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RBI weekly summary
RBI updates 21-27 September 2026: export window cut to 9 months
RBI cut export-proceeds realisation to nine months from 1 October and set commercial-bank market-risk capital rules from 1 April 2027.
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RBI weekly summary
RBI cut export-proceeds realisation to nine months from 1 October and set commercial-bank market-risk capital rules from 1 April 2027.
The week in brief
From 1 October, export proceeds must be realised and repatriated within 9 months, down from 15, the first proviso falls from 18 months to 12, and exporters on the Caution List as of 30 September stay on existing orders until removal. Category-I authorised dealers were told of Exim Bank's Rs 4,850 crore line of credit to the Government of Maldives for developmental projects.
Commercial banks must use the Simplified Standardised Approach for market-risk capital, under directions aligned to the revised Basel III framework, effective 1 April 2027. From 22 September, novation of OTC foreign-exchange, interest-rate, government-securities, and credit derivative contracts follows the updated master directions.
On 22 September, RBI required commercial banks and local area banks to value quoted InvIT and REIT units under the quoted-security rules, and unquoted units at the NAV the trust discloses. It also issued investment-portfolio amendment directions for small finance banks, payments banks, and all-India financial institutions.
RBI fined Ola Financial Services Private Limited Rs 3.10 lakh for missing risk categorisation of some customers, found in an inspection of January to November 2025. It fined Hero Fincorp Limited Rs 10 lakh for collecting excess interest, and KLM Axiva Finvest Limited Rs 2.70 lakh for not paying surplus from pledged-gold auctions to some borrowers, both on the position as of 31 March 2025.
The Ways and Means Advances limit is Rs 50,000 crore for October 2026 to March 2027, with fresh market loans at 75 percent use, WMA interest at the repo rate, and overdraft interest at the repo rate plus 2 percent. RBI also published an indicative dated-securities and sovereign green bond calendar for that half-year, and a Treasury bill calendar of Rs 23,000 crore a week through December 2026, which it may change.
RBI accepted the full Rs 25,000 crore notified for the 21 September OMO sale, for settlement on 22 September, and took Rs 34,000 crore of 6.94% GS 2036 at a cut-off price of 98.58, a yield of 7.1450 percent. The FRB 2033 coupon is 6.87 percent from 22 September 2026 to 21 March 2027, and variable-rate reverse repo auctions cleared at a 5.24 percent cut-off.
RBI told regulated entities that Shahzad Bhatti Network is designated a terrorist organisation in the First Schedule of the Unlawful Activities (Prevention) Act, 1967. Entities must report accounts that resemble the organisation to FIU-IND, following the UAPA order of 2 February 2021.
Complied AI condensed the week's RBI records into the points above. Use the record links to check each underlying update.
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