Finance
DoggfatherRBI's New Rules Got Banks Reporting Offshore ₹-Fx Deals
Yo, listen up! The RBI just dropped some draft rules for AD Cat-I banks, makin' 'em report those overseas ₹-Fx deals by March 9, 2026. They gotta keep it real with related parties, like parents and siblings, but not those far-off cousins. So, banks better step up their game and flex those reporting skills, ya feel me?
few days ago | Anjali Kumari
Quick rundown
1.RBI issues draft directions for AD Cat-I banks.
2.Banks must report rupee derivatives globally.
3.Phased implementation for reporting thresholds.
4.Excludes exchange-traded derivatives and small contracts.
5.Comments on draft invited until March 9, 2026.
