RBI has withdrawn the requirement for prior approval of tie-ups between AD banks and non-bank remittance platforms. The new framework shifts full compliance responsibility to Authorised Dealers while strengthening transparency and customer protection measures.
The direction requires entities to obtain LEI codes for participating in RBI-regulated financial markets. Non-compliance results in ineligibility for transactions. Key takeaway: LEI is now essential for market participation.
The draft directions remove the need for prior approval to open branches, signalling a shift toward faster and more flexible NBFC expansion while retaining regulatory oversight.
The RBI has released the Master Direction for Rupee IRDs effective March 2026, setting rules for OTC and exchange-traded derivatives. It ensures transparency, reporting compliance, and proper risk management for participants in the IRD market.
The RBI’s 2025 Master Direction expands eligible collateral for repo transactions to include municipal debt securities, enhancing liquidity options for market participants.
The RBI released new Master Directions for Electronic Trading Platforms (ETPs), effective June 16, 2025, updating the regulatory framework and setting criteria for operation.
Learn about the RBI’s Currency Distribution & Exchange Scheme (CDES) offering incentives to banks for soiled note exchange, coin distribution, and currency chest operations.
Learn about RBI’s Master Directions on compounding FEMA contraventions. Find details on application, eligibility, calculation, and procedure for Authorised Dealers.
RBI issues Master Direction on penalties for banks and currency chests regarding customer service deficiencies, including note shortages and ATM replenishment.
RBI issues Master Direction on reporting transactions at currency chests, including penalties for delays, wrong reporting, and ineligible balances.
