Daily Updates

RBI: Banks have been allowed to undertake swaps of eligible FCNR(B) deposits with RBI at a concessional fixed rate of 1.5% per annum for deposits mobilised between 08.06.2026 and 30.09.2026.(11.06.2026)

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RBI: Banks have been allowed to undertake swaps of eligible FCNR(B) deposits with RBI at a concessional fixed rate of 1.5% per annum for deposits mobilised between 08.06.2026 and 30.09.2026. [Notification No. RBI/2026-27/99 FMOD.MAOG.No.S-56/01.06.016/2026-27 dated 08.06.2026]

RBI:A concessional RBI swap facility at a fixed rate of 1.5% per annum has been introduced for eligible External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) for a tenor of up to five years.(11.06.2026)

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RBI: A concessional RBI swap facility at a fixed rate of 1.5% per annum has been introduced for eligible External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) for a tenor of up to five years. [Notification No. RBI/2026-27/100 FMOD.MAOG.No.S-57/01.06.016/2026-27 dated 08.06.2026]  

RBI: Authorized Dealer Category-I Banks have been permitted enhanced flexibility in maintaining NOP-INR limits by excluding positions arising from eligible foreign currency inflows under RBI’s special forex mobilisation measures. (11.06.2026)

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RBI: Authorized Dealer Category-I Banks have been permitted enhanced flexibility in maintaining NOP-INR limits by excluding positions arising from eligible foreign currency inflows under RBI’s special forex mobilisation measures. [Notification No. RBI/2026-27/101 A.P. (DIR Series) Circular No. 13 dated 08.06.2026]

RBI: FCNR(B) deposits mobilised between 08.06.2026 and 30.09.2026 with a maturity period of 3 to 5 years have been exempted from CRR and SLR requirements for Regional Rural Banks, Rural Co-operative Banks, Urban Co-operative Banks, small finance banks & commercial banks reducing reserve maintenance burden and encouraging foreign currency inflows. (11.06.2026)

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RBI: FCNR(B) deposits mobilised between 08.06.2026 and 30.09.2026 with a maturity period of 3 to 5 years have been exempted from CRR and SLR requirements for Regional Rural Banks, Rural Co-operative Banks, Urban Co-operative Banks, small finance banks & commercial banks reducing reserve maintenance burden and encouraging foreign currency inflows. [Notification No. RBI/2026-27/102 to 106 …

RBI: FCNR(B) deposits mobilised between 08.06.2026 and 30.09.2026 with a maturity period of 3 to 5 years have been exempted from CRR and SLR requirements for Regional Rural Banks, Rural Co-operative Banks, Urban Co-operative Banks, small finance banks & commercial banks reducing reserve maintenance burden and encouraging foreign currency inflows. (11.06.2026) Read More »

RBI: The RBI has combined all its separate rules into one master guide directing banks exactly how to receive, count, check, and safely store the withdrawn ₹2000 notes to ensure uniform backend processing before sending them to currency chests.(11.06.2026)

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RBI: The RBI has combined all its separate rules into one master guide directing banks exactly how to receive, count, check, and safely store the withdrawn ₹2000 notes to ensure uniform backend processing before sending them to currency chests. [Notification No. RBI/2026-27/107 DCM(Plg) No.S736/10.02.060/2026-27 dated 09.06.2026]

RBI:RBI has updated its master instructions for banks to completely phase out currency notes printed before 2005 of public use by holding onto them whenever they are deposited and replacing them with newer notes. However, these are still valid, legal tender and have not been banned. (11.06.2026)

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RBI: RBI has updated its master instructions for banks to completely phase out currency notes printed before 2005 of public use by holding onto them whenever they are deposited and replacing them with newer notes. However, these are still valid, legal tender and have not been banned, [Notification No. RBI/2026-27/108 DCM(Plg) No.S737/10.02.060/2026-27 dated 09.06.2026]

RBI:Commercial banks have been provided relaxation under concentration risk management norms for exposures arising from RBI’s special forex mobilisation measures and swap arrangements. (11.06.2026)

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RBI: Commercial banks have been provided relaxation under concentration risk management norms for exposures arising from RBI’s special forex mobilisation measures and swap arrangements. [Notification No. RBI/2026-27/110 DOR.CRE.REC.90/07.03.001/2026-27 dated 10.06.2026]

RBI:Exposures covered under RBI’s special foreign currency mobilisation framework have been accorded regulatory treatment under capital adequacy norms, preventing additional capital burden on banks. (11.06.2026)

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RBI: Exposures covered under RBI’s special foreign currency mobilisation framework have been accorded regulatory treatment under capital adequacy norms, preventing additional capital burden on banks. [Notification No. RBI/2026-27/111 DOR.CRE.REC.91/21-01-002/2026-27 dated 10.06.2026]

RBI:Small Finance Banks have been permitted to avail benefits under RBI’s special foreign exchange mobilisation measures, including regulatory relief for eligible foreign currency liabilities. (11.06.2026)

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RBI: Small Finance Banks have been permitted to avail benefits under RBI’s special foreign exchange mobilisation measures, including regulatory relief for eligible foreign currency liabilities. [Notification No. RBI/2026-27/112 DOR.CRE.REC.92/07.01.002/2026-27 dated 10.06.2026]

Judicial Corner : Refund Not Maintainable Without Challenging Self-Assessment { MAYUR UNIQUOTERS LTD. Versus COMMR. (APPEALS), C. EX. & CGST, JAIPUR 2024 (89) G.S.T.L. 269 (Tri. – Del.) / (2024) 21 Centax 395 (Tri. – Del.)} (09.06.2026)

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Refund Not Maintainable Without Challenging Self-Assessment { MAYUR UNIQUOTERS LTD. Versus COMMR. (APPEALS), C. EX. & CGST, JAIPUR 2024 (89) G.S.T.L. 269 (Tri. – Del.) / (2024) 21 Centax 395 (Tri. – Del.)} Facts Appellant imported goods under Advance Authorization and initially cleared the goods through self-assessment by claiming exemption from IGST. Subsequently, it realized …

Judicial Corner : Refund Not Maintainable Without Challenging Self-Assessment { MAYUR UNIQUOTERS LTD. Versus COMMR. (APPEALS), C. EX. & CGST, JAIPUR 2024 (89) G.S.T.L. 269 (Tri. – Del.) / (2024) 21 Centax 395 (Tri. – Del.)} (09.06.2026) Read More »

RBI:FPI norms for government securities has been eased by merging “general” and “long-term” categories and abolishing the 30% security-wise cap under the General Route. Additionally, the Fully Accessible Route (FAR) now includes 15, 30, and 40-year bonds, specifically adding three securities: 6.68% GS 2040, 7.24% GS 2055, and 7.71% GS 2066 (05.06.2026)

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RBI: FPI norms for government securities has been eased by merging “general” and “long-term” categories and abolishing the 30% security-wise cap under the General Route. Additionally, the Fully Accessible Route (FAR) now includes 15, 30, and 40-year bonds, specifically adding three securities: 6.68% GS 2040, 7.24% GS 2055, and 7.71% GS 2066 [RBI/2026-27/97 A.P. (DIR …

RBI:FPI norms for government securities has been eased by merging “general” and “long-term” categories and abolishing the 30% security-wise cap under the General Route. Additionally, the Fully Accessible Route (FAR) now includes 15, 30, and 40-year bonds, specifically adding three securities: 6.68% GS 2040, 7.24% GS 2055, and 7.71% GS 2066 (05.06.2026) Read More »

RBI:Effective June 30, 2026, AD Category-I banks must submit their monthly reporting for foreign offices (BO/LO/PO under Return Code ‘R343’) and NRO account remittances (Return Code ‘R006’) to the online CIMS portal, a mandatory ‘NIL’ report must be uploaded if there is no data to furnish.(05.06.2026)

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RBI: Effective June 30, 2026, AD Category-I banks must submit their monthly reporting for foreign offices (BO/LO/PO under Return Code ‘R343’) and NRO account remittances (Return Code ‘R006’) to the online CIMS portal, a mandatory ‘NIL’ report must be uploaded if there is no data to furnish. [Notification No. RBI/2026-27/98 A.P. (DIR Series) Circular No. …

RBI:Effective June 30, 2026, AD Category-I banks must submit their monthly reporting for foreign offices (BO/LO/PO under Return Code ‘R343’) and NRO account remittances (Return Code ‘R006’) to the online CIMS portal, a mandatory ‘NIL’ report must be uploaded if there is no data to furnish.(05.06.2026) Read More »

RBI: The Foreign Exchange Management (Cross Border Merger) Regulations, 2018 have been amended to replace the term “NCLT” with “Competent Authority” across all regulations, defining it as any authority legally empowered under the Companies Act, 2013 to approve a scheme of merger or amalgamation. (05.06.2026)

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RBI: The Foreign Exchange Management (Cross Border Merger) Regulations, 2018 have been amended to replace the term “NCLT” with “Competent Authority” across all regulations, defining it as any authority legally empowered under the Companies Act, 2013 to approve a scheme of merger or amalgamation. [Notification No. FEMA 389(1)/2026-RB dated 05.06.2026]

RBI: Following the official formation and demarcation of the Bajali district in Assam, the Reserve Bank of India has assigned its Lead Bank responsibility to Canara Bank, allocating the district working code 01O. Lead bank responsibilities for all other districts in Assam remain unchanged.(03.06.2026)

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RBI: Following the official formation and demarcation of the Bajali district in Assam, the Reserve Bank of India has assigned its Lead Bank responsibility to Canara Bank, allocating the district working code 01O. Lead bank responsibilities for all other districts in Assam remain unchanged. [FIDD.CO.LBS.BC.No.02/02.08.001/2026-27 dated 03.06.2026]

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