deposit Facility (SDF) rate is set at 5.00 % and the Marginal Standing Facility (MSF) rate at 5.50 %. All other terms and conditions of the existing LAF scheme remain unchanged following this adjustment.
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32
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December 05, 2025
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RBI/2025-26/133
REF.No.MPD.BC.401/07.01.279/ 2025-26
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Standing Liquidity Facility for Primary Dealers
The Reserve Bank of India reduced the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.50 % to 5.25 % with immediate effect as part of the bi-monthly Monetary Policy Statement. Consequently, the Standing Liquidity Facility (SLF) for Primary Dealers (PDs)—a collateralised liquidity support by RBI—is now available at the revised repo rate of 5.25 % effective immediately. This measure aligns PD liquidity support with the broader monetary easing stance adopted in the RBI’s December 05, 2025 policy decisions.
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33
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December 05, 2025
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RBI/2025-26/134
DoR.RET.REC.341/12.01.001/ 2025-26
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Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate
The Reserve Bank of India revised the Bank Rate downwards by 25 basis points from 5.75 % to 5.50 %, effective immediately as per the December 05, 2025 Monetary Policy Statement. Because penal interest on shortfalls in Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) is directly linked to the Bank Rate, the applicable penal rates have been reduced accordingly. Under the revised structure, penal interest now stands at Bank Rate + 3 percentage points or Bank Rate + 5 percentage points (e.g., 8.50 % or 10.50 %), replacing the earlier higher figures.
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34
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December 05, 2025
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RBI/DOR/2025-26/135
DOR.RAUG.AUT.REC.No.342/24.01.041/ 2025-26
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Reserve Bank of India (Commercial Banks - Undertaking of Financial Services) (Amendment) Directions, 2025
The RBI amended its Undertaking of Financial Services Directions to clarify and tighten rules on what financial services commercial banks and their group entities (including NBFCs/HFCs) can undertake, distinguishing core banking from non-core activities.It sets prudential limits on investments (e.g., single entity cap at 10%, aggregate cap at 20%), mandates that core functions like deposit acceptance be done departmentally, and requires some services (e.g., mutual funds, insurance, portfolio management) to be offered only through group entities. The amendments strengthen governance and risk management, extend applicability to NBFC/HFC group entities, and provide phased compliance timelines (action plans by Mar 31, 2026; full compliance by Mar 31, 2028).
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35
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December 05, 2025
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RBI/DOR/2025-26/136
DOR.RAUG.AUT.REC.No.346/24.01.041/ 2025-26
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Reserve Bank of India (Small Finance Banks - Undertaking of Financial Services) (Amendment) Directions, 2025
The RBI amended the Undertaking of Financial Services framework for Small Finance Banks (SFBs) to clarify permissible activities, strengthen governance, and require prior RBI approval for new business lines. It restricts non-core financial services (like mutual funds, insurance, portfolio management, broking, etc.) to be offered only through group entities (NOFHC-held) and not departmentally by the SFB itself. The directions also impose prudential investment limits (e.g., single entity cap at ~10%, aggregate cap at ~20%) and set clearer rules on agency/referral services and equity investments.
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36
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December 05, 2025
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RBI/DOR/2025-26/137
DOR.RAUG.AUT.REC.No.345/24.01.041/ 2025-26
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Reserve Bank of India (Payments Banks - Undertaking of Financial Services) (Amendment) Directions, 2025
The RBI amended the Payments Banks - Undertaking of Financial Services Directions, clarifying and standardising how payments banks may engage in financial services, especially in distributing third-party products like insurance, mutual funds, and pensions through agency and referral arrangements. It revised the definition of Agency Business to allow payments banks to act as non-risk agents of regulated third-party product/service providers, and defined Referral Services to ensure clear separation from the bank’s own processes and branding. The changes, effective from December 5 2025, aim to provide operational clarity, maintain regulatory compliance, protect customers, and align practices with the broader entity-wise Master Directions issued by the RBI.
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37
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December 05, 2025
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RBI/DOR/2025-26/138
DOR.RAUG.AUT.REC.No.343/24.01.041/ 2025-26
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Reserve Bank of India (Non-Banking Financial Companies - Undertaking of Financial Services) (Amendment) Directions, 2025
The Amendment inserts new guidelines for NBFCs that are group entities of Scheduled Commercial Banks, requiring them to also follow the commercial bank financial services rules when they and their parent undertake overlapping activities. It modifies the NBFC - Undertaking of Financial Services Master Directions to align governance and risk management across group structures and ensure consistent regulatory treatment. These changes, effective December 05, 2025, aim to strengthen oversight of NBFC group activities and reduce regulatory arbitrage within bank-NBFC groups.
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38
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December 05, 2025
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RBI/DOR/2025-26/139
DOR.RAUG.AUT.REC.No.344/24.01.041/ 2025-26
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Reserve Bank of India (Non-Operative Financial Holding Company) (Amendment) Directions, 2025
The RBI amended the NOFHC framework to clarify that all core banking activities permitted to banks must be done by the bank itself, while specialised financial services (e.g., mutual funds, insurance, pension management, investment advisory, portfolio management, broking) must be conducted only through subsidiaries, joint ventures, or associates under the NOFHC umbrella. NOFHCs do not need prior RBI approval to establish or hold entities engaged in the specified specialised activities but must intimate the RBI within 15 days of board decisions; prior approval is required for any other new business lines. The amendments also reinforce that the NOFHC group cannot undertake activities not permitted to banks, strengthening functional segregation and regulatory clarity across group structures.
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39
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December 08, 2025
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RBI/FMRD/2025-26/380
FMRD.DIRD.No.06/14.03.046/ 2025-26
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Master Direction - Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025
The RBI issued comprehensive master directions regulating rupee-denominated interest rate derivatives (IRD) transactions in both the OTC market and recognised stock exchanges, effective March 1, 2026. The Directions set eligibility criteria, user classifications (retail vs non-retail), participation rules, product offerings, reporting requirements, and non-resident position limits (e.g., PVBP cap) to ensure market transparency and risk management. They also require central market-makers and exchanges to comply with RBI approval processes for products and mandate detailed reporting to trade repositories, standardising and strengthening the regulatory framework.
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40
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December 08, 2025
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RBI/2025-26/140
A.P. (DIR Series) Circular No.18
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Export and Import of Indian Currency to or from Nepal and Bhutan
The RBI updated rules allowing persons (except citizens of Pakistan and Bangladesh) to take or send Indian currency notes of any amount in denominations up to ₹100 between India and Nepal/Bhutan and to carry higher-denomination notes above ₹100 up to ₹25,000 when travelling across those borders. Similarly, bringing Indian currency above ₹100 (up to ₹25,000) into India from Nepal/Bhutan is permitted under the revised guidelines. These changes supersede the earlier 2019 circular and align with amendments to the Foreign Exchange Management (Export and Import of Currency) Regulations, 2025, easing cross-border currency movement for travellers while maintaining regulatory safeguards.
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41
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December 08, 2025
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Notification No. FEMA 6 (R)/(4)/ 2025-RB
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Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025
The RBI amended the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015 via the 2025 Regulations to simplify cross-border movement of Indian currency between India and Nepal/Bhutan, empowering individuals (except citizens of Pakistan and Bangladesh) to carry notes up to ₹25,000 in denominations above ₹100 when travelling. It permits import and export of Indian currency notes (with revised denomination limits) for travellers and clarifies corresponding regulatory provisions under FEMA, replacing earlier 2019 restrictions. These changes aim to facilitate regional travel, tourism and trade, easing compliance while maintaining regulatory oversight under the Foreign Exchange Management Act, 1999.
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42
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December 11, 2025
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RBI/2025-26/141
DOR.CRE.REC.347/07-02-001/ 2025-26
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Reserve Bank of India (Commercial Banks - Credit Risk Management) - Amendment Directions, 2025
The RBI amended its Credit Risk Management Directions to revise how commercial banks manage credit exposures, especially in Cash Credit (CC), Current and Overdraft (OD) accounts, strengthening overall credit discipline and monitoring. Under the new framework, banks get greater operational flexibility for CC accounts and eased restrictions on current/OD accounts based on borrower exposure thresholds (e.g., freer maintenance below ₹10 crore), while requiring stricter eligibility, flagging and monitoring to prevent misuse. These changes streamline transaction account norms, enhance risk oversight and rationalise provisions based on industry feedback from the draft issued earlier in 2025.
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43
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December 11, 2025
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RBI/2025-26/142
DOR.CRE.REC.348/07-02-002/2025-26
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Reserve Bank of India (Small Finance Banks - Credit Risk Management) - Amendment Directions, 2025
The RBI revised the Credit Risk Management Directions for Small Finance Banks (SFBs) to introduce a new framework governing Cash Credit, Current, and Overdraft accounts, strengthening discipline and monitoring of fund flows for borrowers with higher exposures. Under the amended rules, current and overdraft accounts can be maintained only if the SFB holds at least 10% share in the borrower’s total banking system exposure, while cash credit accounts remain unrestricted as working capital facilities. The Directions also require enhanced compliance and monitoring (e.g., CBS flagging, periodic reviews), ban misuse for unauthorised transactions, and mandate term loan disbursements directly to beneficiaries, effective from April 1, 2026 (with early implementation optional).
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44
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December 11, 2025
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RBI/2025-26/145
DOR.CRE.REC.351/07-02-004/ 2025-26
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Reserve Bank of India (Regional Rural Banks - Credit Risk Management) - Amendment Directions, 2025
The RBI amended the Credit Risk Management Directions for Regional Rural Banks (RRBs) to introduce a strengthened framework for managing and monitoring Cash Credit (CC), Current, and Overdraft (OD) accounts, replacing earlier provisions with clearer, risk-based standards. The amendments focus on enhancing credit discipline and oversight by defining treatment of transaction accounts and ensuring robust eligibility, flagging, and monitoring practices tailored to RRBs’ risk profiles. These changes aim to improve transaction transparency and risk control across RRB credit portfolios, aligning practices with broader RBI credit risk norms for other bank categories.
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45
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December 11, 2025
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RBI/2025-26/146
DOR.CRE.REC.352/07-02-005/ 2025-26
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Reserve Bank of India (Urban Co-operative Banks - Credit Risk Management) - Amendment Directions, 2025
The RBI amended the Credit Risk Management Directions for Urban Co-operative Banks (UCBs) to enhance supervision of Cash Credit (CC), Current, and Overdraft (OD) accounts, introducing risk-based monitoring and eligibility standards. The Directions mandate stricter account monitoring, reporting, and flagging systems to prevent misuse of transaction accounts and ensure compliance with prudential norms. These changes aim to strengthen credit discipline, transparency, and risk control in UCB lending operations, aligning them with broader commercial and regional rural bank frameworks.
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46
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December 11, 2025
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RBI/2025-26/147
DOR.CRE.REC.353/07-02-006/2025-26
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Reserve Bank of India (Rural Co-operative Banks - Credit Risk Management) - Amendment Directions, 2025
The RBI amended the Credit Risk Management Directions for Rural Co-operative Banks (RCBs) to strengthen oversight of Cash Credit (CC), Current, and Overdraft (OD) accounts, introducing risk-based monitoring and eligibility criteria. The amendments require enhanced account monitoring, flagging, and reporting to prevent misuse of transaction accounts and ensure compliance with prudential lending norms. The changes aim to improve credit discipline, transparency, and risk management in RCB operations, bringing them in line with frameworks for other bank categories.
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47
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December 11, 2025
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RBI/2025-26/143
DOR.SOG(SPE).REC.349/ 13-04-001/ 2025-26
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Reserve Bank of India (Payments Banks - Miscellaneous) - Amendment Directions, 2025
The RBI amended the Miscellaneous Directions for Payments Banks to clarify operational, governance, and compliance requirements, covering aspects such as internal controls, reporting, and service offerings. The Directions introduce enhanced monitoring and risk management standards, ensuring that Payments Banks maintain prudential and operational discipline. These changes aim to streamline Payments Bank operations, improve regulatory clarity, and strengthen financial stability in line with broader banking sector norms.
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48
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December 11, 2025
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RBI/2025-26/144
DOR.CRE.REC.350/07-02-003/ 2025-26
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Reserve Bank of India (Local Area Banks - Credit Risk Management) - Amendment Directions, 2025
The RBI amended the Credit Risk Management Directions for Local Area Banks (LABs) to strengthen oversight of Cash Credit (CC), Current, and Overdraft (OD) accounts, introducing risk-based monitoring and eligibility criteria.
The Directions mandate enhanced account monitoring, flagging, and reporting systems to prevent misuse of transaction accounts and ensure compliance with prudential norms. These amendments aim to improve credit discipline, transparency, and risk control in LAB operations, aligning them with the frameworks applied to other bank categories.
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49
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December 11, 2025
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RBI/2025-26/148
DOR.RET.REC.354/12.01.001/ 2025-26
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Reserve Bank of India (Commercial Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025
The RBI amended the directions on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) to update compliance, reporting, and calculation norms for commercial banks. The changes clarify treatment of excess reserves, government securities, and eligible liquid assets, and streamline operational procedures for maintaining mandated ratios. The amendments aim to enhance liquidity management, ensure financial stability, and align banks’ statutory compliance with contemporary monetary policy requirements.
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50
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December 11, 2025
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RBI/2025-26/149
DOR.RET.REC.355/12.01.001/ 2025-26
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Reserve Bank of India (Small Finance Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025
The RBI amended the CRR and SLR directions for Small Finance Banks (SFBs) to clarify calculation, maintenance, and reporting requirements of cash reserves and statutory liquid assets. The Directions specify treatment of excess reserves, eligible government securities, and other liquid instruments, ensuring consistent liquidity management across SFBs. The amendments aim to strengthen financial stability, improve compliance, and align SFBs’ liquidity norms with broader banking sector practices.
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51
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December 11, 2025
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RBI/2025-26/150
DOR.RET.REC.356/12.01.001/ 2025-26
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Reserve Bank of India (Payments Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025
The RBI amended the CRR and SLR directions for Payments Banks to clarify computation, maintenance, and reporting of cash reserves and statutory liquid assets. The Directions define the treatment of excess reserves, eligible government securities, and other liquid assets, ensuring uniform liquidity management across Payments Banks. These amendments aim to enhance financial stability, strengthen regulatory compliance, and align Payments Banks’ liquidity requirements with broader banking sector norms.
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52
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December 11, 2025
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RBI/2025-26/151
DOR.RET.REC.357/12.01.001/ 2025-26
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Reserve Bank of India (Regional Rural Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025
The RBI amended the CRR and SLR directions for Regional Rural Banks (RRBs) to clarify computation, maintenance, and reporting requirements for cash reserves and statutory liquid assets. The Directions specify the treatment of excess reserves, eligible government securities, and other liquid instruments, ensuring consistent liquidity management across RRBs.These amendments aim to strengthen financial stability, improve regulatory compliance, and align RRBs’ liquidity norms with broader banking sector practices.
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53
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December 11, 2025
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RBI/2025-26/154
DOR.RET.REC.360/ 12.01.001/ 2025-26
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Reserve Bank of India (Rural Co-operative Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025
The RBI amended the CRR and SLR directions for Rural Co-operative Banks (RCBs) to clarify computation, maintenance, and reporting requirements for cash reserves and statutory liquid assets. The Directions define the treatment of excess reserves, eligible government securities, and other liquid instruments, ensuring consistent liquidity management across RCBs. These amendments aim to enhance financial stability, strengthen compliance, and align RCBs’ liquidity norms with broader banking sector practices.
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54
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December 11, 2025
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RBI/2025-26/152
DOR.RET.REC.358/ 12.01.001/ 2025-26
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Reserve Bank of India (Local Area Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025
The RBI amended the CRR and SLR directions for Local Area Banks (LABs) to clarify calculation, maintenance, and reporting requirements for cash reserves and statutory liquid assets. The Directions specify the treatment of excess reserves, eligible government securities, and other liquid instruments, ensuring uniform liquidity management across LABs. These amendments aim to strengthen financial stability, improve regulatory compliance, and align LABs’ liquidity norms with broader banking sector practices.
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55
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December 11, 2025
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RBI/2025-26/153
DOR.RET.REC.359/12.01.001/ 2025-26
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Reserve Bank of India (Urban Co-operative Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025
The RBI amended the CRR and SLR directions for Urban Co-operative Banks (UCBs) to clarify computation, maintenance, and reporting of cash reserves and statutory liquid assets. The Directions define the treatment of excess reserves, eligible government securities, and other liquid instruments, ensuring consistent liquidity management across UCBs. These amendments aim to enhance financial stability, strengthen compliance, and align UCBs’ liquidity norms with broader banking sector practices.
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56
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December 18, 2025
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RBI/2025-26/155
FIDD.CO.LBS. BC.No.09/ 02.08.001/ 2025-26
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Formation of new district in the State of Gujarat - Assignment of Lead Bank Responsibility
The Reserve Bank of India issued a notification regarding the formation of a new district in the State of Gujarat and assigned the Lead Bank responsibility for the newly created area under the Lead Bank Scheme (which coordinates banking development at the district level). The notification specifies which commercial bank will act as the Lead Bank for the new district and assigns a District Working Code for reporting and administrative purposes. This assignment aligns with RBI’s regular practice of updating lead bank duties following administrative changes like new district formations to ensure banking outreach and coordination.
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