RBI Update - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Seventh Amendment) Regulations, 2025
The Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Seventh Amendment) Regulations, 2025 amend the 2015 principal regulations to include a definition for “International Financial Se…
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RBI Update - Reserve Bank - Integrated Ombudsman Scheme, 2021 (RB-IOS, 2021)
The Reserve Bank of India, through its notification dated October 7, 2025, has expanded the scope of the Reserve Bank – Integrated Ombudsman Scheme, 2021 (RB-IOS, 2021) to include State Co-operative Banks and Central Co-…
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RBI Update - International Trade Settlement in Indian Rupees (INR)
The RBI has allowed surplus balances in Special Rupee Vostro Accounts (SRVA), used for international trade settlement in INR, to be invested not only in Government securities and Treasury Bills but also in non-convertibl…
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RBI Update - Investment in Corporate Debt Securities by Persons Resident Outside India through Special Rupee Vostro account
The Reserve Bank of India (RBI) has permitted persons resident outside India maintaining a Special Rupee Vostro Account (SRVA) for international trade settlement in Indian Rupees to invest their rupee surplus balances no…
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RBI Update - Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange
The RBI has extended the permissible time period for outlay of foreign exchange in Merchanting Trade Transactions (MTT) from four months to six months, while retaining the overall completion period of nine months as per …
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RBI Update - Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) – reconciliation of export /import entries – Review of Guidelines
The RBI has eased the process for reconciliation and closure of small-value export and import entries in EDPMS and IDPMS. For bills up to ₹10 lakh per entry, Authorised Dealer (AD) Category-I banks can close entries base…
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RBI Update - Reserve Bank of India (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas) Directions, 2025
The Reserve Bank of India (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas) …
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RBI Update -Reserve Bank of India (Interest Rate on Advances) (Amendment Directions), 2025
The Reserve Bank of India (Interest Rate on Advances) (Amendment Directions), 2025 amends the 2016 Directions, the Circular dated August 18, 2023, and the FAQs issued on January 10, 2025. The key changes allow banks to r…
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RBI Update - Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025
The RBI has issued the (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025 to standardise and simplify procedures for settlement of claims in deposit accounts, safe deposit lockers, and arti…
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RBI Update - Investment by State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs) in Shared Service Entity (SSE) established by NABARD
The RBI, by exercising its powers under the Banking Regulation Act, 1949, has amended its July 14, 2016 circular on non-SLR investments by State and Central Co-operative Banks (StCBs/CCBs) to permit them to invest in the…
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