RBI expands customer-liability framework for fraudulent electronic banking transactions effective 1 January 2027
Banks must expand fraud-liability coverage, shorten complaint timelines and run a small-value compensation mechanism from 1 January 2027
Fintech & Payments
45 briefs
Reserve Bank of India inserts Chapter IIA on Credit Facilities Linked to Specific Payment Instruments
Small finance banks must set prudential treatment of payment-instrument-linked credit facilities by the underlying facility, not the payment instrument
Reserve Bank of India binds payment-instrument-linked credit facilities to prudential norms
Commercial banks must apply existing prudential norms to any credit facility linked to a specific payment instrument and include its terms in the bank's credit policy
RBI issues TReDS Directions, 2026
TReDS operators must apply the new Directions immediately: capital requirements are revised and MSME-seller due-diligence is removed
RBI issues KCC Scheme Directions for Regional Rural Banks effective 1 Jan 2027
Regional Rural Banks must apply the new six-year composite KCC framework — revised limits, collateral thresholds and digital channels — to KCC loans sanctioned from 1 January 2027.
Reserve Bank of India amends Urban Co-operative Banks' financial‑services directions, effective 01 Jan 2027
Urban Co-operative Banks must meet specified eligibility, prudential and compliance conditions (fee‑only, no risk participation, regulator compliance, board resolutions, grievance arrangements) before they are permitted to offer third‑party financial products or referral services after 01 Jan 2027
Reserve Bank of India issues Master Directions on Authorisation to operate a Payment System
Payment System Operators must comply immediately with a consolidated RBI Master Directions on authorisation that consolidates prior circulars and guidelines
Reserve Bank of India amends non‑debt instrument payment and reporting rules
Designated Authorised Dealer Category I banks must enforce the substituted payment/remittance routes for NRI/OCI investments and submit Form LEC (IFI) for IFI equity purchases/transfers to the Reserve Bank of India
HKMA issues revised statutory guideline on consumer credit data sharing
AIs' credit and compliance teams must align consumer credit data sharing and use with the revised HKMA IC-6 statutory guideline from 12 June 2026
SFC sets expected standards for VATPs and licensed corporations on Relevant Stablecoin services
VATPs and licensed corporations must adopt revised licensing conditions and update disclosures, client classification, and SFC-notification workflows before conducting Relevant Stablecoin activities
IFSCA sets May 31 fee deadline for existing ASP and TechFin entities
Existing IFSC ASPs and TechFin entities must remit FY2026–27 fees by May 31
MAS revokes Bsquared Technology payment licence over regulatory breaches
Singapore DPT providers must evidence risk controls and accurate MAS filings