Management Report: RBI Master Direction on Credit Derivatives 2026 Following the Union Budget announcement for FY 2026-27, the Reserve Bank of India (RBI) has issued the Master Direction on Credit Derivatives 2026. This comprehensive framework introduces landmark changes, specifically enabling derivatives on credit indices and Total Return Swaps (TRS) on corporate bonds. 1. Expansion of […]
On June 24, 2026, the Reserve Bank of India (RBI) issued finalized Amendment Directions modifying the computational framework for the Net Open Position (NOP) and capital charges for foreign exchange (forex) risk. Aligning deeply with the Basel Committee on Banking Supervision (BCBS) standards, these amendments mandate a unified, global approach to forex risk management, discarding
On June 24, 2026, the Reserve Bank of India (RBI) issued four critical Amendment Directions fundamentally altering the landscape for Non-Banking Financial Companies (NBFCs), particularly Government-owned NBFCs. The most significant shift is the transition from a complex scoring methodology to a simple, absolute asset-size criterion (₹1,00,000 crore) for identifying Upper Layer NBFCs (NBFC-UL), alongside the
The Reserve Bank of India (RBI) has issued a significant set of amendments on June 24, 2026, aimed at enhancing customer protection in digital transactions. Stemming from the draft issued on March 6, 2026, these amendments expand the scope of customer liability limits beyond mere “unauthorised” transactions to include broader categories of “fraudulent” electronic banking
The Reserve Bank of India has issued the finalized Trade Receivables Discounting System (TReDS) Directions, 2026, superseding previous operational frameworks. The amendments aim to accelerate MSME liquidity by removing onboarding frictions, harmonizing operational guidelines, and fortifying the capital structure of platform operators. Immediate strategic and operational realignments are required by platform participants to remain compliant
Five Star Business Finance Limited Penalty: ₹6.20 Lakh 📋 Key Details Date of Order: June 18, 2026 Violations: KYC Directions & Fair Practice Code. Specifics: Lack of software for suspicious transaction reporting; failure to disclose risk gradation and rationale for interest rates to borrowers. 🔍 Root Cause Analysis (RCA) Over-reliance on manual AML/KYC monitoring processes
Subject: Finetuning the LBS framework, restructuring fora, and strengthening administrative functioning for enhanced credit flow. 1. Executive Summary Following the public consultation initiated via a draft circular on February 13, 2026, the Reserve Bank of India (RBI) has issued the final revised guidelines for the Lead Bank Scheme (LBS) on June 19, 2026. The revised
Following public consultations, the Reserve Bank of India (RBI) issued finalized Master Directions on June 19, 2026, to revamp the Kisan Credit Card (KCC) framework. Effective January 1, 2027, these changes standardize crop season definitions, extend KCC tenure, and integrate modern agricultural technology expenses into credit limit assessments. Amendment 1 Reserve Bank of India [Commercial
Master Directions issued by the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007 (PSS Act). The purpose of this framework is to enhance clarity, ease of access, and reduce the compliance burden. 1. Standardised Computation of Net-Worth Applicable Entity: All existing PSOs and New Applicants Specific Changes Required Strict Definition:
On June 15, 2026, the Reserve Bank of India (RBI) issued a comprehensive set of Amendment Directions targeting Responsible Business Conduct and the Undertaking of Financial Services by Regulated Entities (REs). The objective is to curb mis-selling, regulate Direct Selling Agents (DSAs) / Direct Marketing Agents (DMAs), prohibit “dark patterns” in digital interfaces, and enforce
