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 […]

RBI Amendment Directions Report – REITs & InvITs Applicable Entity: Commercial Banks 1. Reserve Bank of India (Commercial Banks – Credit Facilities) Third Amendment Directions, 2026 Specific Changes Required Following the review of draft guidelines issued in February 2026, the RBI has formally permitted commercial banks to extend credit facilities to SEBI-regulated and listed Real

The Reserve Bank of India (RBI) has issued final Amendment Directions to ensure strict compliance with Section 10A(2A)(i) read with Section 56 of the Banking Regulation Act, 1949. To curb practices where the statutory 10-year tenure cap was bypassed through artificial breaks or brief resignations, the RBI has mandated a strict three-year cooling-off period for

On May 18, 2026, the Reserve Bank of India (RBI) issued Final Amendment Directions comprehensively reviewing the norms on the Investment Fluctuation Reserve (IFR) across all Regulated Entities (REs). The overarching regulatory intent is threefold: Dispensation: Complete removal of the IFR requirement for banks that maintain a capital charge for market risk and follow revised

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

1. Executive Summary The Reserve Bank of India (RBI) has issued the final Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026. The primary objective is to facilitate the “ease of doing business” by providing operational flexibility for branch expansion while ensuring systemic compliance. Consequential updates have also been made to