1

May 22, 2026

RBI/2026-27/93
DOR.AML.REC.81/14.06.001/ 2026-27

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries
This is for informing regulated entities about the removal of 7 entries from the United Nations Security Council (UNSC) 1267/1989 ISIL (Da'esh) and Al-Qaida Sanctions List.
Banks, NBFCs, and other regulated institutions were directed to update their sanctions screening systems and ensure that the delisted individuals/entities are no longer subject to sanctions-related restrictions. The update aligns India's anti-money laundering and counter-terrorism financing framework with the latest UNSC sanctions decisions and is effective immediately.

2

May 25, 2026

RBI/DOR/2026-27/94
DOR.GOV.REC.No.82/18.10.014/ 2026-27

Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026
This Amendment was with immediate effect, to strengthen governance norms for Urban Co-operative Banks (UCBs). The amendment introduces a mandatory 3-year cooling-off period for directors who have completed 10 years of continuous tenure on the board of the same UCB before they can be reappointed. The change aims to prevent directors from bypassing tenure limits through brief resignations and reappointments, thereby improving board independence and governance standards in UCBs.

3

May 25, 2026

RBI/DOR/2026-27/95
DOR.GOV.REC.No.83/18.10.015/ 2026-27

Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026
The Amendment, effective immediately, is to strengthen governance standards in State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs). The amendment mandates a 3-year cooling-off period for directors who have completed 10 years of continuous tenure on the board of the same Rural Co-operative Bank before they can be reappointed. It also prevents circumvention of tenure limits by counting prior service separated by breaks of less than three years as continuous tenure, thereby promoting stronger board governance and independence.

4

June 03, 2026

RBI/2026-27/96
FIDD.CO.LBS.BC.No.02/ 02.08.001/ 2026-27

Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
The RBI issued a circular on 3 June 2026 following the formation of Bajali district in Assam by the state government and assigned its Lead Bank responsibility to Canara Bank under the Lead Bank Scheme.
A new District Working Code ""01O"" (Zero-One-O) has been allotted to Bajali district for banking and reporting purposes. The circular clarifies that there is no change in the Lead Bank arrangements for any other district in Assam.

5

June 05, 2026

RBI/2026-27/97
A.P. (DIR Series) Circular No. 11

Investments by Foreign Portfolio Investors in Government Securities – Amendments to the regulatory framework

The RBI, through its circular dated 5 June 2026, eased the regulatory framework for Foreign Portfolio Investors (FPIs) investing in Government Securities by removing the short-term investment, security-wise, and concentration limits under the General Route. The circular also merged the “general” and “long-term” investment categories into a single investment limit for Central Government Securities and State Government Securities, simplifying the investment framework. Additionally, the RBI expanded the Fully Accessible Route (FAR) by designating all new issuances of select long-tenor Government Securities and Sovereign Green Bonds as specified securities, enhancing foreign investor access to India’s debt market.

6

June 05, 2026

RBI/2026-27/98
A.P. (DIR Series) Circular No. 12

Submission of statement/return on Centralized Information Management System (CIMS)
The RBI, through A.P. (DIR Series) Circular No. 12 dated 5 June 2026, mandated that certain FEMA-related returns submitted by Authorised Dealer Category-I banks be migrated to the Centralized Information Management System (CIMS) portal from 30 June 2026 onwards. The affected returns include the monthly statement on Branch Offices (BOs), Liaison Offices (LOs), and Project Offices (POs) (Return Code R343) and the statement on NRO account remittances (Return Code R006), with mandatory submission of NIL reports where applicable. The move is aimed at streamlining regulatory reporting, improving data management, and aligning FEMA reporting requirements with RBI’s centralized digital reporting framework through CIMS.

7

June 05, 2026

Notification No. FEMA 389(1)/2026-RB

Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026
The RBI, through the Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026, amended the 2018 framework to replace references to the National Company Law Tribunal (NCLT) with the broader term “Competent Authority.”A new definition of “Competent Authority” has been introduced to include any authority empowered under the Companies Act, 2013 or related rules to approve merger or amalgamation schemes. The amendment aligns FEMA regulations with the evolving corporate restructuring framework, providing greater regulatory flexibility and ensuring recognition of approvals granted by any legally authorized authority for cross-border mergers.

8

June 05, 2026

Notification No. FEMA 23(R)/(8)/2026-RB

Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026
The RBI, through the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 dated 5 June 2026, amended Regulation 9 of the 2015 regulations to reduce the time limit for realization and repatriation of export proceeds from 15 months to 9 months. Exporters are now required to bring export earnings back to India within 9 months from the date of export, unless a specific extension or exemption is permitted under FEMA. The amendment aims to strengthen foreign exchange management, improve the timely realization of export receivables, and support foreign exchange inflows into the country.

9

June 08, 2026

RBI/2026-27/99
FMOD.MAOG.No.S-56/01.06.016/ 2026-27

Swap Facility for FCNR (B) Deposits
This introduces a concessional USD/INR swap facility for banks mobilising fresh FCNR(B) deposits with maturities of 3–5 years, aimed at attracting foreign currency inflows from NRIs.
Eligible deposits raised between 8 June and 30 September 2026 can be swapped with RBI (swap window open until 16 October 2026), effectively eliminating most hedging costs for banks and making FCNR(B) deposits more attractive. The scheme includes safeguards such as a one-year lock-in period and non-cancellable swaps, and is expected to strengthen India’s foreign exchange reserves by encouraging substantial NRI deposit inflows.

10

June 08, 2026

RBI/2026-27/100
FMOD.MAOG.No.S-57/01.06.016/ 2026-27

Swap Facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings
This provides a special USD/INR swap facility for eligible External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) raised by Indian banks, helping them hedge currency risk at a concessional cost.
Fresh ECB/OFCB borrowings contracted between 8 June and 30 September 2026 can be swapped with RBI, with the swap window remaining open until 16 October 2026, thereby reducing funding costs and encouraging foreign currency inflows. The facility is intended to augment foreign exchange reserves, improve foreign currency liquidity, and support stable external financing for the banking system, subject to specified lock-in and operational conditions prescribed by RBI.

11

June 08, 2026

RBI/2026-27/101
A.P. (DIR Series) Circular No. 13

NOP-INR position of Authorised Dealer Category-I banks

This temporarily relaxed the Net Open Position in INR (NOP-INR) limits for Authorised Dealer Category-I banks to facilitate participation in the special FCNR(B), ECB, and overseas foreign currency borrowing swap facilities.
Banks are permitted to maintain NOP-INR positions arising from these RBI swap transactions outside the prescribed operational limits, subject to specified conditions and reporting requirements. This reduces balance-sheet constraints and supports greater foreign currency mobilisation. The measure is intended to encourage banks to raise foreign currency resources and utilise the swap windows effectively, thereby strengthening India’s foreign exchange reserves and market liquidity.

12

June 08, 2026

RBI/2026-27/102
DOR.RET.REC.84/12.01.001/ 2026-27

Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
This exempts fresh FCNR(B) deposits mobilized by commercial banks between 8 June and 30 September 2026 (including renewals) from CRR and SLR requirements, provided they have a maturity of 3–5 years. The exemption supports the newly announced USD/INR swap facility, reducing the regulatory cost of raising foreign currency deposits and incentivizing banks to attract NRI funds. The relief becomes effective from the reporting fortnight beginning 1 July 2026 and remains available on the original deposit amount for as long as the deposits remain on banks’ books.

13

June 08, 2026

RBI/2026-27/103
DOR.RET.REC.85/12.01.001/ 2026-27

Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
This exempts fresh FCNR(B) deposits raised between 8 June and 30 September 2026 (including eligible renewals) from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements. The exemption applies to FCNR(B) deposits with maturities of 3–5 years and is intended to support the special RBI swap facility by lowering the regulatory cost of mobilizing foreign currency deposits. Effective from the reporting fortnight beginning 1 July 2026, the relief remains available on the original deposit amount for the duration that such deposits remain outstanding on the books of Small Finance Banks.

14

June 08, 2026

RBI/2026-27/104
DOR.RET.REC.86/12.01.001/ 2026-27

Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
This exempts eligible fresh FCNR(B) deposits mobilized between 8 June and 30 September 2026 from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements. The exemption applies to FCNR(B) deposits with maturities of 3–5 years and is designed to complement the RBI’s special swap facility by reducing the regulatory cost of raising foreign currency deposits. Effective from the reporting fortnight beginning 1 July 2026, the exemption remains available on the original deposit amount for as long as the qualifying FCNR(B) deposits remain outstanding on the Urban Co-operative Bank’s books.

15

June 08, 2026

RBI/2026-27/105
DOR.RET.REC.87/12.01.001/ 2026-27

Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
This exempts eligible fresh FCNR(B) deposits raised between 8 June and 30 September 2026 from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements.
The exemption covers FCNR(B) deposits with maturities of 3–5 years and aims to support the RBI’s special swap facility by lowering the cost of mobilizing foreign currency resources from NRIs.
The amendment takes effect from the reporting fortnight beginning 1 July 2026, with the CRR/SLR exemption continuing on the original deposit amount for as long as the qualifying deposits remain outstanding on the bank’s books.

16

June 08, 2026

RBI/2026-27/106
DOR.RET.REC.88/12.01.001/ 2026-27

Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
This exempts eligible fresh FCNR(B) deposits mobilized between 8 June and 30 September 2026 from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements. The exemption applies to FCNR(B) deposits with maturities of 3–5 years, reducing the regulatory cost of attracting foreign currency deposits and supporting the RBI’s special swap facility announced on 8 June 2026. Effective from the reporting fortnight beginning 1 July 2026, the exemption remains available on the original deposit amount for as long as the qualifying FCNR(B) deposits continue to be held on the RRB’s books.

17

June 09, 2026

RBI/2026-27/107
DCM(Plg) No.S736/10.02.060/ 2026-27

Withdrawal of ₹2000 Denomination Banknotes from circulation: Consolidation of instructions
This consolidates all instructions relating to the withdrawal of ₹2000 denomination banknotes from circulation under its Clean Note Policy. The circular reiterates that ₹2000 banknotes continue to remain legal tender, although they are no longer issued into circulation and are being progressively withdrawn. Banks and RBI Issue Offices are required to follow the prescribed procedures for acceptance, exchange, deposit, sorting, and remittance of ₹2000 banknotes to ensure uniform implementation across the banking system.

18

June 09, 2026

RBI/2026-27/108
DCM(Plg) No.S737/ 10.02.060/ 2026-27

Withdrawal of old series of banknotes issued prior to 2005: Consolidation of instructions
This consolidates all instructions relating to the withdrawal of banknotes issued prior to 2005, as part of its policy to replace older notes with notes having enhanced security features. Pre-2005 banknotes continue to remain legal tender; however, banks must not re-issue them through ATMs or over-the-counter transactions and must remit them to currency chests or RBI Issue Offices for disposal. The exchange facility for such notes remains available only at the 19 designated RBI Issue Offices, in line with earlier directions.

19

June 10, 2026

RBI/2026-27/109
DOR.CRE.REC.89/07.01.001/ 2026-27

Reserve Bank of India (Commercial Banks – Credit Facilities) Third Amendment Directions, 2026
This is to introduce a comprehensive framework permitting banks to lend to SEBI-regulated and listed REITs and InvITs, subject to strict prudential safeguards. The directions require Board-approved lending policies, debt-servicing assessments, end-use monitoring, security coverage, and prohibit financing of stressed underlying entities while restricting refinancing to completed, revenue-generating projects. Further, aggregate bank exposure to a REIT/InvIT group (including SPVs and holding companies) is capped at 49% of the trust’s asset value, with the revised framework becoming effective from October 1, 2026.

20

June 10, 2026

RBI/2026-27/110
DOR.CRE.REC.90/07.03.001/ 2026-27

Reserve Bank of India (Commercial Banks – Concentration Risk Management) Third Amendment Directions, 2026

This is to introduce prudential limits for banks’ exposures to REITs and InvITs, complementing the new framework permitting lending to these entities. Banks are required to set internal limits for aggregate real estate sector exposure and monitor concentration risks arising from such exposures. The amendment caps a bank’s exposure to a REIT at 10% of its eligible capital base, thereby preventing excessive concentration in a single real estate investment vehicle and strengthening portfolio diversification. The revised framework aims to enhance risk management, maintain financial stability, and ensure that lending to REITs/InvITs remains within prudent exposure limits approved by the bank’s Board.

21

June 10, 2026

RBI/2026-27/111
DOR.CRE.REC.91/21-01-002/2026-27

Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Eighth Amendment Directions, 2026

This is to prescribe capital treatment for banks’ exposures to REITs following the introduction of the new lending framework for REITs. Exposures to REITs will generally attract a 100% risk weight as Commercial Real Estate (CRE) exposures; however, exposures classified as capital market exposures will attract a higher 125% risk weight, while lending by overseas branches of Indian banks to REITs will carry a 150% risk weight. The amended directions will become effective from October 1, 2026 (or earlier if banks adopt the related Credit Facilities Amendment Directions in full), strengthening the prudential capital framework for REIT-related lending.

22

June 10, 2026

RBI/2026-27/112
DOR.CRE.REC.92/07.01.002/ 2026-27

Reserve Bank of India (Small Finance Banks – Credit Facilities) Second Amendment Directions, 2026
It extends the framework for lending to SEBI-regulated REITs and InvITs by Small Finance Banks, subject to stringent prudential safeguards and Board-approved lending policies. The directions require robust credit appraisal, cash-flow based repayment assessment, security coverage, end-use monitoring, and prohibit financing of stressed entities or speculative activities through such structures. Further, the aggregate exposure of an SFB to a REIT/InvIT group, including its SPVs and holding companies, is capped at 49% of the trust’s asset value, with the revised framework aimed at balancing credit access and risk management.

23

June 10, 2026

RBI/2026-27/113
DOR.CRE.REC.93/07.01.007/ 2026-27

Reserve Bank of India (All India Financial Institutions – Credit Facilities) Amendment Directions, 2026
This permits All India Financial Institutions (AIFIs) to extend credit facilities to SEBI-regulated InvITs under a structured prudential framework. AIFIs must adopt Board-approved policies covering appraisal standards, exposure limits, underwriting norms, monitoring mechanisms, and debt-servicing requirements. Lending is restricted to eligible InvITs with a proven operating track record, positive distributable cash flows, and satisfactory regulatory compliance, while financing of stressed or non-compliant entities is prohibited. The amendment aims to facilitate infrastructure financing through InvITs while ensuring prudent risk management, governance oversight, and financial stability within the AIFI sector.

24

June 15, 2026

RBI/2026-27/114
A.P. (DIR Series) Circular No. 14

Liberalisation of Foreign Portfolio Investment under Schedule III of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019
RBI liberalised FPI investment norms by allowing all individuals resident outside India (and not just NRIs/OCIs) to invest under Schedule III on a repatriation basis. It also clarified that holdings of 10% or more will be treated as FDI and retained existing approval requirements for investments from land-border countries.

25

June 15, 2026

FEMA. 395(4)/2026-RB

Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026

RBI amended FEMA reporting regulations by aligning payment and reporting requirements with the liberalised non-debt investment framework, allowing all eligible non-residents to use prescribed payment modes for Schedule III investments. It also updates reporting and compliance requirements for such transactions, ensuring consistency with the revised foreign investment regime.

26

June 15, 2026

RBI/2026-27/115
DOR.MCS.REC.No.94/01-01-032/ 2026-27

Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Second Amendment Directions, 2026

RBI amended the Responsible Business Conduct framework by strengthening norms on engagement and conduct of recovery agents, requiring banks to follow fair, transparent and customer-centric recovery practices. The amendment also enhances oversight, accountability and grievance redressal mechanisms, aligning recovery activities with responsible lending standards.

27

June 15, 2026

RBI/2026-27/116
DOR.MCS.REC.No.95/01-01-033/ 2026-27

Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Second Amendment Directions, 2026

RBI revised the Responsible Business Conduct framework for SFBs by prescribing stronger safeguards around the appointment and conduct of recovery agents, with emphasis on ethical, transparent and customer-friendly recovery processes. The amendment also reinforces governance, monitoring and grievance redressal requirements, promoting responsible recovery practices and improved customer protection.

28

June 15, 2026

RBI/2026-27/117
DOR.MCS.REC.No.96/01-01-034/ 2026-27

Reserve Bank of India (Payments Banks - Responsible Business Conduct) Second Amendment Directions, 2026

RBI amended the Responsible Business Conduct framework for Payments Banks by strengthening requirements relating to the engagement and supervision of recovery agents, ensuring fair, respectful and transparent customer interactions during recovery activities. It also enhances oversight mechanisms, accountability standards and complaint resolution processes, supporting responsible lending and borrower protection.

29

June 15, 2026

RBI/2026-27/118
DOR.MCS.REC.No.97/01-01-035/ 2026-27

Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Second Amendment Directions, 2026

RBI updated the Responsible Business Conduct framework for LABs by introducing stronger controls over the appointment, monitoring and conduct of recovery agents, ensuring recovery actions are carried out in a fair, transparent and customer-sensitive manner. The amendment also strengthens governance, customer grievance handling and accountability requirements, promoting responsible recovery and enhanced customer protection.

30

June 15, 2026

RBI/2026-27/119
DOR.MCS.REC.No.98/01-01-036/ 2026-27

Reserve Bank of India (Regional Rural Banks - Responsible Business Conduct) Second Amendment Directions, 2026

RBI updated the Responsible Business Conduct framework for RRBs by strengthening requirements relating to the engagement, supervision and conduct of recovery agents, ensuring recovery activities are undertaken in a fair, transparent and customer-centric manner. The amendment also enhances governance, grievance redressal and accountability mechanisms, reinforcing responsible lending and borrower protection.

31

June 15, 2026

RBI/2026-27/120
DOR.MCS.REC.No.99/01-01-037/ 2026-27

Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Second Amendment Directions, 2026

RBI revised the Responsible Business Conduct framework for UCBs by strengthening norms governing the appointment, oversight and conduct of recovery agents, ensuring ethical, transparent and customer-friendly recovery practices. The amendment also reinforces governance standards, grievance redressal mechanisms and accountability requirements, promoting responsible recovery and customer protection.

32

June 15, 2026

RBI/2026-27/121
DOR.MCS.REC.No.100/01-01-038/2026-27

Reserve Bank of India (Rural Co-operative Banks - Responsible Business Conduct) Second Amendment Directions, 2026

RBI revised the Responsible Business Conduct framework for RCBs by strengthening requirements around the engagement, supervision and conduct of recovery agents, ensuring fair, transparent and respectful recovery practices. The amendment also enhances governance, customer grievance redressal and accountability mechanisms, supporting responsible recovery and improved customer protection.

33

June 15, 2026

RBI/2026-27/122
DOR.MCS.REC.No.101/01-01-040/2026-27

Reserve Bank of India (All India Financial Institutions - Responsible Business Conduct) Second Amendment Directions, 2026

RBI revised the Responsible Business Conduct framework for AIFIs by strengthening norms relating to the engagement, oversight and conduct of recovery agents, ensuring fair, transparent and customer-centric recovery practices. The amendment also enhances governance, grievance redressal and accountability requirements, promoting responsible recovery and stronger borrower protection.

34

June 15, 2026

RBI/2026-27/123
DOR.MCS.REC.No.102/01-01-039/2026-27

Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Second Amendment Directions, 2026

RBI revised the Responsible Business Conduct framework for NBFCs by strengthening requirements governing the appointment, monitoring and conduct of recovery agents, ensuring fair, transparent and customer-focused recovery practices. The amendment also enhances governance, grievance redressal and accountability mechanisms, reinforcing responsible lending and customer protection.

35

June 15, 2026

RBI/2026-27/124
DOR.MCS.REC.No.103/01-01-039/2026-27

Reserve Bank of India (Housing Finance Companies) Second Amendment Directions, 2026
RBI amended the framework for HFCs by strengthening norms relating to the engagement, monitoring and conduct of recovery agents, ensuring fair, transparent and borrower-friendly recovery practices. The amendment also reinforces governance, grievance redressal and accountability requirements, promoting responsible recovery and enhanced customer protection.

36

June 15, 2026

RBI/DoR/2026-27/125
DOR.RAUG.AUT.REC.No.104/24.01.041/ 2026-27

Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) Third Amendment Directions, 2026

RBI amended the framework governing undertaking of financial services by banks by revising norms for agency business and referral arrangements involving third-party financial products/services. The amendment strengthens customer protection, transparency, due diligence and oversight requirements, while aligning conduct-related provisions with the Responsible Business Conduct framework.

37

June 15, 2026

RBI/DoR/2026-27/126
DOR.RAUG.AUT.REC.No.105/24.01.041/ 2026-27

Reserve Bank of India (Small Finance Banks – Undertaking of Financial Services) Second Amendment Directions, 2026

RBI amended the framework governing undertaking of financial services by SFBs by revising norms for distribution and referral of third-party financial products/services, with stronger requirements on customer suitability, disclosures and due diligence. The amendment also enhances oversight and customer protection measures, aligning financial service activities with the Responsible Business Conduct framework.

38

June 15, 2026

RBI/DoR/2026-27/127
DOR.RAUG.AUT.REC.No.106/24.01.041/ 2026-27

Reserve Bank of India (Payments Banks – Undertaking of Financial Services) Amendment Directions, 2026
RBI amended the framework governing undertaking of financial services by Payments Banks by revising norms for distribution and referral of third-party financial products/services, with enhanced requirements on customer disclosures, suitability assessment and due diligence. The amendment also strengthens oversight and customer protection measures, aligning such activities with the Responsible Business Conduct framework.

39

June 15, 2026

RBI/DoR/2026-27/128
DOR.RAUG.AUT.REC.No.107/24.01.041/ 2026-27

Reserve Bank of India (Regional Rural Banks – Undertaking of Financial Services) Second Amendment Directions, 2026

RBI amended the framework governing undertaking of financial services by RRBs by revising norms for agency business and referral arrangements with third-party financial service providers. The amendment introduces clear definitions for agency/referral models, regulated financial products and TPPSPs, permits distribution activities on a fee-based, no-risk participation basis, and shifts customer conduct and protection requirements to the Responsible Business Conduct framework.

40

June 15, 2026

RBI/DoR/2026-27/129
DOR.RAUG.AUT.REC.No.108/24.01.041/ 2026-27

Reserve Bank of India (Urban Co-operative Banks – Undertaking of Financial Services) Second Amendment Directions, 2026

RBI amended the framework governing undertaking of financial services by UCBs by revising norms for agency business and referral arrangements with third-party financial service providers. The amendment introduces defined agency/referral models, regulated financial products and TPPSPs, permits distribution of eligible products on a fee-based, non-risk participation basis, and aligns customer conduct, disclosure and protection requirements with the Responsible Business Conduct framework.

41

June 15, 2026

RBI/DoR/2026-27/130
DOR.RAUG.AUT.REC.No.109/24.01.041/ 2026-27

Reserve Bank of India (Rural Co-operative Banks – Undertaking of Financial Services) Second Amendment Directions, 2026

RBI amended the framework governing undertaking of financial services by RCBs by revising norms for agency business and referral arrangements with third-party financial service providers. The amendment introduces defined agency/referral models, regulated financial products and TPPSPs, permits distribution of eligible products on a fee-based, non-risk participation basis, and aligns customer conduct, disclosure and protection requirements with the Responsible Business Conduct framework.

42

June 15, 2026

RBI/DoR/2026-27/131
DOR.RAUG.AUT.REC.No.110/24.01.041/ 2026-27

Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Second Amendment Directions, 2026

RBI amended the framework governing undertaking of financial services by NBFCs by revising norms for agency business and referral arrangements with third-party financial service providers. The amendment introduces defined agency/referral models, regulated financial products and TPPSPs, permits distribution of eligible products on a fee-based, non-risk participation basis, and aligns customer conduct, disclosure and protection requirements with the Responsible Business Conduct framework.

43

June 15, 2026

RBI/DPSS/2026-27/401
DPSS.CO.AUTH.No.S-239/02-27-004/2026-27

Master Directions on Authorisation to operate a Payment System

RBI issued a consolidated framework for authorisation of Payment System Operators (PSOs), prescribing eligibility criteria, application process, fit-and-proper requirements and ongoing compliance obligations. The directions introduce perpetual authorisation (subject to regulatory compliance), provisions for voluntary surrender, cooling-off periods and restrictions on investments from certain FATF non-compliant jurisdictions, strengthening governance and regulatory oversight of payment systems.

44

June 16, 2026

RBI/2026-27/132
DOR.STR.REC.111/21-01-002/2026-27

Reserve Bank of India (Commercial Banks- Prudential Norms on Capital Adequacy) Ninth Amendment Directions, 2026

This is to revise the capital treatment for exposures covered under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Under the amended framework, banks may assign a 0% risk weight to 75% of the guaranteed portion of eligible ECLGS 5.0 exposures, representing the amount expected to be settled within 30 days of guarantee invocation. The remaining exposure will continue to attract risk weights as per existing prudential norms.
The amendment aims to support credit flow under ECLGS 5.0 while ensuring appropriate capital allocation and strengthening banks’ risk management framework, with the revised norms taking effect immediately.

45

June 16, 2026

RBI/2026-27/133
DOR.STR.REC.112/21-01-002/2026-27

Reserve Bank of India (All India Financial Institutions – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026

This is to revise the capital treatment for exposures covered under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Under the amended framework, AIFIs may assign a 0% risk weight to 75% of the guaranteed portion of eligible ECLGS 5.0 exposures, representing the portion expected to be settled within 30 days of guarantee invocation. The remaining exposure will continue to attract risk weights as per existing prudential norms.
The amendment aims to support credit flow under ECLGS 5.0 while ensuring appropriate capital allocation and effective risk management, with the revised directions coming into force with immediate effect.

46

June 16, 2026

RBI/2026-27/134
DOR.STR.REC.113/09-18-201/2026-27

Reserve Bank of India (Urban Co-operative Banks – Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

This is to revise the capital treatment for exposures covered under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Urban Co-operative Banks may assign a 0% risk weight to 75% of the guaranteed portion of eligible ECLGS 5.0 exposures, representing the amount expected to be settled within 30 days of guarantee invocation, while the remaining exposure will continue to attract risk weights as per existing norms. The amendment aims to strengthen UCBs’ capital adequacy and support continued credit flow under the government-backed guarantee scheme, with immediate effect.

47

June 16, 2026

RBI/2026-27/135
DOR.STR.REC.114/21-01-002/2026-27

Reserve Bank of India (Regional Rural Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

This is to revise the capital treatment for exposures covered under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Regional Rural Banks may assign a 0% risk weight to 75% of the guaranteed portion of eligible ECLGS 5.0 exposures, representing the amount expected to be received within 30 days of guarantee invocation, while the balance exposure will continue to attract risk weights under existing norms. The amendment aims to strengthen RRBs’ capital adequacy and facilitate continued credit flow under the government-backed guarantee scheme, with immediate effect.

48

June 16, 2026

RBI/2026-27/136
DOR.STR.REC.115/21-01-002/2026-27

Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026
This is to revise the capital treatment for exposures covered under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Eligible NBFCs may assign a 0% risk weight to 75% of the guaranteed portion of ECLGS 5.0 exposures, representing the amount expected to be settled within 30 days of guarantee invocation, while the remaining exposure will continue to attract risk weights under existing prudential norms. The amendment aims to strengthen NBFCs’ capital adequacy and support continued credit flow to eligible borrowers under the government-backed guarantee scheme, with immediate effect.

49

June 16, 2026

RBI/2026-27/137
DOR.STR.REC.116/21-01-002/2026-27

Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026

This is to revise the capital treatment for exposures covered under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Small Finance Banks may assign a 0% risk weight to 75% of the guaranteed portion of eligible ECLGS 5.0 exposures, representing the amount expected to be settled within 30 days of guarantee invocation, while the remaining exposure will continue to attract risk weights under existing prudential norms. The amendment aims to strengthen SFBs’ capital adequacy and support continued credit flow to eligible borrowers under the government-backed guarantee scheme, with immediate effect.

50

June 17, 2026

RBI/2026-27/138
DOR.SOG(SPE).REC.117/13.03.00/ 2026-27

Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Amendment Directions, 2026
This is to temporarily relax interest rate ceilings on select non-resident deposits to encourage foreign currency inflows. Commercial banks may offer higher interest rates on fresh FCNR(B) deposits with tenors of 3–5 years and on NRE deposits with tenors of 3 years and above, including renewals, until September 30, 2026. The amendment aims to strengthen India’s external sector by providing banks greater flexibility to mobilize overseas funds from NRIs and other eligible depositors.

51

June 17, 2026

RBI/2026-27/139
DOR.SOG(SPE).REC.119/13.03.00/ 2026-27

Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Amendment Directions, 2026
This is to temporarily relax interest rate ceilings on select non-resident deposits to encourage foreign currency inflows. Commercial banks may offer higher interest rates on fresh FCNR(B) deposits with tenors of 3–5 years and on NRE deposits with tenors of 3 years and above, including renewals, until September 30, 2026. The amendment aims to strengthen India’s external sector by providing banks greater flexibility to mobilize overseas funds from NRIs and other eligible depositors.

52

June 17, 2026

RBI/2026-27/140
DOR.SOG(SPE).REC.120/13.03.00/ 2026-27

Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Amendment Directions, 2026
This has amended the deposit interest rate framework for Regional Rural Banks (RRBs) by temporarily removing the interest rate ceiling on fresh FCNR(B) deposits with maturities of 3 to 5 years and lifting the cap that linked NRE deposit rates (for tenors of 3 years and above) to comparable domestic term deposit rates. These relaxations are effective from June 17, 2026, to September 30, 2026, including renewals upon maturity, and are aimed at attracting higher NRI deposits and boosting foreign currency inflows into India.

53

June 17, 2026

RBI/2026-27/141
DOR.SOG(SPE).REC.118/13.03.00/ 2026-27

Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Amendment Directions, 2026
This has amended the deposit interest rate directions for Local Area Banks to temporarily exempt fresh and renewed Non-Resident External (NRE) deposits from existing interest rate ceilings. The relaxation, effective immediately from June 17, 2026 until September 30, 2026, aims to help Local Area Banks attract higher overseas deposits and boost foreign currency inflows.

54

June 17, 2026

RBI/2026-27/142
DOR.SOG(SPE).REC.121/13.03.00/ 2026-27

Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Amendment Directions, 2026

This is to align deposit interest rate regulations for urban co-operative banks with recent policy changes aimed at enhancing flexibility in mobilising deposits. The amendment revises the applicable interest rate framework for specified deposit categories, enabling UCBs to offer rates in accordance with the updated RBI guidelines while ensuring board-approved, transparent pricing practices.

55

June 17, 2026

RBI/2026-27/143
DOR.SOG(SPE).REC.122/13.03.00/ 2026-27

Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Amendment Directions, 2026

This is for revising the interest rate framework applicable to Rural Co-operative Banks for specific deposit categories. The amendment provides greater flexibility in offering interest rates on eligible deposits, aligning RCB norms with similar relaxations extended to other banking entities to support deposit mobilisation and enhance fund inflows.