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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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5
May
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Invitation – Best Annual Report Awards
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RBI
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4
May
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RBI/2026-27/39
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Concentration Risk
Management) – Amendment Directions, 2026
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4
May
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RBI/2026-27/42
(Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011)
Taliban Sanctions List: Amendment of 17 Entries
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4
May
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RBI/2026-27/40
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Credit Facilities) –
Amendment Directions, 2026
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4
May
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RBI/2026-27/41
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Financial
Statements: Presentation and Disclosures) – Second Amendment
Directions, 2026
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4
May
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RBI/2026-27/43
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Registration,
Exemptions and Framework for Scale Based Regulation) Amendment
Directions, 2026
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4
May
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RBI/2026-27/44
(Delhi)
Reserve Bank of India (Commercial Banks – Resolution of Stressed Assets)
Second Amendment Directions, 2026
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4
May
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RBI/2026-27/45
(Delhi)
Reserve Bank of India (Commercial Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
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1
May
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RBI/2026-27/21
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
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1
May
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RBI/2026-27/29
(Delhi)
Reserve Bank of India (Commercial Banks – Credit Cards and Debit Cards:
Issuance and Conduct) - Amendment Directions, 2026
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1
May
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RBI/2026-27/30
(Delhi)
Reserve Bank of India (Commercial Banks – Asset Liability Management) -
Amendment Directions, 2026
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1
May
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RBI/2026-27/31
(Delhi)
Reserve Bank of India (Non-Operative Financial Holding Companies)-
Amendment Directions, 2026
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1
May
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RBI/2026-27/32
(Delhi)
Reserve Bank of India (Urban Cooperative Banks – Resolution of Stressed
Assets)- Amendment Directions, 2026
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1
May
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RBI/2026-27/34
(Delhi)
Reserve Bank of India (Commercial Banks – Classification, Valuation, and
Operation of Investment Portfolio)- Amendment Directions, 2026
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1
May
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RBI/2026-27/35
(Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements: Presentation
and Disclosures)- Seventh Amendment Directions, 2026
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1
May
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RBI/2026-27/22
(Delhi)
Reserve Bank of India (Commercial Banks – Undertaking of Financial Services)
– Second Amendment Directions, 2026
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1
May
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RBI/2026-27/24
(Delhi)
Reserve Bank of India (Commercial Banks - Transfer and Distribution of Credit
Risk) Amendment Directions, 2026
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1
May
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RBI/2026-27/25
(Delhi)
Reserve Bank of India (Commercial Banks – Credit Facilities) Second
Amendment Directions, 2026
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1
May
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RBI/2026-27/26
(Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) - Second
Amendment Directions, 2026
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1
May
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RBI/2026-27/27
(Delhi)
Reserve Bank of India (Commercial Banks - Concentration Risk Management) -
Second Amendment Directions, 2026
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1
May
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RBI/2026-27/28
(Delhi)
Reserve Bank of India (Commercial Banks – Treatment of Wilful Defaulters and
Large Defaulters) - Amendment Directions, 2026
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1
May
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RBI/2026-27/33
(Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital
Adequacy) Fourth Amendment Directions, 2026
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1
May
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RBI/2026-27/36
(Delhi)
Reserve Bank of India (Commercial Banks – Income Recognition, Asset
Classification and Provisioning) Repeal Directions, 2026
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1
May
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RBI/2026-27/37
(Delhi)
Master Direction - Reserve Bank of India (Access Criteria for NDS-OM)
Directions, 2025
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1
May
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RBI/2026-27/38
(Delhi)
Reporting instructions for Authorised Dealer Category-I Banks
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INDIAN ECONOMY
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The government and RBI could consider lowering the inflation target and narrowing the tolerance band if growth remains robust and prices remains stable over the next five years, RBI deputy governor Poonam Gupta has said even as she defended the 4% inflation targeting framework with the plus or minus 2% leeway...
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The Indian economy could expand about 7% this fiscal year if the Iran war ends soon but growth could slip to 6.5% if the conflict continues, prolonging disruptions in global supply chains, Rajiv Memani, president, Confederation of Indian Industry (CII) said Tuesday. Economic growth is estimated at 7.6% in FY2...
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The finance ministry in a statement on Tuesday said robust credit growth demonstrates the resilient domestic economic environment and envisages enhanced appetite for credit across sectors of the Indian economy.
Non-food credit growth in FY26 stood at 15.9% against 10.9% in the corresponding period last yea...
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India’s economy is beginning to feel the tremors of the West Asia conflict, as rising oil prices, disrupted trade routes and volatile capital flows ripple through global markets. Yet, the Finance Ministry’s latest monthly economic review notes that the economy remains “resilient, though shaken”, pointing to s...
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The ongoing West Asia conflict has highlighted India's structural vulnerability to energy shocks, reinforcing the need to reduce dependence on imported crude and accelerate efforts to strengthen energy security, according to an external member of the RBI's rate-setting panel.
Nagesh Kumar, who is the direc...
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India's services sector growth picked up in April after falling to a 14-month low in March, driven by strong demand at home that offset slowing global orders, but optimism about the year ahead fell on Middle East uncertainties, a survey showed on Wednesday.
...
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India’s economy is beginning to feel the tremors of the West Asia conflict, as rising oil prices, disrupted trade routes and volatile capital flows ripple through global markets. Yet, the Finance Ministry’s latest monthly economic review notes that the economy remains “resilient, though shaken”, pointing to s...
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A component that makes up less than 1% of production costs could end up derailing entire factories if policy missteps persist, a new report has warned, flagging risks to India’s “Make in India” ambitions.
A report by the Global Trade Research Initiative (GTRI) warns that Quality Control Orders (QCOs) on fa...
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India could consider fine-tuning its inflation targeting framework in future reviews by lowering the inflation target and narrowing the tolerance band if the favourable growth-inflation dynamics of the past decade persist, Reserve Bank of India deputy governor Poonam Gupta said on Tuesday.
The remarks come...
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MARKET & FINANCE
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ndian government bonds rose on Wednesday as a decline in crude prices on expectations of a U.S.-Iran peace deal lifted investor sentiment and eased domestic inflation concerns.
The benchmark 6.48% 2035 bond yield was at 6.9821% as of 10:30 a.m. IST, after closing at 7.0184% on Tuesday. Bond yields move ?in...
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United States is about to see a fresh surge of money coming in from India, and this time, the numbers are hard to miss. US Ambassador to India Sergio Gor said Indian companies are planning to invest more than $20.5 billion across key sectors, calling it a sign of deepening economic ties under President Donald...
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The primary market buzz has cooled down significantly, but how are the recently listed companies faring? At the very first glance, India’s primary market projects strength, with the majority of its initial public offerings (IPOs) delivering positive listing-day returns. Alas, a closer look at post-listing per...
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GLOBAL CORPORATE
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?New government regulations in the U.S. and Europe are ?helping to push customers to buy rare earth products from suppliers outside China, the ?chief executive of Australia's Lynas ?Rare Earths said on Wednesday.
China is the world's largest and lowest-cost producer ?of the ?metals and magnets used in indu...
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Daimler Truck's first-quarter operating ?profit ?more than halved owing ?to historically weak demand and import tariffs in a ?North American market where volumes fell to a 16-year low, the company ?said on Wednesday.
Adjusted operating profit ?fell to 498 million euros ($584 million) from 1.08 billion euro...
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BMW maintained its 2026 ?financial ?guidance on Wednesday and signalled it ?could weather U.S. tariffs and Chinese competition, sending shares up nearly 5% despite ?first-quarter pretax profit tumbling 25%.
The German premium carmaker beat key profit expectations for the quarter even as a narrowing ?core m...
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Diageo beat ?third-quarter ?sales forecasts on Wednesday, despite ?further weakness in North America that new CEO Dave Lewis said would ?be his biggest challenge to reviving growth at the world's top spirits maker.
The Johnnie Walker whisky maker posted 0.3% ?organic growth in net sales, ?confounding forec...
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RBI
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The Reserve Bank of India (RBI) on Tuesday issued a draft circular to provide clarity on prudential treatment of specified non-financial assets (SNFA) acquired as collaterals in the case of defaults.
The RBI define these assets as an immovable asset acquired by regulated entity in satisfaction or part sati...
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Banking
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Several banks have reported a further decline in the liquidity coverage ratio (LCR) in the fourth quarter of FY26 amid slowing deposit growth, banks’ earnings disclosures showed. For instance, HDFC Bank has cut down LCR to 114% in the March quarter from 116%, Federal Bank has decreased it to 119.9% from 123.9...
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GLOBAL ECONOMY
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South Korea's consumer prices rose in ?April ?at the steepest pace in nearly two ?years on a surge in oil prices triggered by the Middle East conflict, raising the ?likelihood of interest rate hikes in the year's second half to cu...
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Global ratings agency Fitch ?on ?Tuesday upgraded Argentina's long-term ?foreign currency and local currency issuer default rating ?to "B-" from "CCC+", with a stable outlook.
• Fitch cited "improved fiscal and external balance...
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Ireland's services ?sector ?contracted for the ?first time in over five years ?in April as inflationary pressure caused by the Middle ?East conflict intensified and ?new business orders contracted, a survey ?showed ?on Wednesday. ...
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China's services activity expanded at ?a faster pace in April, helped by stronger growth in ?new business, although overseas demand continued to decline, a private-sector survey showed on Wednesday.
The ?RatingDog China General...
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Russia's services ?sector ?contracted for a ?second straight month in April as ?weak client demand led to declines in output and ?new sales, while business ?confidence plumbed a 40-month low, a survey ?showed ?on Wednesday.
The...
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Spain's services sector contracted ?in ?April for the first ?time since August 2023 as uncertainty linked to the U.S.-Israeli ?war with Iran hampered demand and confidence, a business survey showed on Wednesday.
The ?Spain Serv...
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Cost pressures in ?Italy's ?service sector hit their ?highest level in more than three years in ?April, driven by the conflict in the Middle East, a survey showed ?on Wednesday.
The measure of input ?cost inflation in the Itali...
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France's services sector ?contracted ?in April, as demand ?weakened amid economic and political uncertainty linked ?to the Iran war, a monthly survey by S&P Global showed ?on Wednesday.
The S&P Global France ?Services final PMI...
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Germany's service sector contracted at ?its ?steepest rate in more than ?three years in April as demand evaporated due to rising inflationary ?pressures and uncertainty linked to the Iran war, a survey showed on Wednesday.
The ...
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Euro zone services activity contracted in ?April ?for the first time in ?almost a year, hit by weakening demand and deteriorating export business as ?the Middle East war weighed on consumer-facing sectors, a survey showed on Wedne...
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The Asian Development Bank on Wednesday warned Asian economies against implementing broad fuel subsidies and cutting excise duties, noting that such measures could strain public finances. It cautioned that with crude oil prices li...
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The US trade deficit grew slightly less than expected in March, government data showed Tuesday, as spending linked to the artificial intelligence buildout boosted imports.
But US exports of crude oil and petroleum products also...
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INDIAN CORPORATE
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The Jammu and Kashmir Bank on Tuesday stated that it has posted its highest-ever annual profit of Rs 2,363.47 crore for 2025-26, recording a year on year growth of over 13% compared to Rs 2,082.46 crore in the previous financial y...
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Reliance Industries is considering a big-bang entry into the satellite communications space, involving a potential investment of billions of dollars, pitting the Mukesh Ambani-run conglomerate against Elon Musk-owned Starlink, Ama...
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Punjab National Bank (PNB), reported net profit at Rs 5,225.11 crore in Q4FY26, up 14.41% year-on-year(YoY) from Rs 4,567.00 crore reported in Q4FY25.
However, the bank’s total income fell to Rs 36,319 crore during the quarter ...
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Aditya Birla Group chairman Kumar Mangalam Birla has taken over as the non-executive chairman of Vodafone Idea with effect from May 5, the telco said in a disclosure to the exchanges.
The appointment follows Ravinder Takkar’s d...
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Top listed developers such as Godrej Properties and Lodha Developers stepped up business development sharply in FY26, even as housing sales showed signs of slowing.
In real estate, “business development” spans land acquisitions...
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Mahindra & Mahindra Ltd. reported a strong March quarter performance, with consolidated net profit rising 42 per cent year-on-year to Rs 4,668 crore, driven by robust demand for sport-utility vehicles (SUVs), tractors and services...
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The debate over whether Tata Sons should remain privately held or move towards a public listing has sharpened after a regulatory clarification. The implications of the new framework go beyond one company, touching governance norms...
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Engineering major Larsen & Toubro on Tuesday posted a net profit of Rs 5,326 crore for the March quarter, down 3% year-on-year, missing Street estimates. Excluding exceptional items, however, net profits for the quarter were up 5%...
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Business conglomerate Larsen & Toubro’s minerals and metals vertical has secured its largest-ever domestic order in the metals sector. The order valued between Rs 10,000 to Rs 15,000 crore has been awarded to L&T by JSW Steel.
...
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COMMERCIAL LAW
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The government will now clear all FDI proposals within 12 weeks as per the updated standard operating procedure (SOP) for processing foreign direct investment applications.
According to the SOP, up to 12 weeks' time has been fi...
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India has identified rare earth magnets and printed circuit boards among 40 sub-sectors for expedited clearance within 60 days of foreign direct investment (FDI) proposals from China and other countries sharing land borders with t...
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The government has expedited the process for approving foreign direct investment (FDI) proposals requiring prior approval. It also provided a special carve-out for investors from countries sharing land borders with India, such as ...
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India needs to boost FDI to $500 billion in three years through faster clearances and coordination, alongside targeted tax incentives and better dispute resolution to strengthen investor confidence and stability, Confederation of ...
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IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .
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