Decoding India’s Regulatory Landscape

This episode covers regulatory updates in ECB, Foreign Exchange Management, OECD, External Commercial Borrowing, Artificial Intelligence.

We begin with the Reserve Bank of India's recent amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2026, focusing on enhanced reporting frameworks for External Commercial Borrowings to improve transparency and compliance.

Next, learn about the RBI's mandate for Unique Transaction Identifiers (UTIs) in over-the-counter derivative transactions, strengthening market surveillance and regulatory oversight starting January 2027.

Finally, hear about the OECD's contributions at the India AI Impact Summit, including their Due Diligence Guidance on Responsible Artificial Intelligence and updates on the Hiroshima AI Process Code of Conduct reporting framework.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)
2. Unique Transaction Identifier for OTC Derivative Transactions
3. Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026
4. The OECD at the India AI Impact Summit

Welcome to Carver's India Regulatory Updates.

This episode highlights SEBI’s launch of a Young Professional Program aimed at injecting fresh expertise into capital market regulation. It also covers the Reserve Bank of India’s new directions easing collateral requirements for MSME lending, designed to improve credit access for small businesses.

On the international front, India and Nepal are poised to sign a mutual legal assistance pact to boost cross-border criminal justice cooperation. Meanwhile, India and Malaysia have renewed their commitment to deepen defense, trade, and energy collaboration through eleven new agreements.

The podcast also discusses ASEAN and India’s adoption of a new Plan of Action for 2026-2030, focusing on political-security, economic, and socio-cultural cooperation to strengthen regional partnerships.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Master Circular for Issue of Capital and Disclosure Requirements
2. Policy Environment and Regulatory Reforms for Private and Foreign Investment in Developing Countries: A Case of the Indian Power Sector
3. Lending to Micro, Small & Medium Enterprises (MSME) Sector (Amendment) Directions, 2026
4. Nepal-India mutual legal assistance pact ready for signing
5. In the hands of innovators from the Global South, AI can transform lives
6. Edge AI in action: Accelerating development across the Global South
7. ASEAN and India reinforce Comprehensive Strategic Partnership priorities - 13.02.2026
8. Seafood Expo Bharat (SEB 2026)
9. India: Retail inflation at 2.75% in January; what's new in CPI series
10. Prioritizing Early Education Is Key to Long-Term Growth
11. Prioritizing Early Education Is Key to Long-Term Growth
12. Prioritizing Early Education Is Key to Long-Term Growth
13. ADB approves $182 million loan to scale up flood and erosion management along Brahmaputra in Assam[, India]
14. Prioritizing Early Education Is Key to Long-Term Growth
15. India, Malaysia agree to bolster defense, trade, energy cooperation
16. India, Malaysia renew pledges to boost trade, collaboration
17. Foreign Direct Investment in South Asia: Policy, Trends, Impact and Determinants
18. World Entrepreneurs and Investment Forum puts women at the heart of economic transformation
19. Master Circular for Investment Advisers
20. Master Circular for Registrars to an Issue and Share Transfer Agents

Welcome to Carver's India Regulatory Updates.

The Reserve Bank of India has imposed a monetary penalty on Jilla Sahkari Bank Limited, Kanpur, for non-compliance with periodic risk categorisation reviews under KYC guidelines, emphasizing RBI's focus on compliance and risk management.

The Global Climate Fund has approved US$215.6 million to support SIDBI's Financing Mitigation and Adaptation Projects, alongside the launch of a ₹10,000 crore SME Growth Fund and a ₹2,000 crore Self-Reliant India Fund infusion. Additionally, Central Public Sector Enterprises will now channel all MSME payments through TReDS to enhance payment efficiency.

SIDBI continues to bolster MSME development by inaugurating a Mumbai office, partnering with Jammu & Kashmir’s Finance Department for cluster infrastructure development, launching the Development of Industry Associations program, and collaborating with the Trade Development Board.

The MSME sector shows encouraging trends with a 13% year-on-year commercial credit portfolio growth and a five-year low delinquency rate, reflecting improved credit health.

On the government securities front, RBI has announced upcoming auction details, including bidding and settlement procedures.

For more information, visit the Carver Agents website.

Articles mentioned:

1. RBI imposes monetary penalty on Jilla Sahkari Bank Limited, Kanpur, Uttar Pradesh
2. GCF approves US$ 215.6 million for SIDBI’s Financing Mitigation and Adaptation Projects in Indian MSMEs
3. Money Market Operations as on February 02, 2026
4. Startup Meet at Noida
5. CGTMSE’s Silver Jubilee Celebration – Felicitation of Member Lending Institutions
6. SIDBI Launches Development of Industry Associations to strengthen MSMEs
7. SIDBI and Finance Department UT of J&K Agreement for MSME Cluster Development
8. India’s MSME Commercial Credit Portfolio Grew 13% YoY with Delinquency Rate at Five-Year Low
9. SIDBI – Inauguration of Mumbai Regional and Branch office
10. Auction of Government of India Dated Securities
11. SIDBI joins hands with Trade Development Board to support MSMEs
12. Shri Manoj Mittal takes charge as Chairman and Managing Director of SIDBI
13. Global Alliance of Mass Entrepreneurship and SIDBI complete NBFC Growth Accelerator Programme cohort
14. Greening Ayodhya through EV Access and GI Tag Laddus
15. All Agency Banks to remain open for public on March 31, 2026
16. State Government Securities - Full Auction Result
17. Digital India Awareness Workshop on India AI Impact Summit 2026 and Initiatives in Daman & Diu
18. DI Talk Show on India AI Impact Summit 2026 and Digital India Initiatives in Nagaland
19. Money Market Operations as on January 30, 2026
20. Swachhata Pakhwada 2026 (Feb 1 - 15, 2026)

Welcome to Carver's India Regulatory Updates.

The Reserve Bank of India has imposed a monetary penalty on Jilla Sahkari Bank Limited, Kanpur, for non-compliance with mandatory KYC risk review guidelines, reinforcing regulatory vigilance in banking compliance.

Monetary policy operations include the RBI's recent 90-day Variable Rate Repo auction under the Liquidity Adjustment Facility with a ₹200,000 crore notified amount and the announcement of an Open Market Operation purchase auction for ₹50,000 crore in government securities to support liquidity and market stability.

The RBI also detailed underwriting auction plans for government securities worth ₹32,000 crore and scheduled auctions for Treasury Bills and State Government Securities aimed at facilitating efficient government borrowing.

Regulatory oversight continues with an extension of the directive period for Lokapavani Mahila Sahakari Bank Niyamitha, Mandya, by three months, maintaining all existing regulatory conditions.

In the MSME sector, the Green Climate Fund approved US$215.6 million to support SIDBI’s Financing Mitigation and Adaptation Projects, complemented by a ₹10,000 crore SME Growth Fund and ₹2,000 crore Self-Reliant India Fund allocations. Additionally, government mandates on payment routing to MSMEs by Central Public Sector Enterprises highlight ongoing support to strengthen the sector.

For more information, visit the Carver Agents website.

Articles mentioned:

1. RBI imposes monetary penalty on Jilla Sahkari Bank Limited, Kanpur, Uttar Pradesh
2. GCF approves US$ 215.6 million for SIDBI’s- Financing Mitigation and Adaptation Projects (FMAP) in Indian MSMEs
3. Money Market Operations as on February 02, 2026
4. Startup Meet at Noida
5. CGTMSE’s Silver Jubilee Celebration – Felicitation of Member Lending Institutions
6. SIDBI Launches Development of Industry Associations (DIA) to strengthen MSMEs
7. SIDBI and Finance Department UT of J&K entered into Agreement for availing of SIDBI Cluster Development Fund to accelerate MSME Cluster infrastructure development in UT
8. India’s MSME Commercial Credit Portfolio Grew 13% YoY with Overall Delinquency Rate Falling to Five-Year Low
9. SIDBI – Inauguration of Mumbai Regional and Branch office
10. RBI to conduct Second 90-day Variable Rate Repo (VRR) auction under LAF
11. Underwriting Auction for sale of Government Security for ₹32,000 crore on January 30, 2026
12. Auction of Government of India Dated Securities
13. SIDBI joins hands with TDB to support MSMEs
14. Shri Manoj Mittal takes charge as Chairman and Managing Director of SIDBI
15. Global Alliance of Mass Entrepreneurship and Small Industries Development Bank of India successfully complete first NBFC Growth Accelerator Programme cohort
16. Greening Ayodhya through EV Access Sweetening Ayodhya through GI Tag Laddus
17. Auction of 91-Day, 182-Day and 364-Day Treasury Bills
18. RBI announces OMO Purchase of Government of India Securities
19. Auction of State Government Securities
20. Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Lokapavani Mahila Sahakari Bank Niyamitha, Mandya - Extension of Period