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FEMA & RBI · 6 Aug 2026
The Amendment Directions cover fair treatment of borrowers, conduct of employees and recovery agents, and technology-based recovery on financed mobile devices — for banks, NBFCs and HFCs.
Rule changeFEMA & RBI · 6 Aug 2026
RBI has released the 2026-27 list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation, based on financials as on 31 March 2026 and on revised identification criteria. Seventeen NBFCs are named. Two more — PNB Housing Finance and Sammaan Capital — do not meet the criteria this time but stay in the Upper Layer because the enhanced requirements run for at least five years.
New facilityFEMA & RBI · 6 Aug 2026
RBI issued two draft Directions on 6 August 2026 for Rural Co-operative Banks (State and Central Co-operative Banks). They propose exposure limits of 20% of Tier-I capital for a single counterparty and 25% for a group, a 15% cap each on real estate exposure and unsecured advances, and housing loan ceilings of ₹60 lakh to ₹3 crore by deposit size — all from 1 April 2027. Comments were due by 28 August 2026; the window has closed.
Comments invitedFEMA & RBI · 6 Aug 2026
RBI released draft amendment directions on 6 August 2026 proposing that an NBFC offer only credit products in the nature of term loans and no revolving credit products, except an NBFC authorised by RBI to issue credit cards. The draft defines “term loan” and “revolving credit” and proposes to delete the demand/call loan provisions. Comments were invited by 28 August 2026; that window has closed.
Comments invitedFEMA & RBI · 5 Aug 2026
RBI published draft guidelines on 5 August 2026 for licensing Urban Co-operative Banks on an ‘on tap’ basis. As proposed, only credit co-operative societies that are at least 10 years old, registered under the Multi-State Co-operative Societies Act, 2002, with deposits of at least ₹10,000 crore and net worth of at least ₹300 crore could apply. Comments were invited till 5 September 2026; that window has closed.
Comments invitedFEMA & RBI · 5 Aug 2026
The Monetary Policy Committee voted unanimously to hold the repo rate. GDP growth for 2026-27 is projected at 6.7% and CPI inflation at 5.0%.
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