DAILY INDIA BRIEFING
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5 selected insights for NRIs
Banking
RBI’s extended directions on Sri Guru Raghavendra Sahakara Bank start 10 November
Customers of Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru
Read brief
What changed
RBI extends the bank-specific directions for six months from close of business on 10 November 2026 to close of business on 10 May 2027, subject to review. Other terms remain unchanged, and RBI says the extension does not itself imply satisfaction with the bank’s financial position.
For you
If you use this bank, read the underlying directions and confirm withdrawal, deposit, transfer and account-service availability directly with the bank or RBI. Do not generalise the extension to other banks or infer deposit safety, an FD rate or a new NRE/NRO rule.
Who it affects
Customers of Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru · bank-specific RBI directions
Also on your radar
Maharashtra SIR claims and objections remain open through 13 November
Maharashtra
Read brief
What changed
The Election Commission’s 29 October revised schedule extends Maharashtra’s claims-and-objections period through 13 November 2026, notice and disposal through 25 November, and schedules final-roll publication for 30 November. A scheduled publication date does not prove that publication has occurred or that any individual is included.
For you
Use the CEO Maharashtra or ECI voter-service route for the applicable form, retain the acknowledgement and respond to any ERO notice. Check the current roll after publication; do not use copied voter lists or share person-level records. OCI or other foreign citizenship does not confer Indian voting eligibility.
Who it affects
Maharashtra · SIR 2026 · eligible electors
Specified audit-linked AY 2026–27 returns remain due 21 November
AY 2026–27 returns for persons in the specified audit-linked category at Sl. No. 2 below Explanation 2 to section 139(1)
Read brief
What changed
Income Tax’s 29 September notice says CBDT Circular 07/2026, dated 28 September, moved the specified audit-linked ITR deadline from 31 October to 21 November 2026. The related audit-report deadline was 21 October and has passed. The extension does not cover every NRI, individual or non-audit return.
For you
Confirm that the return actually falls within the limited category before relying on 21 November. Check filing status and any audit report with the authorised filer or tax adviser; do not treat this deadline as a general extension or as a change to the tax calculator’s supported year.
Who it affects
AY 2026–27 returns for persons in the specified audit-linked category at Sl. No. 2 below Explanation 2 to section 139(1)
Delhi SIR claims and objections remain open through 25 November
Delhi
Read brief
What changed
A Delhi Gazette notification published on 30 October records the Election Commission’s 29 October decision extending Delhi’s SIR claims-and-objections period to 25 November 2026. Later reporting gives different downstream disposal and final-roll dates, but the controlling later instrument was not fully verified, so those dates are not promoted here.
For you
Use the CEO Delhi or ECI voter-service route for Form 6, 6A, 7 or 8 as applicable, keep the acknowledgement and monitor any ERO notice. Do not use copied voter lists or share person-level records. OCI or other foreign citizenship does not confer Indian voting eligibility.
Who it affects
Delhi · SIR 2026 · eligible electors
Digital securities-market KYC opens for eligible overseas individuals from 3 December
Eligible individual NRIs, OCIs and foreign nationals in FATF-compliant countries
Read brief
What changed
SEBI’s 4 November circular relaxes the India-location condition for digital onboarding of eligible individuals resident outside India and allows digital KYC submissions and portable KRA or CKYCRR records, subject to intermediary responsibility and safeguards. The circular takes effect on 3 December 2026.
For you
Before starting or refreshing an investment account, ask the SEBI-regulated intermediary whether its overseas digital-KYC route is ready and which passport, OCI, overseas-address, translation and video-verification evidence it accepts. This does not decide bank KYC, tax residence, product eligibility or account approval.
Who it affects
Eligible individual NRIs, OCIs and foreign nationals in FATF-compliant countries · SEBI-regulated onboarding and re-KYC
How these updates are selected
We prioritise upcoming actions, relevance to people living abroad, recent developments and a traceable source. This is an editorial selection, not a measured social-media popularity ranking. We use recent or ongoing items when useful same-day announcements cannot be verified. No paid placement or referral affects the order.
The edition date records an actual editorial update. The edition date is not the effective date of every development. A source check is not legal approval. Scheduled checks can fail; an earlier edition remains visibly dated.