The Regulatory Pulse with Dr. Bimlesh Sharma – Weekly Compliance Roundup
Published on 15 September 2026 Reserve Bank of India (RBI) Draft KYC Amendment Directions, 2026 (Money Mule Accounts SOP) Update: RBI released draft directions proposing a standardized Standard Operating Procedure (SOP) for commercial and cooperative banks to address cyber-fraud and money mule accounts. The Bottom line: Under the proposed framework, banks can place a temporary […]
The Regulatory Pulse with Dr. Bimlesh Sharma – Weekly Compliance Roundup
Published on 29 August 2026 Reserve Bank of India (RBI) a. Cross-Border INR Settlement via SRVA (FEMA Governance) RBI rationalized instructions permitting Authorised Dealer (AD) banks to open Special Rupee Vostro Accounts (SRVAs) for foreign branches or non-resident banks. All permissible current and capital account transactions under FEMA can now be settled directly in INR […]