Banking Regulation & Global Payments
Weekly Roundup
Weekly Brief — Banking Regulation & Global Payments
FEMA Overhaul: Individual Foreign Investment and UPI Expansion
This report covers Banking Regulation and Cross-Border Payments from June 08, 2026, to June 15, 2026. Findings highlight a major shift in FEMA rules allowing all non-resident individuals to invest in Indian equities and the operationalization of the India-Nepal UPI-NPI link.
Key Statistics
| 10% | 5 Trading Days | 24% |
|---|---|---|
| Individual holding cap for foreign non-resident individuals in listed companies | Divestment window for breach of the 10% investment limit | Aggregate investment limit for all individuals under Schedule III |
Weekly Executive Summary
- FEMA Reclassification: The Ministry of Finance and RBI transitioned from "NRI/OCI" centric investment rules to a broader "Individual Person Resident Outside India" framework, significantly expanding the pool of eligible retail investors.
- Land-Border Controls: New regulations strictly mandate prior government approval for any individual investment from countries sharing land borders with India, aligning individual capital controls with corporate FDI norms.
- Cross-Border Connectivity: India and Nepal officially launched …
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