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Guidelines to Facilitate Faster Cross-Border Inward Payments
The Reserve Bank of India issued circular RBI/2026-27/08 requiring all scheduled commercial banks to expedite cross-border inward payment processing. Banks must notify customers of incoming cross-border transactions immediately upon receipt and reconcile nostro accounts at intervals not exceeding one hour. Same-day crediting to beneficiary accounts is mandated for payments received during forex market hours, with next-business-day crediting for off-hours receipts.
RBI Issues Guidelines to Facilitate Faster Cross-Border Inward Payments
The Reserve Bank of India issued a final circular on guidelines to facilitate faster cross-border inward payments. The circular, which finalizes a draft from October 29, 2025, addresses identified frictions in inward cross-border payment processing. The guidelines aim to ensure timely intimation of payment information and prompt crediting of funds to beneficiary accounts.
RBI Discussion Paper on Safeguards in Digital Payments to Curb Frauds
The Reserve Bank of India issued a Discussion Paper on Exploring safeguards in digital payments to curb frauds, seeking public comments by May 8, 2026. The paper addresses growing sophistication of fraudulent activities targeting digital payment customers amid unprecedented growth in India's digital payments sector over the past decade.
RBI invites comments on Draft Governance Amendment Directions
The Reserve Bank of India has issued draft Amendment Directions revising governance requirements for Commercial Banks, Small Finance Banks, Payments Banks, and Local Area Banks. The amendments replace prescriptive 'seven themes' with principle-based guidance and rationalize board reporting requirements to enable more focused engagement on strategy and risk governance. Public comments are invited until May 7, 2026.
RBI Invites Public Comments on Investment Fluctuation Reserve Amendment Directions
RBI released draft Amendment Directions on Investment Fluctuation Reserve (IFR) covering 10 categories of banks, including Commercial Banks, Small Finance Banks, Payments Banks, Co-operative Banks, and Regional Rural Banks. The amendments address operational challenges in maintaining IFR above regulatory thresholds and differences across prudential frameworks. Public comments are invited until April 29, 2026.
Draft Amendment Directions on CET1 Capital and Quarterly Profits for CRAR
The Reserve Bank of India released draft amendment directions on April 8, 2026, proposing to remove the qualifying condition linking quarterly profit inclusion in CET1 capital to NPA provision deviations. Currently, banks may reckon quarterly profits only if incremental NPA provisions have not deviated more than 25% from the four-quarter average. Comments are invited until April 29, 2026.
RBI Cancels Certificate of Registration of 54 NBFCs
The Reserve Bank of India has cancelled the Certificate of Registration of 54 Non-Banking Financial Companies under Section 45-IA(6) of the RBI Act, 1934 for regulatory non-compliance. The enforcement action removes these entities' authorization to conduct NBFC operations. Affected companies include entities such as Chefair Impex Ltd and Umeed Leasing & Finance Limited.
RBI Issues Draft Directions for Trade Receivables Discounting System
The Reserve Bank of India released draft directions for Trade Receivables Discounting System (TReDS) platforms on April 8, 2026, seeking to rationalize and harmonize existing guidelines for MSME trade receivables financing. The draft directions are open for public comments until May 1, 2026. Banks, TReDS platform operators, and MSME stakeholders should review the proposed changes and submit feedback through RBI's Connect 2 Regulate portal.
RBI Cancels Licence of Shirpur Merchants' Co-operative Bank
The Reserve Bank of India cancelled the licence of The Shirpur Merchants' Co-operative Bank Ltd., Shirpur effective April 6, 2026, under Section 22 read with Section 56 of the Banking Regulation Act, 1949. The bank ceases all banking business operations due to inadequate capital, non-compliance with statutory requirements, and inability to protect depositor interests. DICGC has already paid ₹48.95 crore to eligible depositors, with 99.7% of depositors entitled to full coverage up to ₹5 lakh.
RBI extends regulatory directions for Ramgarhia Co-operative Bank Ltd., New Delhi
The Reserve Bank of India has extended the operational period of Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 for Ramgarhia Co-operative Bank Ltd., New Delhi for an additional three months from close of business on April 8, 2026 to close of business on July 8, 2026. The extension is issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The RBI notes that this extension should not be construed as satisfaction with the bank's financial position.