The Reserve Bank of India had issued draft Directions on the ‘ Credit Valuation Adjustment (CVA) Framework’ on August 7, 2026, inviting feedback from stakeholders until August 28, 2026. 2. The draft Directions proposed modifications to the instructions on capital charge for CVA risk for commercial banks. Key revisions included: (i) allowing eligible banks to choose a simpler approach; (ii) increasing the sensitivity of supervisory risk weights for counterparties by sector and credit quality; (iii) clarifying the…
The Reserve Bank of India had issued draft Amendment Directions on the ‘ Standardised Approach for Counterparty Credit Risk (SA-CCR)’ on June 10, 2026, inviting feedback from stakeholders until July 1, 2026. The draft Amendment Directions proposed modifications to the instructions on capital charge for counterparty credit risk as provided in Master Direction on Forthcoming Instructions for commercial banks. Key revisions included: (i) clarifying the scope of CCR for both banking and trading book exposures, (ii)…
Raksha Rajya Mantri Shri Sanjay Seth will inaugurate the 12th National Maritime Search & Rescue Exercise (SAREX-2026) on 07 October 26, and witness SAR Demo off Paradip coast on 08 October 26 being organized by the Indian Coast Guard. A key highlight of this exercise is the international participation of 32 observers from 30 countries, underscoring the cooperative protocols, strategic importance, and global interoperability of the drill. SAREX-2026 will be one of the largest and most complex SAR exercises ever…
Earlier today, during the march of certain political parties towards the Election Commission, it was learnt through the media that some Members of Parliament wished to meet the Commission along with their delegation. With regard to today's developments, it is clarified that, till 4.00 PM today, no political party, through its representatives, had sought an appointment for a meeting with the Election Commission. Thereafter, at around 4.00 PM, information was received from Delhi Police that a delegation of MPs, led…
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved the setting up of a Special Purpose Vehicle (SPV), namely, Integrated Transport & Logistics Authority (ITLA) to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transportation and Logistics. The approval seeks to address the long-standing challenges arising from fragmented planning and implementation across multiple transport-related Ministries and agencies. By fostering greater…
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved the Government of India’s commitment of Rs.10,000 crore towards the establishment of the SME Growth Fund (SGF) aimed at catalysing growth-oriented capital for India's Small and Medium Enterprises (SMEs) and enabling the emergence of champion Indian enterprises across manufacturing, services, technology, innovation-driven sectors, and strategic value chains as per Para 28 of Union Budget 2026-27. This was in part of the holistic set of…