Tariff values for precious metals and key edible oils have been reset through substituted tables. This provides clarity and uniformity in valuation where notified.
Only exports routed through foreign post offices enabling electronic processing qualify. This strengthens system-based compliance for postal exports.
References to bills of export now include electronic section 84 entries processed on the automated system. This ensures postal exporters are not excluded due to procedural form.
Headings and provisions are harmonised to include section 84 entries. The key outcome is uniform treatment across export documentation.
The central bank has proposed sweeping changes to foreign exchange risk computation, standardising Net Open Position methodology and capital charges across regulated entities to match global Basel standards.
The regulator held that an appeal in disciplinary proceedings cannot be withdrawn as a matter of right. Public interest and regulatory integrity require adjudication on merits.
The RBI has issued comprehensive Internal Ombudsman Directions, 2026 for multiple regulated entities. The move aims to ensure fair, independent, and timely review of customer complaints before rejection.
The new rules require an Internal Ombudsman to review all partially resolved or rejected complaints. Banks must issue reasoned decisions and ensure fair treatment before closure.
RBI mandates an independent Internal Ombudsman system for small finance banks to review rejected or partially resolved complaints. The move strengthens fairness, timelines, and customer escalation rights.
The new framework mandates an Internal Ombudsman to review all partially resolved or rejected complaints. Banks must issue reasoned decisions within strict timelines and guide customers to external remedies if needed.
