MUMBAI, India, June 15 -- Reserve Bank of India issued the following notification: RBI/2026-27/119 DOR.MCS.REC.No.98/01-01-036/2026-27 June 15, 2026 Reserve Bank of India (Regional Rural Banks - Responsible Business Conduct) Second Amendment Directions, 2026 It has been decided to issue comprehensive instructions on advertising, marketing and sale of financial products / services to all Regional Rural Banks (hereinafter referred to collectively as "RRBs" and individually as an "RRB") under...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following notification: RBI/2026-27/118 DOR.MCS.REC.No.97/01-01-035/2026-27 June 15, 2026 Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Second Amendment Directions, 2026 It has been decided to issue comprehensive instructions on advertising, marketing and sales of financial products / services to all Local Area Banks (hereinafter referred to collectively as "LABs" and individually as an "LAB") under the Re...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following notification: RBI/DoR/2026-27/129 DOR.RAUG.AUT.REC.No.108/24.01.041/2026-27 June 15, 2026 Reserve Bank of India (Urban Co-operative Banks - Undertaking of Financial Services) Second Amendment Directions, 2026 In exercise of the powers conferred by Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank being satisfied that it is necessary and expedient in the public interest to do so, hereby,...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: Preliminary data on India's balance of payments (BoP) for April 2026 are presented in the following table. Henceforth, India's BoP data for the reference month will be released by the 15th day or earlier of the second subsequent month. Major Items of India's Balance of Payments (US$ billion) Item April 2025 PR April 2026 P A. Current Account (Net) [A.1 to A.4] -4.8 4.7 A.1 Merchandise (Net) [a-b] -27.1 -27.9 a....
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-III-Issue date June 16, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on June 16, 2026. 2. Furt...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: As announced in the Statement on Developmental and Regulatory Policies dated February 6, 2026, the Reserve Bank had issued the draft Reserve Bank of India (Responsible Business Conduct) Amendment Directions, 2026 on February 11, 2026 for seeking feedback from stakeholders. The draft Amendment Directions proposed to have comprehensive instructions on advertising, marketing and sale of financial products and servi...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 11, 2026, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Mahila Co-operative Bank Ltd., Bangalore, Karnataka (the bank) for non-compliance with certain directions issued by RBI on 'Loans and advances to directors, their relatives, and firms / concerns in which they are interested'. This penalty has been imposed in exercise of pow...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, June 16, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 7 09:30 AM to 10:00 AM June 23, 2026 (Tuesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-202...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: Under the statutory powers conferred upon it by Payment and Settlement Systems Act, 2007 (PSS Act), RBI had issued various directions for operation of a Payment System. Today, RBI has issued Master Directions on Authorisation to operate a Payment System which consolidates instructions issued through following circulars/ guidelines, and comes into effect immediately: * Computation of Net-worth dated January 16...
NEW DELHI, June 15 -- The Government of India issued the following FEMA circular: RBI/2026-27/114 A.P. (DIR Series) Circular No. 14 June 15, 2026 To All Category - I Authorised Dealer Banks Madam / Sir Liberalisation of Foreign Portfolio Investment under Schedule III of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 Attention of Authorised Dealer (AD) Category - I banks is invited to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (hereinafter refer...