FEMA 2026 Overhaul: Unified Export-Import Rules Simplified
The Reserve Bank of India (RBI) notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (Notification No. FEMA 23(R)/2026-RB dated January 13, 2026), superseding the 2015 export regulations and introducing a unified framework for goods and services exports and imports. Effective from October 1, 2026, these principle-based rules aim to…
Read article
Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2026
The Reserve Bank of India (RBI) notified the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2026 on 16 January 2026, replacing the 2021 scheme with the objective of further streamlining customer grievance redressal across RBI-regulated entities. The revised scheme will come into force from 1 July 2026 and reinforces the philosophy of “One Nation, One…
Read article
Updated RBI Priority Sector Lending (PSL) Directions, 2025
The RBI Priority Sector Lending (PSL) Master Directions, 2025, updated as on January 19, 2026, consolidate and supersede the earlier 2020 guidelines. These Directions apply to Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Local Area Banks (LABs), and Urban Co-operative Banks (UCBs), excluding Salary Earners’ Banks. The revised framework aims to strengthen…
Read article
Bank finance under PMEGP scheme
(This article clarifies on who is eligible ( the age, limit, qualification) including quantum of subsidy, bank loan and money to be bought up by the entrepreneur to start up a business for bank finance under PMEGP scheme.) Any individual, above 18 years of age. At least VIII standard pass for projects costing above Rs.10 lakh…
Read article
CLCSS subsidy scheme for micro and small enterprises
The Ministry of Micro, Small and Medium Enterprises is operating a scheme namely “Credit Linked Capital Subsidy Scheme (CLCSS) for technology upgradation of Micro and Small Enterprises. If you are a MSE (Micro & Small Enterprise) manufacturer and if you want to modernize your equipment/plant/machineries, you may get capital subsidy of up to Rs.15 lakh…
Managing key elements of Fraud Risk in Banks
This article examines the key elements of RBI’s Master Directions on Fraud Risk Management, focusing on RFAs, EWS, staff accountability, and governance requirements. Red Flagged Accounts (RFA) A Red Flagged Account is identified when one or more Early Warning Signals indicate the possibility of fraudulent activity in a loan or credit facility. RBI mandates banks…
Read article