Connect 2 Regulate Deatils - આરબીઆઈ - Reserve Bank of India
Guarantee regulations under Foreign Exchange Management Act (FEMA), 1999 – Draft for feedback
Reserve Bank of India has been reviewing and rationalising the regulations issued under FEMA, 1999 with an intent to promote ease of doing business. On a review, it has been decided to rationalise regulations pertaining to guarantees issued under FEMA, 1999. Salient features of proposed regulations are as under:
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The regulations are principle based and in general guarantees involving cross border transactions will be under automatic route provided that underlying transaction, and the transactions resulting from invocation of guarantee are not in contravention of FEMA, 1999;
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The universe of guarantees enabled under automatic route is being expanded, and therefore a comprehensive reporting of all guarantees, issued and invoked, is proposed to be introduced.
The draft regulations under FEMA are available for public response.
Comments/feedback on the draft regulations may be submitted through the link given below. Alternatively, it may also be forwarded via email to guaranteefeedback@rbi.org.in by September 04, 2025, with the subject line “Feedback on draft guarantee regulations under FEMA, 1999”.
પીડીએફ
(RBI invites comments on the draft circular on ‘Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025’
Under the provisions of Banking Regulation Act, 1949, nomination facility is available in respect of deposit accounts, articles kept in safe custody or safe deposit lockers. This is intended to facilitate expeditious settlement of claims or return of articles or release of contents of safe deposit locker upon death of a customer and to minimise hardship caused to family members. The extant instructions require banks to adopt a simplified procedure to facilitate expeditious and hassle-free settlement of claims made by survivors/ nominees/ legal heirs in case of deposit accounts up to a threshold limit, however, the procedures vary across banks. With a view to enhance customer service standards, it has been decided to streamline the procedures and standardise the documentation to be submitted to the banks. Accordingly, Reserve Bank has released today the draft circular in this regard for public consultation.
Additional comments or any attachments may also be submitted by email at mcsdorfeedback@rbi.org.in.
Last date for submission of comments is August 27, 2025.
RBI invites public comments on Master Direction - Business Authorization for Co-operative Banks (Directions), 2025
The Reserve Bank of India has, from time to time, issued several instructions/ guidelines to co-operative banks, i.e., Primary (Urban) Co-operative Banks (UCBs), State Co-operative banks (StCBs) and District Central Co-operative banks (DCCBs), related to permission for place of business, change of name and scheduling, etc.
2. On a detailed review of the above guidelines/ instructions, it has been decided to issue a Master Direction containing consolidated and harmonized instructions applicable to all co-operative banks. The draft Master Direction in this regard is being issued today for stakeholder feedback.
Additional comments or any attachments may also be submitted by email at rlscooprrbdor@rbi.org.in.
Last date for submission of comments is August 25, 2025.
RBI invites public comments on the draft circular on ‘Counterparty Credit Risk: Add-on factors for computation of Potential Future Exposure – Revised Instructions’
Extant instructions on capital adequacy for banks prescribe the Current Exposure Method (CEM) for computation of Counterparty Credit Risk (CCR). The Reserve Bank has reviewed these instructions to (i) clarify that banks acting as clearing members of SEBI recognised stock exchanges in the equity derivatives and commodity derivatives segments are required to maintain capital charge for CCR; and (ii) largely align the add-on factors for calculation of Potential Future Exposure (PFE) in the CEM for ‘Interest Rate Contracts’ and ‘Exchange Rate Contracts and Gold’ with the Basel Committee on Banking Supervision (BCBS) guidelines, reflecting the development and depth of the respective market segments since the guidelines were last revised in August 2008.
Accordingly, Draft Circular along with Draft Amendment Directions - Reserve Bank of India (Counterparty Credit Risk: Add-on factors for computation of Potential Future Exposure) (Amendment) Directions, 2025 have been issued for public comments.
Additional comments or any attachments may also be submitted by email at mrgdor@rbi.org.in
Last date for submission of comments is September 10, 2025.
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RBI invites public comments on Reserve Bank of India (Securitisation of Stressed Assets) Directions, 2025
A prudentially structured securitisation transaction can be an enabler for resolution of stressed assets as it is expected to improve risk distribution and provide an exit route from such exposures for lenders. With this objective, RBI had released a discussion paper on Securitisation of Stressed Assets Framework in January 2023, to seek comments from market participants on various aspects of the framework. After factoring in the suggestions received from the stakeholders on the discussion paper, the draft Directions for securitisation of stressed assets have been issued for public comments. The framework intends to enable securitisation of stressed assets through a market-based mechanism, in addition to the existing ARC route under SARFAESI Act, 2002.
Additional comments or any attachments may also be submitted by email at feedbackcrg@rbi.org.in
Last date for submission of comments is May 12, 2025.
RBI invites public comments on Reserve Bank of India (Non-Fund Based Credit Facilities) Directions, 2025
Non-fund based (NFB) facilities like Guarantees, Letters of Credit, Co-Acceptances etc. play a significant role in facilitating effective credit intermediation, besides enabling seamless business transactions, including trade transactions. It has now been decided to harmonize and consolidate guidelines covering these facilities across all REs. The revised guidelines include a review of instructions on issuance of partial credit enhancement by REs, with a view to, inter alia, broadening funding sources for infrastructure financing. Draft Directions in this regard have been issued for public comments.
Additional comments or any attachments may also be submitted by email at feedbackcrg@rbi.org.in
Last date for submission of comments is May 12, 2025.
RBI invites public comments on the draft circular on ‘Updation/ Periodic Updation of KYC– Revised Instructions’
Please refer to instructions on Updation/ Periodic Updation of KYC as contained in paragraph 38 of Master Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as amended from time to time). Reserve Bank has released today the draft circular on Updation/ Periodic Updation of KYC – Revised Instructions which encloses the draft Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025 modifying the aforementioned instructions.
Additional comments or any attachments may also be submitted by email at amldorfeedback1@rbi.org.in.
Last date for submission of comments is June 6, 2025.
RBI invites public comments on Discussion Paper on Capital Raising Avenues for Primary (Urban) Co-operative Banks
The Banking Regulation (Amendment) Act, 2020 has enabled certain capital related provisions such as issuance of special shares, issuance of shares at a premium, etc., which are new to the co-operative banking sector. The Report of the Expert Committee on Primary (Urban) Co-operative Banks (the Expert Committee), chaired by Shri. N.S. Vishwanathan, former Deputy Governor, RBI, had provided broad guiding principles on these provisions through its recommendations. Thereafter, a Working Group was constituted in RBI to inter alia operationalise the recommendations of the Expert Committee on these newly enabled capital related provisions.
Subsequently, as a part of the Statement on Developmental and Regulatory Policies released on Oct 09, 2024, RBI had proposed to issue a Discussion Paper (DP) on Capital Raising Avenues for Primary (Urban) Co-operative Banks based on the recommendations of the Working Group. Accordingly, RBI has released the DP today for public consultation.
Additional comments or any attachments may also be submitted by email at feedbackcap@rbi.org.in
Last date for submission of comments is July 15, 2025.
RBI invites public comments on Reserve Bank of India (Investment in AIF) Directions, 2025
The Reserve Bank had, on December 19, 2023, issued guidelines relating to investment by the regulated entities (REs) in Alternative Investment Funds (AIFs), with the objective of addressing certain concerns relating to possible evergreening through this route. Subsequently, certain clarifications were issued vide circular dated March 27, 2024. On a review, it is observed that the regulatory measures undertaken by the Reserve Bank have brought financial discipline among the REs regarding their investment in AIFs. Meanwhile, SEBI has also issued guidelines requiring inter alia specific due diligence with respect to investors and investments of the AIFs, to prevent facilitation of circumvention of regulatory frameworks. In view of these developments, the Reserve Bank of India has issued the revised draft Directions today for public consultation.
Additional comments or any attachments may also be submitted by email at feedbackcrg@rbi.org.in
Last date for submission of comments is June 08, 2025.
RBI invites public comments on Reserve Bank of India (Lending Against Gold Collateral) Directions, 2025
Loans against the collateral of gold jewellery and ornaments are extended by regulated entities (REs) for both consumption and income-generation purposes. Prudential and conduct related regulations for such loans have been issued from time to time and they vary for different categories of REs. With a view to harmonizing such regulations across REs while keeping in view their risk-taking capabilities, and also to address a few concerns that have been observed, it has been decided to issue comprehensive regulations, on prudential norms and conduct related aspects, for such loans. The draft Directions in this regard have been issued for public comments.
Additional comments or any attachments may also be submitted by email at feedbackcrg@rbi.org.in
Last date for submission of comments is May 12, 2025.
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