RBI has clarified that pre-sanctioned UPI credit lines will be regulated based on the nature of the underlying credit facility, not the payment channel. The amendment also requires banks to align such products with their credit policies and existing regulations.
IFSCA has proposed comprehensive regulations governing Mutual Insurers and Protection & Indemnity Clubs in IFSCs. The draft establishes registration, governance, solvency, and compliance requirements to strengthen India’s international insurance ecosystem.
CCPA imposed ₹1 lakh penalties on two food companies for using misleading 100% claims that did not match the actual composition of their products. The Authority held that absolute claims must be factually accurate and immediately discontinued.
IRDAI’s draft 2026 amendments overhaul actuarial governance, reporting, investment norms, and insurer compliance to align with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.
The notification imposes anti-dumping duty after DGTR concluded that imports from the subject countries undercut domestic prices and suppressed the domestic industry’s selling prices. Different duty rates have been prescribed based on producer and country.
ICAI declared the CA Final May 2026 examination results, with 7,931 candidates qualifying as Chartered Accountants. The announcement also included pass percentages and the All India rank holders.
ICAI clarified that the alleged security breach involved only an examiner training portal and did not affect examination records, marks, or answer books. Stakeholders have been advised to rely only on official ICAI communications.
RBI’s Sixth Amendment to the FEMA Deposit Regulations broadens the scope of SNRR accounts by permitting IFSC branches to maintain them and allowing wider current, capital, and bona fide transactions for non-residents.
RBI has temporarily withdrawn interest rate restrictions on specified NRE and FCNR(B) deposits. The move gives Local Area Banks greater flexibility to attract non-resident deposits until September 30, 2026.
RBI has temporarily removed interest rate restrictions on specified NRE and FCNR(B) deposits. Commercial banks can offer more competitive rates on eligible deposits until September 30, 2026.
