October 2026
Every regulatory development we covered this month, gathered into one sitting for your promotion exam revision.
The month's lead · RBI
RBI removes Non-Option Derivative Contract limits for Small Finance Banks
20 October 2026 · RBI
RBI has amended the Small Finance Banks Miscellaneous Directions, 2025 by deleting the section that prescribed limits for non-option derivative contracts. The change is effective immediately.
Read the full updateRBI
39 stories1 Oct
RBI Relaxes LAB Major Shareholding Norms for Institutional Investors
The RBI has updated shareholding directions for Local Area Banks, introducing one-time approval for subsequent major shareholding acquisitions by mutual funds, insurers, and pension funds. It also carved out exemptions for portfolio managers providing non-binding advisory services.
Source: RBI
1 Oct
RBI Eases Subsequent Major Shareholding Approvals for SFBs
The RBI has amended shareholding norms for Small Finance Banks, allowing one-time approval for subsequent major shareholding acquisitions by mutual funds, insurance companies, and pension funds. It also clarified that client investments under non-binding advice will not count as indirect acquisitions by portfolio managers.
Source: RBI
1 Oct
RBI Releases Master Circular on Credit Facilities to SCs and STs
RBI has issued a consolidated Master Circular directing Scheduled Commercial Banks to step up credit delivery to SC/ST beneficiaries through Lead Bank District Credit Plans. The guidelines reiterate that banks must not insist on deposits under poverty alleviation schemes and must disburse subsidies upfront.
Source: RBI
1 Oct
RBI Permits Delegation of ATM Cassette Swap Monitoring
RBI has modified its circular on ATM cassette swaps, permitting bank Boards to delegate the monitoring of implementation progress to a Committee of Executives. The amendment aligns with the RBI Governance Amendment Directions 2026 across commercial, small finance, payments, and local area banks.
Source: RBI
2 Oct
RBI Notifies CIMS Submission Framework for NRD-CSR (R012)
The Reserve Bank of India has mandated the submission of the Non-Resident Deposits Comprehensive Single Return (NRD-CSR, Return Code R012) through the CIMS Sankalan portal. Reporting banks must submit the monthly return on or before the 10th of the subsequent month. Screen-based web submissions are currently restricted to a ceiling of 2,000 records.
Source: RBI
2 Oct
RBI Issues Master Direction on Note Sorting Machines
The Reserve Bank of India has issued a consolidated Master Direction on Note Sorting Machines for all banks under the Banking Regulation Act, 1949. It establishes that authenticity checks are a mandatory prerequisite for fitness sorting, and notes must pass all individual fitness parameters to be reissued. Furthermore, machines must automatically classify phased-out banknote series as unfit for circulation.
Source: RBI
2 Oct
RBI Relaxes Approval Process for Form A2 Remittance Guidelines
The Reserve Bank of India has updated directions for Authorised Dealers handling outward remittances under Form A2. Internal guidelines can now be approved by the Board or any Board/Management Committee to which powers are delegated. All other provisions of the July 2024 circular remain unchanged.
Source: RBI
2 Oct
RBI Relaxes Major Shareholding Norms for Institutional Investors in Payments Banks
RBI has amended the Master Direction on Acquisition and Holding of Shares in Payments Banks to allow one-time approval for subsequent major share acquisitions by mutual funds, insurance companies, and pension funds. The amendment also excludes portfolio managers from indirect holding attribution when non-binding advisory conditions are met.
Source: RBI
3 Oct
RBI Governor Addresses 5th Kautilya Economic Conclave
The RBI Governor highlighted the institutional architecture underpinning financial stability in India during a speech at the Kautilya Economic Conclave. He emphasized that financial stability is implicitly embedded in the RBI Act, supported by mechanisms like Section 45W and the FSDC. The speech stressed vigilance against complacency following prolonged periods of financial resilience.
Source: RBI
7 Oct
RBI Enables Interoperability Among Account Aggregators, FDs to Appear in CAS
The RBI has enabled NBFC-Account Aggregators to work across platforms, letting customers share financial data through any AA. Depositories regulated by SEBI can now include bank deposit account details, including FDs, in the Consolidated Account Statement.
Source: The Times of India
7 Oct
RBI to Clarify Forex Reporting Rules for Individuals via FAQ
The RBI will soon issue an FAQ clarifying its new foreign exchange regulations, which had caused confusion among individuals doing personal cross-border transactions. Governor Sanjay Malhotra and Deputy Governor Rohit Jain confirmed that individuals receiving payments for personal services like tutoring or small software work are not covered by the exporter/importer reporting requirements.
Source: Mint
7 Oct
RBI: NBFC Revolving Credit Ban Was Never Permitted, Clarification Not New Rule
RBI Governor Sanjay Malhotra clarified that the draft circular barring NBFCs from offering revolving credit is not a new rule, as such products were never permitted. Feedback on the draft is being examined and final norms may differ.
Source: Mint
7 Oct
RBI Governor: MDR on UPI unlikely to reduce transaction volumes
RBI Governor Sanjay Malhotra said the 0.4% MDR on person-to-merchant UPI transactions, effective October 15, is unlikely to dent volumes. UPI recorded 802 million average daily transactions in September, with certain categories facing a flat ₹5 fee above ₹2,000.
Source: www.business-standard.com
7 Oct
RBI Allows Interoperability Among Account Aggregators by December 2026
The RBI has decided to introduce interoperability among NBFC-Account Aggregators, enabling customers to access and share financial information held by different FIPs through any NBFC-AA of their choice. It has also allowed Sebi-regulated depositories to include bank deposit account details in the Consolidated Account Statement via NBFC-AAs.
Source: www.business-standard.com
7 Oct
RBI: Depositories Can Add Bank Deposit Details to CAS by Dec 2026
The RBI has permitted SEBI-registered depositories to include customer bank deposit details in consolidated account statements, and has allowed interoperability among NBFC-Account Aggregators. Both measures are to be operational by December 31, 2026.
Source: Economic Times
7 Oct
RBI Hikes Repo Rate 25 bps to 5.5%, Shifts Stance to 'Calibrated Tightening'
The RBI MPC unanimously raised the repo rate by 25 bps to 5.5%—the first hike in over three-and-a-half years—ending nearly two years of monetary accommodation. The stance was changed to 'calibrated tightening', with future action restricted to hikes or an extended pause, as retail inflation stayed above the 4% target.
Source: www.ndtvprofit.com
7 Oct
RBI DG Rohit Jain Addresses SBI Banking Conclave on Resilient Banking and UPI
Speaking at the 13th SBI Banking and Economics Conclave, RBI Deputy Governor Rohit Jain highlighted that UPI accounts for 49% of global real-time payment volumes. He noted India's GDP share on a PPP basis rose to 8.2% in FY26 and stressed that technology resilience and AI governance must be integrated into banking risk frameworks.
Source: BIS
8 Oct
RBI Rules: Banks Must Pay Rs 100–Rs 5,000/Day for These 5 Delays
RBI's deadline-driven framework requires banks to automatically compensate customers for delays in failed digital payments, credit card closure, return of loan property documents, credit report correction, and locker loss. Per-day compensation ranges from Rs 100 to Rs 5,000 and is often credited suo motu.
Source: The Economic Times
8 Oct
RBI lets depositories add bank deposits to CAS from Jan 1, 2027
The RBI has permitted Sebi-regulated depositories to include bank deposit information in the Consolidated Account Statement (CAS) via NBFC-Account Aggregators, effective January 1, 2027. Governor Sanjay Malhotra said this will let demat holders view demat holdings and bank deposits in one place.
Source: www.business-standard.com
8 Oct
RBI Repo Rate Hike to Lift Bank Margins, Deposit Rates to Lag
The RBI's 25-bps repo rate hike is expected to expand banks' net interest margins as lending rates rise faster than deposit costs, helped by surplus liquidity from FCNR(B) inflows. Private banks with higher EBLR-linked advances may see quicker benefits from Q3, while PSU banks could see a staggered impact.
Source: The Financial Express
8 Oct
Banks Raise Lending Rates After RBI's 25 bps Repo Hike
The RBI raised the repo rate by 25 bps to 5.50% on October 7, its first hike in nearly four years, and switched its stance to 'calibrated tightening'. PNB, BoB, Indian Bank, BoI, IOB and Tamilnad Mercantile Bank have since raised their repo-linked lending rates by 25 bps, effective October 8.
Source: Business Today
8 Oct
RBI Removes Paytm Payments Bank from Scheduled Banks List
Following the cancellation of Paytm Payments Bank's license, the RBI has removed it from the Second Schedule of the RBI Act, ending its status as a scheduled bank. The removal means PPBL can no longer operate as a scheduled bank.
Source: India Today | Latest Stories
8 Oct
RBI amends Small Finance Banks capital adequacy norms on QCCP exposure
RBI issued the Sixth Amendment Directions, 2026 to the Small Finance Banks Prudential Norms on Capital Adequacy, replacing paragraph 75(5)(i)(a). A 2% risk weight applies to a small finance bank clearing member's trade exposure to a QCCP, including client clearing reimbursement cases. Effective from date of issue.
Source: RBI
8 Oct
RBI amends Payments Banks capital adequacy norms on QCCP exposure
RBI issued the Third Amendment Directions, 2026 to the Payments Banks Prudential Norms on Capital Adequacy, replacing paragraph 52(5)(i)(a). A 2% risk weight applies to a payments bank clearing member's trade exposure to a QCCP, including client clearing reimbursement cases. Effective from date of issue.
Source: RBI
8 Oct
RBI amends AIFI capital adequacy norms on QCCP clearing exposure
RBI issued the Fifth Amendment Directions, 2026 to the AIFI Prudential Norms on Capital Adequacy, replacing paragraph 77(6)(i)(a). A 2% risk weight applies to an AIFI clearing member's trade exposure to a QCCP, including client clearing reimbursement cases. The directions take effect from the date of issue.
Source: RBI
8 Oct
Standing Liquidity Facility for Primary Dealers priced at revised repo rate
RBI revised the Standing Liquidity Facility rate for Primary Dealers to the new repo rate of 5.50% with immediate effect. The change follows the MPC's 25 basis point hike in the policy repo rate from 5.25% to 5.50%.
Source: RBI
8 Oct
RBI MPC raises repo rate by 25 bps to 5.50%
The Monetary Policy Committee increased the policy repo rate under the LAF by 25 basis points from 5.25% to 5.50% with immediate effect. The SDF rate stands adjusted to 5.25% and the MSF rate to 5.75%, with all other LAF terms unchanged.
Source: RBI
8 Oct
RBI raises Bank Rate to 5.75%; CRR/SLR penal interest revised
RBI increased the Bank Rate by 25 bps from 5.50% to 5.75% with immediate effect, per the Monetary Policy Statement 2026-27. Penal interest rates on CRR and SLR shortfalls linked to the Bank Rate rise to 8.75% and 10.75% depending on the duration of the shortfall.
Source: RBI
10 Oct
RBI Opens Special USD Window for Three State-Run OMCs from October 12
The Reserve Bank of India has opened a special window to meet the entire daily dollar requirements of three public sector oil marketing companies—Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation. The facility will be effective from October 12, 2026 and will continue until further notice.
Source: Mint
10 Oct
RBI raises daily minimum CRR maintenance to 99% from October 16
RBI has increased the minimum daily CRR maintenance requirement for scheduled banks from 90% to 99% of the prescribed CRR, effective the fortnight beginning October 16, 2026, while the fortnightly average CRR requirement remains unchanged.
Source: RBI
11 Oct
RBI Introduces 20% Foreign Exchange Risk Reserve for Large INR Derivative Contracts
The RBI now requires Authorised Dealers to maintain a 20% cash reserve for foreign exchange derivative contracts involving INR exceeding USD 2 million for hedging current account transactions. This reserve must be reported daily to the RBI.
Source: RBI
11 Oct
RBI Bans Rebooking of Cancelled INR Forex Derivatives, Slashes Position Limits
The RBI has prohibited rebooking of cancelled INR derivative contracts and reduced the no-underlying position limit from USD 100 million to USD 5 million. A user undertaking to prevent duplicate hedging is now mandatory.
Source: RBI
12 Oct
CPI inflation hits 23-month high of 5.54% in September
India's retail inflation, measured by CPI, rose to a 23-month high of 5.54% in September from a revised 4.83% in August, driven by food and fuel-linked costs. Food inflation climbed to 7.74% with onion prices surging over 108%.
Source: www.business-standard.com
12 Oct
RBI Announces Third Round of Rupee Defence Measures
The RBI has barred authorised dealers from allowing rebooking of cancelled rupee-linked forex derivatives and cut the no-underlying-exposure derivative threshold to $5 million from $100 million. These steps aim to curb speculative hedging and reduce dollar demand.
Source: www.ndtvprofit.com
12 Oct
RBI Cracks Down on Forex Derivatives, Opens Dollar Window for OMCs
The RBI has introduced foreign exchange curbs effective from October 10 to ease pressure on the rupee, including a 20% Foreign Exchange Risk Reserve on certain derivative contracts and a ban on rebooking cancelled INR-linked forex derivatives. It also opened a special window to sell dollars to three public sector oil marketing companies to meet their entire daily dollar requirements.
Source: www.ndtvprofit.com
12 Oct
RBI cuts no-underlying-exposure position threshold to $5 million
The Reserve Bank of India has lowered the threshold for taking positions without underlying exposure to $5 million equivalents from $100 million. The rupee appreciated 80 paise at open amid the RBI's intervention.
Source: The Hindu BusinessLine
13 Oct
RBI restricts NDDCs, mandates 20% Foreign Exchange Risk Reserve
RBI has mandated that non-deliverable derivative contracts involving INR to non-resident users can only be offered for hedging, and introduced a 20% Foreign Exchange Risk Reserve on certain INR derivative contracts.
Source: RBI
15 Oct
RBI dollar swap window lifts bank deposits to record $3 trillion
Banking system deposits crossed a record $3 trillion in September, helped by the RBI's discounted swap window for foreign-currency deposits, which drew about $133 billion in inflows. Deposits rose 21.67 trillion rupees in the first half of the financial year, with 20 trillion rupees added between June 16 and August 31.
Source: The Economic Times
17 Oct
RBI grants in-principle nod to Axis Bank's Freecharge as payment aggregator
Axis Bank's Freecharge has received in-principle approval from the RBI to operate as a payment aggregator. The approval comes as Axis Bank expands its digital payments business, including UPI and merchant acquiring.
Source: The Economic Times
Regulatory
19 stories1 Oct
PFRDA Launches AI-Powered Pension Sahayak Portal for Grievances
PFRDA has launched an AI-powered portal named 'PFRDA Pension Sahayak' to transform pension grievance redressal. Detailed service capabilities and access instructions were not available in the source text.
Source: PFRDA
1 Oct
Additional NPS Investment Choices Extended to CAB Employees
The Government has extended additional NPS investment choices to employees of Central Autonomous Bodies. Specific options and operational guidelines were omitted from the source text.
Source: PFRDA
1 Oct
PFRDA Constitutes ASCEND Panel for Global Pension Fund Collaboration
PFRDA has set up the ASCEND Panel to bridge global pension funds with Indian pension funds operating under the NPS. Full operational guidelines and panel composition were not provided in the source text.
Source: PFRDA
7 Oct
Government Directs Banks to Prepare Quantum-Safe Transition and AI Resilience Framework
The finance ministry has instructed banks to assess post-quantum vulnerabilities, adopt quantum-resistant encryption, and work on a sectoral AI resilience framework. A working group under the SBI chairman is examining the matter, while a DST report warns of 'harvest now, decrypt later' threats.
Source: The Economic Times
8 Oct
UPI MDR decision expected today; industry anticipates deferral to January 2027
A decision on the Merchant Discount Rate (MDR) for UPI is likely today, with the industry expecting it to be deferred to January 2027. The panel includes the Indian Banks' Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations.
Source: The Hindu BusinessLine
8 Oct
FEMA 2026: Service Exports Now Need Monthly EDF Reporting
From 1 October 2026, Indian freelancers, consultants, and creators earning from overseas clients must file a monthly Export Declaration Form (EDF) with their bank and repatriate proceeds within 9 months (12 months if invoiced in rupees).
Source: www.business-standard.com
8 Oct
UPI Merchant Discount Rate Rollout May Be Deferred to January 1
The proposed merchant discount rate (MDR) on UPI peer-to-merchant transactions may be postponed until January 1, giving a breather during the festival season. Consumers will not bear any MDR; it applies to merchants on transactions above ₹2,000.
Source: www.business-standard.com
9 Oct
Fed's Bowman assesses recalibrated eSLR and Treasury market impact
Federal Reserve Vice Chair for Supervision Michelle Bowman, in a BIS-published speech delivered 1 October 2026, gave an initial assessment of the Fed's recalibration of the enhanced supplementary leverage ratio (eSLR). She noted the eSLR applies only to U.S. GSIBs with a 3% minimum plus 2% buffer (and 6% for GSIB subsidiary insured depository institutions to be 'well capitalized'), and argued its binding nature had curtailed dealer intermediation in the Treasury market, prompting a temporary reduction in 2020 and the recent recalibration.
Source: BIS
10 Oct
FSB finds gaps in public sector backstop funding for bank resolution
The FSB's peer review on public sector backstop funding mechanisms finds that most member jurisdictions lack a pre-arranged, credible backstop capable of funding large systemic banks in resolution, weakening Key Attribute 6 implementation.
Source: FSB
11 Oct
NPCI Introduces MDR on Select UPI P2M Payments Above Rs 2,000
NPCI's September 15 circular imposes a 0.4% MDR on person-to-merchant UPI payments above Rs 2,000, paid by merchants, with a cap of Rs 300 for transactions of Rs 75,000 or more. An IIT Bombay report argues the framework should be rationalised before implementation to protect public trust and suggests MDR apply only to merchants with turnover above Rs 50 crore.
Source: www.business-standard.com
11 Oct
UPI MDR: Government Ends Zero-Fee UPI on Large Merchant Payments
The central government announced in September 2026 that UPI merchant transactions above ₹2,000 will attract a 0.4% MDR, capped at ₹300, ending over six years of zero-fee UPI usage. NPCI has clarified in its FAQs that merchants are expected to absorb these nominal digital payment costs, while consumers continue to pay the listed price.
Source: Mint
13 Oct
FSB Chair's October 2026 letter to G20: AI, stablecoins and bond market risks
FSB Chair Andrew Bailey urged continued vigilance against sovereign bond market volatility, private credit vulnerabilities and AI risks in his letter to G20 Finance Ministers and Central Bank Governors ahead of their 15 October 2026 meeting. The letter accompanied a stablecoin monitoring note and finalised sound practices on AI adoption.
Source: FSB
14 Oct
Basel Committee RCAP leverage ratio grades: 4 compliant, 2 largely compliant
The Basel Committee published RCAP reports on leverage ratio framework implementation in six jurisdictions, concluding its first multi-jurisdictional LEV assessment round.
Source: BIS
15 Oct
FSB final report lists 12 sound practices for responsible AI adoption
The FSB's final report enumerates 12 sound practices for financial institutions' responsible AI adoption, covering governance and full AI lifecycle risk management. Institutions are encouraged, not mandated, to apply them.
Source: FSB
15 Oct
FSB finalises 12 sound practices for responsible AI adoption
The FSB issued its final report setting out 12 sound practices to help financial institutions adopt AI responsibly while managing risks. The practices are grouped into organisation-wide AI governance and lifecycle risk management.
Source: FSB
15 Oct
FSB details 8 modernisation principles in consultation report
The FSB's consultation report sets out eight high-level principles for regulatory and supervisory modernisation, governed by four understandings on financial stability, international standards, legal frameworks and resilience. Comments are invited by 8 January 2027.
Source: FSB
15 Oct
CPMI-IOSCO issue final guidance for FMIs on general business risks and losses
CPMI and IOSCO published final supplemental guidance to the PFMI covering FMIs' management of general business risks and losses, including minimum liquid net assets funded by equity.
Source: BIS
15 Oct
FSB proposes 8 principles for regulatory and supervisory modernisation
The FSB has opened consultation on eight high-level principles to make regulatory and supervisory frameworks more forward-looking and responsive to new risks and technologies, alongside its 2026 G20 Implementation Monitoring Review. Comments close on 8 January 2027, with the final report due in the first half of 2027.
Source: FSB
17 Oct
Basel finalises G-SIB window-dressing fixes; raises threshold to EUR 350 bn
The Basel Committee has finalised amendments requiring G-SIB indicators to be reported and disclosed as reporting-year averages instead of year-end values, and raised the G-SIB reporting threshold, while consulting on the EBU cross-border exposures treatment.
Source: BIS
Banking
11 stories1 Oct
Ms. Lavanya R Mundayur Appointed as CMD of NIACL
Ms. Lavanya R Mundayur, previously Chairman-cum-Managing Director of Agriculture Insurance Company of India Limited (AICIL), has been appointed as CMD of New India Assurance Company Limited (NIACL).
Source: Ministry of Finance
1 Oct
BCBS Approves G-SIB Window-Dressing Revisions and Pillar 3 Standard
The Basel Committee on Banking Supervision approved revisions to its G-SIB framework to counter year-end window-dressing and finalized a standard requiring machine-readable Pillar 3 disclosures. It also agreed to review operational risk loss categories in response to AI and cyber developments.
Source: BIS
5 Oct
BCBS: Basel III to be Applicable Across Member Jurisdictions by 2027
The Basel Committee on Banking Supervision announced that three-quarters of its 27 member jurisdictions have published regulations implementing the full Basel III framework. Almost all member jurisdictions have mandated that banks must apply the standards by April 2027 or earlier. The revised credit risk, operational risk, and output floor standards are already in effect in approximately 85% of member jurisdictions.
Source: BIS
8 Oct
HDFC Bank, PNB, BoB, and 4 Other Lenders Raise Lending Rates Effective October 8
After the RBI increased the repo rate by 25 basis points, several banks including HDFC Bank, PNB, BoB, Indian Bank, Bank of India, Indian Overseas Bank, and Tamilnad Mercantile Bank have raised their lending rates effective October 8. This will make loans more expensive for borrowers.
Source: The Financial Express
14 Oct
Govt Approves IDBI Bank Sale to Fairfax; 60.72% Stake for ₹53,000 Crore
The Union Cabinet approved the privatisation of IDBI Bank, with Canada's Fairfax Financial Holdings acquiring a 60.72% stake for about ₹53,000 crore. Government and LIC will both withdraw their nominee directors from the board.
Source: Mint
15 Oct
Fairfax's 60.72% IDBI Bank Stake: RBI Ownership Rules
Canada's Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank for ₹52,878 crore, with CCEA approval granted on Wednesday. The deal must comply with RBI's foreign ownership norms, including a requirement to reduce equity to 26% within 15 years.
Source: www.business-standard.com
15 Oct
Fairfax Approved as Buyer for 60.72% IDBI Bank Stake
The government has approved a Fairfax subsidiary as the strategic buyer for a 60.72% stake in IDBI Bank, valued at approximately ₹52,878 crore. The deal signals long-term foreign investor confidence in India's banking sector and a larger role for private capital.
Source: Mint
15 Oct
SC Upholds Quashing of Yes Bank AT-1 Bond Write-Off
The Supreme Court dismissed appeals by Yes Bank, RBI, and the Centre, upholding the Bombay High Court's order that quashed the write-off of ₹8,415 crore worth of AT-1 bonds. The dispute arose from the RBI's 2020 reconstruction scheme, under which the bonds were written down.
Source: www.business-standard.com
16 Oct
SC Rules Against Yes Bank's Rs 8,415 Crore AT1 Bond Write-Off
The Supreme Court held that the Yes Bank administrator lacked the power to write down AT1 bonds that were not part of the reconstruction scheme, ruling in favour of bondholders. Yes Bank is now liable to pay Rs 8,415 crore plus interest on these bonds.
Source: The Economic Times
16 Oct
RBI approves Emirates NBD India branches merger with RBL Bank
RBI has approved the amalgamation of Emirates NBD Bank's Indian branches with RBL Bank, effective December 1, 2026. This follows Emirates NBD's acquisition of a 60% stake in RBL Bank through a Rs 26,000 crore capital infusion.
Source: www.business-standard.com
17 Oct
YES Bank Q2 PAT rises 65% to Rs 1,080 crore; AT-1 ruling could flip it to Rs 5,217 crore loss
YES Bank reported a 65% year-on-year rise in standalone net profit to Rs 1,080 crore for the September quarter, helped by higher interest income and lower provisions. However, it has not recognised the impact of the Supreme Court judgment on Rs 8,415 crore of AT-1 bond write-downs; on a proforma basis this would turn the quarter into a Rs 5,217 crore loss.
Source: The Financial Express
SEBI
6 stories7 Oct
SEBI launches Credit Risk-o-Meter for debt securities, eases debt-raising norms
SEBI has introduced a colour-coded Credit Risk-o-Meter for listed and proposed debt securities to help investors gauge credit risk. It also relaxed private placement debt norms by raising the maximum number of ISINs maturing in a financial year.
Source: www.business-standard.com
9 Oct
SEBI Weighs Dual Licences for Mutual Fund Distributors and Advisers
SEBI is reviewing whether individual mutual fund distributors (MFDs) should be allowed to hold a registered investment advisor (RIA) licence, based on recommendations from a working group set up earlier this year. The proposal aims to address the overlap between fund distribution and investment advice but raises concerns about conflicts of interest and compliance costs.
Source: Mint
10 Oct
SEBI To Issue CAS Guidelines Soon, Expand Interoperability, Introduce Tiered AI Framework
SEBI Chairman Tuhin Kanta Pandey announced that guidelines on the Closing Auction Session will be issued within about a week, that tender offers, buybacks and offers for sale will be brought into the clearing corporations' interoperability framework by end-November 2026, and that a tiered AI and machine learning framework with accountability and kill-switch provisions is coming soon.
Source: www.ndtvprofit.com
13 Oct
SEBI extends IPO fresh issue size relaxation to March 31, 2027
SEBI has extended the relaxation permitting IPO issuers to revise the fresh issue portion of their issues by up to 50% until March 31, 2027, without filing fresh draft documents. The relaxation, earlier available until September 30, 2026, follows market volatility due to the West Asia conflict.
Source: The Financial Express
13 Oct
SEBI notifies Portfolio Managers Regulations, 2026
SEBI has notified the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026, with effect from April 1, 2027.
Source: SEBI
16 Oct
SEBI circular notified on closing auction, market timings and derivatives settlement
SEBI has issued a circular titled 'Review of certain aspects of the Closing Auction Session, market timings and settlement methodology for derivatives contracts' dated 15 October 2026. The source text contains only the title and circular number, so the precise changes and effective dates are not available.
Source: SEBI
Important Notification
3 stories1 Oct
Mini George Assigned Additional Charge as CMD of AICIL
The Ministry of Finance has assigned the additional charge of Chairman-cum-Managing Director (CMD) of Agriculture Insurance Company of India Limited (AICIL) to Ms. Mini George. AICIL is the leading public sector agriculture and crop insurer in India. Leadership appointments to key public sector financial institutions are significant for regulatory and banking exams.
Source: Ministry of Finance
6 Oct
UPI to charge 0.4% MDR on specified merchant payments above ₹2,000 from 15 Oct 2026
From 15 October 2026, UPI will apply a 0.4% Merchant Discount Rate on specified person-to-merchant transactions above ₹2,000, while consumers and person-to-person payments remain free of MDR. The charge is merchant-side and shared among banks, payment service providers and UPI app providers.
Source: Mint
17 Oct
Anand Gopal Mahindra re-appointed as part-time non-official director on RBI Central Board
Shri Anand Gopal Mahindra has been re-appointed as a part-time, Non-official Director on the Central Board of the Reserve Bank of India.
Source: Ministry of Finance
Other
3 stories13 Oct
FSB Chair highlights AI and stablecoin risks in letter to G20
FSB Chair Andrew Bailey has written to G20 Finance Ministers and Central Bank Governors, highlighting risks from AI and stablecoins and introducing reports on regulatory modernisation and public sector backstop funding.
Source: FSB
14 Oct
NABARD fully subscribes to NSDC's ZCZP issuance on Social Stock Exchange
NABARD has fully subscribed to the Zero Coupon Zero Principal (ZCZP) issuance by NSDC on the Social Stock Exchange. This marks a significant step in supporting social sector financing.
Source: The Hindu BusinessLine
16 Oct
FSB releases overview of responses on AI sound practices for financial institutions
The FSB has published a summary of the around 160 responses received on its June 2026 consultation on sound practices for responsible AI adoption by financial institutions. The note also outlines the main changes made to the final report.
Source: FSB
IRDAI
1 story17 Oct
Mini George given additional charge as CMD, AICIL
Ms. Mini George has been assigned the additional charge of Chairman-cum-Managing Director (CMD) of Agriculture Insurance Company of India Limited (AICIL).
Source: Ministry of Finance