RBI Proposes ₹1 Lakh Crore Asset Threshold for NBFC Upper Layer, Tata Sons at ₹1.75 Lakh Crore

Maharashtra Proposes DELTA Act for Land Tokenisation; Asset Base Estimated at ₹50 Lakh Crore

Maharashtra is set to become India's first 'tokenised State' by proposing the DELTA Act, which creates a legal framework to convert land ownership into blockchain-based digital tokens. This could unlock an estimated ₹50 lakh crore in state land value and set a template for national adoption of Real World Asset (RWA) tokenisation across gold, bonds, and carbon credits.

RBI Tags Tata Sons as Upper Layer NBFC: Deregistration Decision to Determine IPO Future

RBI has included Tata Sons in the Upper Layer NBFC list, triggering a mandatory listing requirement, but its pending deregistration as a Core Investment Company could exempt it. The RBI's decision on deregistration will decide whether Tata Sons must launch an IPO, reshaping the governance and capital structure of India's largest holding company.

RBI Directs Tata Sons to List via IPO Under NBFC-Upper Layer Norms

The RBI has rejected Tata Sons' application to remain an unregistered Core Investment Company, mandating it to go public as an NBFC-Upper Layer. This forces a listing on stock exchanges, unlocking value for minority shareholders including the Shapoorji Pallonji group holding 18.3% stake.

RBI to Launch Polymer Banknotes of ₹10 and ₹20 from FY28, Trial of 100 Crore Pieces Each

The RBI will introduce polymer (plastic) banknotes of ₹10 and ₹20 denominations from the start of FY28 to enhance durability and expand currency capacity. A trial of 100 crore pieces of each denomination (total ₹3,000 crore) will be conducted, with field tests for Indian climate conditions before full-scale circulation.

RBI Proactively Assists UCBs: On-tap Licensing, Gold Loan Limits Raised, Deposits ₹6 Lakh Crore

Union Cooperation Minister Amit Shah endorsed RBI's proactive support for urban cooperative banks, including on-tap licensing and raised gold loan limits. This signals a new era of cooperation between UCBs and the central bank, crucial for the sector's growth and financial inclusion.

Govt Proposes Gold Monetisation via Jewellers: 20,000 Tonne Idle Gold, Demat Deposits, Interest Income

The government is planning a new gold monetisation scheme where jewellers, not banks, will collect physical gold deposits from households, issue demat receipts, and pay interest. This aims to unlock over 20,000 tonnes of idle gold, improve India's trade balance, and reduce import dependence — a key reform for economic stability and current account management.

RBI to Launch Polymer Banknotes of Rs 10 and Rs 20 from FY28: 100 Crore Pieces Each

The RBI plans to introduce polymer banknotes in Rs 10 and Rs 20 denominations from FY28 to enhance durability and expand capacity. This move has significant environmental benefits and security advantages, but raises concerns about import dependency. Students should note the global adoption, cost-benefit analysis, and legal tender definitions.

RBI Proposes Restricting NBFC Revolving Credit; KCC with 7.72 Cr Cards, ₹10.2 Lakh Cr Outstanding Exempted

RBI proposes to restrict NBFCs from offering revolving credit by defining 'term loan' for the first time. Kisan Credit Card (KCC) and similar agricultural credit lines remain exempt. The move aims to curb rising household indebtedness and unsecured retail credit risks. Key data: 7.72 crore KCC cards with ₹10.2 lakh crore outstanding.