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 removed the interest rate ceiling on fresh FCNR(B) deposits with tenors of three to five years until September 30, 2026. The relaxation also applies to deposits renewed upon maturity during the specified period.
RBI has temporarily withdrawn interest rate restrictions on specified NRE and FCNR(B) deposits until September 30, 2026. The move gives Urban Co-operative Banks greater flexibility to attract NRI funds.
RBI has temporarily withdrawn interest rate restrictions on specified NRE and FCNR(B) deposits.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.
The amendment temporarily withdraws the interest rate ceiling on fresh FCNR(B) deposits of three to five years, including renewed deposits. The relaxation remains in force from June 17, 2026, to September 30, 2026.
RBI has temporarily removed interest rate restrictions on specified NRE and FCNR(B) deposits for Small Finance Banks until September 30, 2026. The move allows banks to offer more competitive rates to attract non-resident deposits.
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.
MCA notifies the New Development Bank under Section 2(11)(ii) of the Companies Act, 2013, specifying it as a body corporate for the Act’s purposes.
RBI amended capital adequacy norms for commercial banks by prescribing a zero percent risk weight for specified ECLGS 5.0 exposures. The amendment recognizes the reduced credit risk associated with government-backed guarantees.
RBI amended capital adequacy norms for All India Financial Institutions by prescribing a zero percent risk weight for specified ECLGS 5.0 exposures. The amendment recognizes the reduced credit risk arising from government-backed guarantees.
