Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
RBI allowed access to Unified Payments Interface to foreign nationals and NRIs visiting India
Foreign Investment in India – Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal
RBI has rationalised reporting in SMF wherein forms will be auto-acknowledged
Multiple NBFCs in a Group: Classification in Middle Layer
RBI prescribes criteria to determine the threshold for their classification in the middle layer
Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA)
RBI issued circular vide which uniformity in LSF was bought across functions i.e. FDI, ODI and ECB
Foreign Exchange Management (Overseas Investment) Directions, 2022
RBI issued new ODI directions which superseded the erstwile – Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad
External Commercial Borrowings (ECB) Policy – Liberalisation Measures
RBI issued circular liberalising ECB norms
Regulation of Payment Aggregators – Timeline for submission of applications for authorisation – Review
RBI opened another window to re-consider the application seeking authorisation which were returned
Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
RBI issued circular wherein prior approval will be required in case of takeover/ acquisition of control of non-bank PSOs and sale/ transfer of payment system activity of non-bank PSO
Large Exposures Framework for Non-Banking Financial Company – Upper Layer (NBFC-UL)
RBI issued large exposures framework for NBFC-UL
Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies – Upper Layer (NBFC-UL)
RBI provided capital requirement for NBFCs in upper layer