RBI removes the limits clause for non-option derivative contracts applicable to commercial banks, with revised directions taking immediate effect
Reserve Bank of India (Commercial Banks - Miscellaneous) Second Amendment Directions, 2026
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Reserve Bank of India issued the Commercial Banks (Miscellaneous) (Second Amendment) Directions, 2026, removing Section C, “Limits for Non-Option Derivative Contracts,” of Chapter IV and paragraph 37 of the Commercial Banks (Miscellaneous) Directions, 2025. The revised directions took effect immediately upon publication.
The original text clearly specifies the deleted provisions and the immediate effective date, making it easier for commercial banks to verify the rules currently applicable to non-option derivative contracts.
Source:Reserve Bank of India — Notifications · rbi.org.in