NEW DELHI, June 24 -- The Government of India issued the following FEMA circular: RBI/2026-27/174 A.P. (DIR Series) Circular No.17 June 24, 2026 To All Authorised Persons Madam / Sir, Modification of Returns / Reporting requirements under FEMA, 1999 Attention of Authorised Persons is invited to the provisions contained in the Foreign Exchange Management (Authorised Persons) Regulations, 2026, Master Direction - Money Changing Activities, Master Direction - Money Transfer Service Scheme (...
MUMBAI, India, June 24 -- Reserve Bank of India issued the following notification: RBI/2026-27/164 DOR.FIN.REC.No.138/03.10.001/2026-27 June 24, 2026 Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Third Amendment Directions, 2026 The Reserve Bank has issued the Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Directions, 2025 dated November 28, 2025 (hereinafter referred to as 'Directions') in exercise of the po...
MUMBAI, India, June 24 -- Reserve Bank of India issued the following notification: RBI/2026-27/163 DOR.FIN.REC.No.137/03.10.001/2026-27 June 24, 2026 Reserve Bank of India (Non-Banking Financial Companies - Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026 The Reserve Bank has issued the Reserve Bank of India (Non-Banking Financial Companies - Registration, Exemptions and Framework for Scale Based Regulation) Directions, 2025 dated Novembe...
MUMBAI, India, June 24 -- 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) Third Amendment Directions, 2026 on March 6, 2026 for seeking feedback from stakeholders. The draft Amendment Directions inter alia proposed to enhance the scope of existing instructions on limiting liability of customers in unau...
MUMBAI, India, June 24 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Reserve Money for the fortnight ended June 15, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/532 Disclaimer: Curated by HT Syndication....
MUMBAI, India, June 24 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released data on the performance of the private corporate sector during 2025-26 drawn from abridged financial results of 4,278 listed non-government non-financial (NGNF) companies. Corresponding data pertaining to 2024-25 are also presented in the tables to enable comparison. The data can be accessed at the web-link - https://data.rbi.org.in/DBIE/#/dbie/reports/Statistics/Corporate%20Sect...
MUMBAI, India, June 24 -- Reserve Bank of India issued the following press release: The Reserve Bank, vide Press Release dated April 10, 2026, had issued the draft Amendment Directions on 'review of methodology for identification of NBFC-UL and inclusion of Government owned NBFCs in NBFC-UL' seeking comments/ feedback from the stakeholders till May 04, 2026. These draft amendment Directions proposed (a) to replace the existing methodology for identification of NBFCs in Upper Layer (NBFC-UL) wit...
MUMBAI, India, June 24 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued draft Amendment Directions on 'Net Open Position - Revised Instructions' on January 14, 2026, seeking inputs from Regulated Entities (REs) and other stakeholders till February 3, 2026. The draft Amendment Directions proposed to modify the instructions related to Net Open Position (NOP) and capital charge for forex risk. The proposed revisions include, inter alia, (i) doing aw...
MUMBAI, India, June 24 -- Reserve Bank of India issued the following press release: Reserve Bank of India has today released the draft 'Guidance on Regulatory principles for Model Risk Management' for public comments. The draft Guidance is applicable to following regulated entities: * Commercial Banks * Small Finance Banks * Payments Banks * Local Area Banks * Regional Rural Banks * Urban Co-operative Banks * Rural Co-operative Banks * All India Financial Institutions ...
India, June 23 -- Bengaluru and Noida challenge invites developers, students and innovators to create practical cross-device AI experiences powered by Snapdragon platforms. Registrations for the Bengaluru edition are open until June 28, 2026 and the Noida edition till July 5, 2026. June 23, 2026, Bengaluru: Qualcomm India today announced the Snapdragon Multiverse Hackathon, a two-city developer challenge in Bengaluru and Noida that invites developers, students and innovators to build practical ...