RBI weekly summary

RBI updates 7-13 September 2026: KYC money-mule rules, OMO sale

RBI proposed cyber-fraud account controls, tightened liquidity and changed prudential and priority-sector rules during the week.

The week in brief

What changed

7 points

01
RBI proposed temporary debit holds for accounts linked to money-mule activity and cyber fraud; comments close on 2 October.
02
Liquidity tightening intensified: RBI announced Rs 1 lakh crore of government-security sales and absorbed Rs 4.05 lakh crore through 4-day and 26-day VRRRs at 5.24%.
03
Scheduled Local Area Banks received immediate CRR and SLR rules, including 90% daily CRR maintenance and penalties for shortfalls.
04
The FCNR(B) and NRE deposit cutoff for PSL-related ANBC exclusions moved from 30 September back to 31 August.
05
Unified Fintech Forum became an RBI-recognised fintech self-regulatory organisation.
06
RBI withdrew seven obsolete or superseded FEMA circulars, mainly on external commercial borrowings and overseas rupee bonds.
07
NBFC credit grew 14.9% year on year in July, led by 21.4% retail growth; weekly banking data showed 19.1% credit and 17.8% deposit growth.

Complied AI condensed the week's RBI records into the points above. Use the inline links to check each underlying update.