Management Report: FEMA (Authorised Persons) Regulations, 2026 Amendment 1 Discontinuation of Fresh FFMC Licences Applicable Entity Potential new market entrants, Existing Full-Fledged Money Changers (FFMCs), and Non-Bank Financial Companies (NBFCs). Specific Changes Required The RBI will no longer accept or process fresh applications for Full-Fledged Money Changer (FFMC) licences. Only applications pending as of the […]

Reference: RBI Press Release 2026-2027/227 dated May 8, 2026. Background & Core Change: The Reserve Bank of India (RBI) has issued three amendment directions relaxing the prudential norms for including current financial year profits into Common Equity Tier 1 (CET1) capital for calculating the Capital to Risk-Weighted Assets Ratio (CRAR). Previously, banks were permitted to

The Reserve Bank of India has issued a final suite of amendment directions modifying the regulatory framework for Primary (Urban) Co-operative Banks (UCBs). These directives specifically overhaul the definitions and limits surrounding unsecured advances, housing loan tenors, and financial statement disclosures. To ensure seamless compliance by the October 1, 2026 deadline, detailed changes and required

Executive Summary Following the draft guidelines issued in February 2026, the RBI has finalized its regulatory review to ease the compliance burden on low-risk NBFCs. The core modification introduces the “Unregistered Type I NBFC” category, granting exemptions from mandatory registration (Section 45-IA of the RBI Act) for entities with an asset size of less than