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

Scheduled Local Area Banks received immediate CRR and SLR rules, including 90% daily CRR maintenance and penalties for shortfalls.

• Record: Reserve Bank of India (Local Area Banks - CRR and SLR) Second Amendment Directions, 2026

The FCNR(B) and NRE deposit cutoff for PSL-related ANBC exclusions moved from 30 September back to 31 August.

• Record: Reserve Bank of India (Priority Sector Lending) Third Amendment Directions, 2026

Unified Fintech Forum became an RBI-recognised fintech self-regulatory organisation.

• Record: Recognition of Self-Regulatory Organisation in the FinTech Sector

RBI withdrew seven obsolete or superseded FEMA circulars, mainly on external commercial borrowings and overseas rupee bonds.

• Record: Review of Circulars issued under Foreign Exchange Management Act, 1999

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.

• Record 1: Sectoral Deployment of Credit by NBFC - July 2026
• Record 2: Reserve Bank of India Bulletin Weekly Statistical Supplement