Under the extant instructions, the Investment Fluctuation Reserve (IFR) maintained by commercial banks is included in their Tier 2 capital. Consequent to the issuance of draft Reserve Bank of India (Commercial Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026, the related instructions have been reviewed. Accordingly, Draft Amendment Directions have been issued for public comments. Additional comments or any attachments may also be submitted by email at mrgdor@rbi.org.in Last date for submission of comments is April 29, 2026. Draft Amendment Directions |