RBI amended FEMA regulations to require a Currency Declaration Form when foreign exchange carried by passengers exceeds prescribed limits. The rule improves transparency in cross-border currency movement.
The central bank has made UTI generation compulsory for all OTC derivative transactions reported in India from January 1, 2027. The move aims to enhance transparency, global harmonisation, and lifecycle tracking of derivative contracts.
Finance Ministry notifies DGGI ADG as nodal officer under IT Rules and designates Afcom Holdings as Indian carrier under Central Sales Tax Act.
Following the creation of Hansi district, Punjab National Bank has been designated as the Lead Bank. Other districts in Haryana remain unaffected.
The central bank has notified amendments to the ECB framework and consolidated borrowing provisions under updated Regulations. Authorised Dealer banks must follow the revised rules and note deletion of key master direction paragraphs and FAQs.
The amendment requires online sellers of imported products to provide searchable country-of-origin filters. The rule aims to enhance consumer transparency in digital marketplaces.
IPCs issued to clearing corporations will now carry a 100% CCF, but capital must be maintained only on the CME portion at 125% risk weight. The amendment clarifies regulatory capital treatment.
Small Finance Banks must now disclose granular capital market exposures in their financial statements. The amendment enhances transparency and aligns reporting with updated risk management norms.
The amendment introduces LTV caps, valuation norms, and exposure limits for loans against eligible securities. It strengthens risk controls and integrates such lending within capital market exposure norms.
The revised Directions formally recognize acquisition finance and bridge finance for promoter stakes under banks’ permitted financial services. The move aligns operational guidelines with updated credit norms.
