The RBI has amended the 2025 Directions to exempt qualifying fresh NRE term deposits from reserve maintenance requirements for Small Finance Banks. The amendment takes immediate effect and also introduces corresponding changes to Form A reporting requirements.
The RBI’s Third Amendment Directions grant CRR and SLR exemption for eligible fresh NRE term deposits with a minimum tenure of three years. The amendment also clarifies that transfers from NRO accounts to NRE accounts are not eligible for the exemption.
The RBI has directed all AD Category-I banks to submit daily data on FCNR(B) deposits, ECBs, and OFCBs mobilized under its swap facility. Banks must report the prescribed information by 6:00 p.m. every day and submit NIL statements where applicable.
The notification continues anti-dumping duty on PET resin originating in or exported from China after authorities found that removal of the duty could increase imports and harm domestic producers. The duty applies at USD 200.66 per metric tonne.
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.
RBI has issued comprehensive Kisan Credit Card Directions for Rural Co-operative Banks effective from 1 January 2027. The framework broadens credit coverage, simplifies lending, and strengthens digital access for agricultural borrowers.
RBI has notified the 2026 Kisan Credit Card Directions for Regional Rural Banks, introducing a uniform framework for crop and allied sector lending. The Directions streamline credit assessment, digital access, collateral norms, and repayment procedures for farmers.
RBI has introduced the 2026 Kisan Credit Card Directions for Small Finance Banks, creating a uniform framework for crop and allied sector finance. The Directions simplify credit assessment, collateral norms, digital banking, and loan administration.
RBI has notified the 2026 Kisan Credit Card Directions for Commercial Banks, introducing a comprehensive framework for crop and allied sector finance. The Directions simplify credit assessment, collateral norms, digital banking, and KCC operations.
The Reserve Bank of India has issued revised Lead Bank Scheme (LBS) guidelines following a comprehensive review, superseding all earlier instructions. The revised framework reiterates that the Scheme aims to enhance priority sector credit and deepen financial inclusion through coordinated efforts of banks, governments and developmental agencies. It defines the roles of Lead Banks, Lead […]
