Navigating India’s Evolving Financial Regulatory Landscape: Key FEMA and RBI Updates – January 2024
In the dynamic world of Indian financial regulation, staying updated on RBI directives and FEMA provisions is crucial for businesses, investors, and financial professionals alike. The January 2024 edition of Quarterly Insights by CNK & Associates LLP offers a comprehensive summary of the latest regulatory updates from the Reserve Bank of India (RBI) and developments under the Foreign Exchange Management Act (FEMA), highlighting reforms that aim to enhance transparency, streamline investment norms, and support India’s growing global financial footprint.
Key highlights include:
- Sovereign Green Bonds added to the Fully Accessible Route for non-resident investments.
- Operational flexibility for exporters through INR-based trade settlement accounts.
- New RBI Master Directions for classification and valuation of investment portfolios effective April 2024.
- Revised NBFC scale-based regulation framework, introducing a four-layer classification based on risk and asset size.
- Stricter norms on corporate governance in banks, requiring the appointment of Whole-Time Directors (WTDs).
- Updated disclosure norms under SARFAESI and Financial Statements Presentation guidelines to boost transparency.
These updates are not only shaping compliance norms but also reinforcing India’s position in the global economic framework. Whether you’re a banker, CFO, compliance officer, or policy advisor, this digest delivers actionable insights for aligning with evolving RBI and FEMA requirements.
