MUMBAI, India, May 18 -- Reserve Bank of India issued the following notification:

RBI/2026-27/83

DOR.MRG.REC.No.71/00-00-001/2026-27

May 18, 2026

Reserve Bank of India (Commercial Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026

Please refer to paragraph 105 of Reserve Bank of India (Commercial Banks - Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025, dated November 28, 2025, on Investment Fluctuation Reserve (IFR). In view of the developments in the prudential frameworks governing market risk and investments for commercial banks, there is a need to amend the extant instructions.

2. Accordingly, in exercise of the powers conferred by Section ...