RBI amends financial-statement disclosures for Local Area Banks
→Local Area Banks must update reserve notes and NPI provision disclosures
India
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RBI deletes capital-adequacy clause for commercial banks
→Commercial banks must remove clause 21(i)(b) from capital-adequacy controls
RBI discontinues Investment Fluctuation Reserve for commercial banks
→Commercial banks must transfer existing IFR balances below the line
RBI amends financial-statement disclosures for commercial banks
→Commercial banks must update reserve notes and NPI provision disclosures
IBBI sets July-December panel rules for Insolvency Professionals
→Insolvency Professionals must file consent by June 19 for panel inclusion
India’s DGFT restricts imports of specified semi-manufactured silver bars
→Silver-bar importers must clear covered shipments under restricted-policy conditions
SEBI sets timeline and disclosures for InvIT SPVs after concession agreements end
→InvIT Investment Managers must exit or reuse post-concession SPVs within SEBI’s one-year timeline and disclose SPV-level exposure until exit
SEBI clarifies PAN application fields for FPI onboarding
→FPI onboarding teams can use authorised-signatory and fallback details for PAN forms
RBI cancels registration of 150 NBFCs
→NBFC reference-data teams must remove 150 cancelled registrations
TRAI amends digital-connectivity rating rules for properties
→Property digital-connectivity ratings must use TRAI’s amended assessment framework
DGFT tightens gold Advance Authorisation controls for gems and jewellery
→Gold AA applicants face a 100 kg cap, inspection and export-obligation checks
Reserve Bank of India removes prior approval for non-bank outward-remittance tie-ups
→AD banks must own FEMA, KYC and settlement controls for remittance tie-ups