{"id":245083,"date":"2026-06-03T00:29:10","date_gmt":"2026-06-02T18:59:10","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=245083"},"modified":"2026-06-03T00:29:15","modified_gmt":"2026-06-02T18:59:15","slug":"rbi-may-circulars","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/","title":{"rendered":"Attempt RBI Circulars May 2026 Practice Quiz &amp; Download PDF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#Download_RBI_Circulars_May_2026_Practice_Quiz_PDF\" >Download RBI Circulars May 2026 Practice Quiz PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#Attempt_the_RBI_Circulars_May_2026_Quiz\" >Attempt the RBI Circulars May 2026 Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_is_FEMA_authorized_person_regulation_2026\" >What is FEMA authorized person regulation 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_are_the_Categories_of_Authorized_Dealers_AD\" >What are the Categories of Authorized Dealers (AD)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_are_the_Net_Worth_and_Eligibility_Conditions_for_AD\" >What are the Net Worth and Eligibility Conditions for AD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_is_Capital_Adequacy_Ratio_CAR_in_RBI_Circulars\" >What is Capital Adequacy Ratio (CAR) in RBI Circulars?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_are_the_IFR_Changes_in_RBI_Circular_May_2026\" >What are the IFR Changes in RBI Circular May 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_is_the_outward_remittance_framework_update\" >What is the outward remittance framework update?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_is_RBI_QSAFE_Committee\" >What is RBI QSAFE Committee?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#What_are_RBI_BSR-1_and_BSR-2_data_highlights\" >What are RBI BSR-1 and BSR-2 data highlights?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The RBI Circulars for May 2026 bring important updates for banking and finance exams such as CAIIB, JAIIB, and other regulatory certifications. These circulars cover key topics like FEMA regulations, Authorized Persons, Capital Adequacy Ratio, IFR changes, credit growth data, and new RBI frameworks. Understanding these updates is very important for exam preparation as questions are often asked directly from recent circular-based developments issued by the Reserve Bank of India. This practice quiz and PDF guide will help you revise all major concepts in a simple and structured way.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-rbi-circulars-may-2026-practice-quiz-pdf\"><span class=\"ez-toc-section\" id=\"Download_RBI_Circulars_May_2026_Practice_Quiz_PDF\"><\/span>Download RBI Circulars May 2026 Practice Quiz PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI Circulars May 2026 Practice Quiz is a revision-based MCQ set designed from the latest Reserve Bank of India (RBI) circulars, master directions, and updated regulatory guidelines issued during May 2026.<\/p>\n\n\n\n<p>This quiz focuses on important concepts such as FEMA Authorized Person regulations, AD Category framework, Capital Adequacy Ratio (CAR), Investment Fluctuation Reserve (IFR) changes, BSR credit-deposit data, QSAFE cybersecurity initiative, and updated banking compliance rules.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>RBI Circular Quiz PDF<\/td><td><a href=\"https:\/\/www.oliveboard.in\/rbi-circulars-practice-quiz-pdf\/?ref=contac-rbi-maycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/td><\/tr><tr><td>Check 2026 RBI Circular Details<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/rbi-circulars\/?ref=contac-rbi-maycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Check Details<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-attempt-the-rbi-circulars-may-2026-quiz\"><span class=\"ez-toc-section\" id=\"Attempt_the_RBI_Circulars_May_2026_Quiz\"><\/span>Attempt the RBI Circulars May 2026 Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RBI Circulars are highly important for banking and regulatory examinations as they reflect the latest policy updates issued by the Reserve Bank of India. This May 2026 quiz helps learners build strong conceptual clarity on key topics such as FEMA Authorized Person regulations, AD Category structure, Capital Adequacy Ratio (CAR), IFR reforms, BSR credit and deposit trends, and new RBI frameworks like QSAFE and liquidity management updates.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> RBI Circulars May Practice Quiz<\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. Under FEMA, which portal must be used by existing Authorized Persons to apply for fresh authorization after expiry?<\/p>\n  <button data-correct=\"false\">COSMOS portal<\/button>\n  <button data-correct=\"false\">SWIFT portal<\/button>\n  <button data-correct=\"true\">PRAVAA portal<\/button>\n  <button data-correct=\"false\">SFMS portal<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. Which of the following entities is eligible to apply for AD Category 1 authorization under FEMA?<\/p>\n  <button data-correct=\"false\">NBFCs registered with RBI<\/button>\n  <button data-correct=\"true\">RBI-licensed banks only<\/button>\n  <button data-correct=\"false\">FFMCs<\/button>\n  <button data-correct=\"false\">Fintech companies with RBI approval<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. What is the minimum net worth requirement for an AD Category 2 entity?<\/p>\n  <button data-correct=\"true\">\u20b910 crore<\/button>\n  <button data-correct=\"false\">\u20b925 lakh<\/button>\n  <button data-correct=\"false\">\u20b92 crore<\/button>\n  <button data-correct=\"false\">\u20b950 lakh<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. An FFMC (Full-Fledged Money Changer) operating multiple branches must have a minimum net worth of:<\/p>\n  <button data-correct=\"false\">\u20b910 crore<\/button>\n  <button data-correct=\"false\">\u20b925 lakh<\/button>\n  <button data-correct=\"false\">\u20b92 crore<\/button>\n  <button data-correct=\"true\">\u20b950 lakh<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Under the Fit and Proper Criteria for Authorized Persons, at least what percentage of directors\/KMP must have financial sector experience?<\/p>\n  <button data-correct=\"false\">25%<\/button>\n  <button data-correct=\"false\">75%<\/button>\n  <button data-correct=\"true\">50%<\/button>\n  <button data-correct=\"false\">100%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. How many days before its expiry must an existing Authorized Dealer submit a renewal application to RBI?<\/p>\n  <button data-correct=\"false\">30 days<\/button>\n  <button data-correct=\"true\">60 days<\/button>\n  <button data-correct=\"false\">45 days<\/button>\n  <button data-correct=\"false\">90 days<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. What is the maximum transaction limit for trade-related current account transactions permitted for AD Category 2 entities?<\/p>\n  <button data-correct=\"false\">\u20b950 lakh<\/button>\n  <button data-correct=\"false\">\u20b910 lakh<\/button>\n  <button data-correct=\"true\">\u20b925 lakh<\/button>\n  <button data-correct=\"false\">\u20b9100 lakh<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. Which of the following activities is an FFMC permitted to perform under FEMA?<\/p>\n  <button data-correct=\"true\">Purchase and sale of foreign currency notes<\/button>\n  <button data-correct=\"false\">Capital account transactions<\/button>\n  <button data-correct=\"false\">Export-import payments<\/button>\n  <button data-correct=\"false\">Foreign investments<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. Within how many months must a newly authorized person commence operations under FEMA Authorized Person Regulations 2026?<\/p>\n  <button data-correct=\"false\">3 months<\/button>\n  <button data-correct=\"false\">12 months<\/button>\n  <button data-correct=\"false\">9 months<\/button>\n  <button data-correct=\"true\">6 months<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. A change in ownership exceeding what percentage threshold requires prior RBI approval for an authorized person?<\/p>\n  <button data-correct=\"false\">26%<\/button>\n  <button data-correct=\"true\">50%<\/button>\n  <button data-correct=\"false\">74%<\/button>\n  <button data-correct=\"false\">51%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. Under the new outward remittance framework, what significant change has RBI introduced for non-bank entities?<\/p>\n  <button data-correct=\"true\">Non-bank entities can directly tie up with AD Category 1 banks without separate RBI approval<\/button>\n  <button data-correct=\"false\">Non-bank entities can directly deal in forex without any oversight<\/button>\n  <button data-correct=\"false\">SEBI approval instead of RBI<\/button>\n  <button data-correct=\"false\">Must form a joint venture with AD Category 1 banks<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. Under the new outward remittance framework, if a fintech partner processes a remittance incorrectly, who bears regulatory responsibility?<\/p>\n  <button data-correct=\"false\">fintech company alone<\/button>\n  <button data-correct=\"false\">shared equally<\/button>\n  <button data-correct=\"true\">AD Category 1 bank<\/button>\n  <button data-correct=\"false\">RBI assumes responsibility<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. The Capital Adequacy Ratio (CAR) formula is expressed as:<\/p>\n  <button data-correct=\"false\">Tier 1 Capital \/ Total Assets<\/button>\n  <button data-correct=\"true\">Capital \/ Risk Weighted Assets<\/button>\n  <button data-correct=\"false\">Net Worth \/ Total Deposits<\/button>\n  <button data-correct=\"false\">Tier 2 Capital \/ Risk Weighted Assets<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. Which of the following is NOT a component of Tier 1 Capital?<\/p>\n  <button data-correct=\"false\">CET1<\/button>\n  <button data-correct=\"false\">AT1 bonds<\/button>\n  <button data-correct=\"false\">Subordinated debt<\/button>\n  <button data-correct=\"true\">Quarterly audited profits<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Under the revised RBI framework, quarterly profits can be included in Tier 1 capital. What is the dividend adjustment applied while computing eligible quarterly profit?<\/p>\n  <button data-correct=\"false\">50% of average annual dividend<\/button>\n  <button data-correct=\"false\">100% of average annual dividend<\/button>\n  <button data-correct=\"false\">33% of average annual dividend<\/button>\n  <button data-correct=\"true\">25% of average annual dividend<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. The Investment Fluctuation Reserve (IFR) for commercial banks has been eliminated with effect from:<\/p>\n  <button data-correct=\"false\">1st April 2026<\/button>\n  <button data-correct=\"false\">1st January 2026<\/button>\n  <button data-correct=\"true\">18th May 2026<\/button>\n  <button data-correct=\"false\">31st March 2026<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Why has the RBI decided to eliminate the Investment Fluctuation Reserve (IFR) for commercial banks?<\/p>\n  <button data-correct=\"false\">Banks no longer hold investment portfolios<\/button>\n  <button data-correct=\"true\">Market risk is already covered under the revised capital charge framework<\/button>\n  <button data-correct=\"false\">Merged with Statutory Liquidity Ratio<\/button>\n  <button data-correct=\"false\">Replaced by Countercyclical Capital Buffer<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. When an existing IFR balance is dissolved for a commercial bank, it is transferred to which of the following?<\/p>\n  <button data-correct=\"true\">General reserve \/ Statutory reserve \/ P&#038;L account<\/button>\n  <button data-correct=\"false\">CRR account<\/button>\n  <button data-correct=\"false\">Government as dividend<\/button>\n  <button data-correct=\"false\">Capital adequacy buffer<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. A foreign bank operating in India through a branch mode dissolves its IFR. Which of the following is the correct treatment?<\/p>\n  <button data-correct=\"false\">freely repatriated<\/button>\n  <button data-correct=\"false\">deposited with RBI<\/button>\n  <button data-correct=\"false\">added to CRR<\/button>\n  <button data-correct=\"true\">must remain in Indian books<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. What is the IFR requirement for Small Finance Banks (SFBs) under the 2026 RBI circular?<\/p>\n  <button data-correct=\"false\">NIL<\/button>\n  <button data-correct=\"false\">5% of HFT + AFS portfolio<\/button>\n  <button data-correct=\"true\">2% of AFS + FVTPL portfolio<\/button>\n  <button data-correct=\"false\">2% of HTM + AFS portfolio<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n                        <input type=\"text\" maxlength=\"10\" name=\"monum\" class=\"formcontrol ob-inputfield\" id=\"course-uphone\" required=\"\">\n                        <span class=\"floating-label\">Mobile Number<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                        <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-upassword\" required=\"\">\n                        <span class=\"floating-label\">Password<\/span>\n                   <\/div>\n                   <button type=\"button\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseUpValidation('home','IBPS','https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common');return false;\" id=\"courseup\">REGISTER<\/button>\n                    <p class=\"obls-footer\">Already a user?<button type=\"button\" class=\"btn btn-xs btn-switch-obls btn-show-modal-login\" id=\"btn-show-modal-login\">Login<\/button><\/p>\n               <\/div> \n            <\/div> \n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<div class=\"modal modal-obls\" id=\"modal-login\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group2\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-run-health.svg\" alt=\"\"><\/span>\n                   <div id=\"login-group-abc\" class=\"lfp-group-abc\"><!-- start login group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Login\"><\/span>Login<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <label class=\"errormsg txt-red courseIn\"><\/label>\n                       <div class=\"formcontrol-group disable-loginemail\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-email\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginnext-group\" id=\"loginnext-group\"><!-- pass and captcha -->\n                           <div class=\"formcontrol-group\">\n                                <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                                <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-password\" required=\"\">\n                                <span class=\"floating-label\">Password<\/span>\n                           <\/div>\n                           <div style=\"display:none\" id=\"img-oblcaptcha\" class=\"captcha-img-blk\">\n                           <\/div>\n                           <div style=\"display:none\" class=\"formcontrol-group captcha-input-blk\">\n                                <input type=\"text\" name=\"pwd1\" value=\"1\" class=\"formcontrol ob-inputfield\" id=\"lcaptcha-code\" required=\"\">\n                                <span class=\"floating-label\">Enter text you see in the image<\/span>\n                           <\/div>\n                       <\/div><!-- pass and captcha -->\n                       \n                       <div class=\"btn-forgotpwd-group\"><button id=\"btn-forgotpwd\" class=\"btn btn-forgotpwd\">Forgot Password?<\/button><\/div>\n                       <button type=\"button\" id=\"coursein1\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseInValidation1()\">Next<\/button>\n                       <button type=\"button\" id=\"coursein\" class=\"btn btn-md btn-tblue btn-obls coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n                       <form method=\"post\" action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"remail\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginas-group loginas-group1\">\n                            <button type=\"button\" id=\"btn-fpwd-cancel\" class=\"btn btn-md btn-white btn-cancel btn-fpwd-cancel\">Cancel<\/button>\n                            <button type=\"button\" id=\"lreset\" class=\"btn btn-md btn-tblue btn-fpwd-submit\" onclick=\"resetPassword()\">Submit<\/button>\n                       <\/div>\n                    <\/div><!-- end forgotpwd group --> \n                   <h6 class=\"login-subheader\">Or, login with<\/h6>\n                   <div class=\"loginas-group loginas-group2 loginas-group-single\">\n\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b-mock-test\/?ref=contac-rbi-maycircpq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt RBI Grade B Mock Test<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-fema-authorized-person-regulation-2026\"><span class=\"ez-toc-section\" id=\"What_is_FEMA_authorized_person_regulation_2026\"><\/span>What is FEMA authorized person regulation 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The FEMA Authorized Person Regulation defines who is allowed to deal in foreign exchange in India. Only entities approved by the Reserve Bank of India can buy or sell foreign currency or foreign securities. Without RBI approval, no individual or business can legally deal in foreign exchange. For example, students going abroad must purchase USD only through authorized money changers. Even existing authorized persons must renew their approval after expiry through the PRAVAA portal.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Authorized persons are regulated under RBI permission<\/li>\n\n\n\n<li>Deal in foreign exchange and foreign securities<\/li>\n\n\n\n<li>Renewal required after expiry via PRAVAA portal<\/li>\n\n\n\n<li>Unauthorized forex dealing is strictly prohibited<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-categories-of-authorized-dealers-ad\"><span class=\"ez-toc-section\" id=\"What_are_the_Categories_of_Authorized_Dealers_AD\"><\/span>What are the Categories of Authorized Dealers (AD)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Authorized Dealers are classified into three categories based on their size, financial strength, and RBI approval conditions. Each category has different operational limits and eligibility criteria.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Category<\/strong><\/td><td><strong>Eligible Entities<\/strong><\/td><td><strong>Key Features<\/strong><\/td><\/tr><tr><td>AD Category 1<\/td><td>RBI licensed banks<\/td><td>Full forex operations, both current and capital account<\/td><\/tr><tr><td>AD Category 2<\/td><td>Banks, NBFCs, FFMCs<\/td><td>Limited forex transactions with conditions<\/td><\/tr><tr><td>AD Category 3<\/td><td>Fintech &amp; other entities<\/td><td>Restricted activities as per RBI approval<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Note: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AD Category 1 has highest authority<\/li>\n\n\n\n<li>AD Category 2 has transaction limits<\/li>\n\n\n\n<li>AD Category 3 works under strict RBI conditions<\/li>\n\n\n\n<li>FFMCs must meet turnover and net worth norms<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-embed wp-embed-aspect-16-9 wp-has-aspect-ratio  is-type-video is-provider-youtube wp-block-embed-youtube\"><div class=\"wp-block-embed__wrapper video-seo-youtube-embed-wrapper\"><div class=\"video-seo-youtube-player\" data-id=\"SUAnc_qR07g\"><\/div><\/div><\/figure>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-net-worth-and-eligibility-conditions-for-ad\"><span class=\"ez-toc-section\" id=\"What_are_the_Net_Worth_and_Eligibility_Conditions_for_AD\"><\/span>What are the Net Worth and Eligibility Conditions for AD?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To operate as an Authorized Dealer, RBI has defined strict eligibility rules. These ensure only financially stable and compliant institutions can handle foreign exchange operations.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Category \/ Condition<\/strong><\/td><td><strong>Requirement \/ Details<\/strong><\/td><\/tr><tr><td>Company Type<\/td><td>Must be registered under Companies Act, 2013<\/td><\/tr><tr><td>MOA Requirement<\/td><td>Memorandum of Association must include foreign exchange business activity<\/td><\/tr><tr><td>Net Worth Rule<\/td><td>Minimum net worth varies by category<\/td><\/tr><tr><td>Fit and Proper Criteria<\/td><td>Checked by RBI (includes integrity, experience, and financial background)<\/td><\/tr><tr><td>AD Category 2<\/td><td>Minimum net worth: \u20b910 crore<\/td><\/tr><tr><td>AD Category 3<\/td><td>Minimum net worth: \u20b92 crore<\/td><\/tr><tr><td>FFMC (Single Branch)<\/td><td>Minimum net worth: \u20b925 lakh<\/td><\/tr><tr><td>FFMC (Multiple Branch)<\/td><td>Minimum net worth: \u20b950 lakh<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-capital-adequacy-ratio-car-in-rbi-circulars\"><span class=\"ez-toc-section\" id=\"What_is_Capital_Adequacy_Ratio_CAR_in_RBI_Circulars\"><\/span>What is Capital Adequacy Ratio (CAR) in RBI Circulars?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Capital Adequacy Ratio is a key banking stability measure that shows whether a bank has enough capital to cover its risk-weighted assets. It ensures financial safety and reduces risk of bank failure.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Explanation<\/strong>: CAR includes Tier 1 and Tier 2 capital. It is calculated using risk exposure of banks. RBI uses this ratio to maintain banking system stability. Even Small Finance Banks and Payment Banks must follow CAR norms.<\/li>\n\n\n\n<li><strong>Formula <\/strong>&#8211; CAR = Capital \/ Risk Weighted Assets<\/li>\n\n\n\n<li><strong>Key Components<\/strong>\n<ul class=\"wp-block-list\">\n<li>Tier 1 Capital (CET1 + AT1 bonds)<\/li>\n\n\n\n<li>Tier 2 Capital (subordinated debt, reserves)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-fm-practice-quiz\/?ref=contac-rbi-maycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Take A Free RBI Grade B FM Practice Quiz<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-ifr-changes-in-rbi-circular-may-2026\"><span class=\"ez-toc-section\" id=\"What_are_the_IFR_Changes_in_RBI_Circular_May_2026\"><\/span>What are the IFR Changes in RBI Circular May 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investment Fluctuation Reserve (IFR) rules have been significantly updated. RBI has removed IFR requirements for commercial banks and simplified rules for other banking institutions. This is a major reform in investment risk management.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Key Concept &#8211;<\/strong> IFR was earlier used as a buffer against investment value fluctuations. Now, it is mostly removed or adjusted into reserves.<\/li>\n\n\n\n<li><strong>IFR Applicability Table<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Institution<\/strong><\/td><td><strong>IFR Requirement<\/strong><\/td><\/tr><tr><td>Commercial Banks<\/td><td>NIL<\/td><\/tr><tr><td>Local Area Banks<\/td><td>NIL<\/td><\/tr><tr><td>Small Finance Banks<\/td><td>2% of AFS + FVTPL<\/td><\/tr><tr><td>Payment Banks<\/td><td>2% of AFS + FVTPL<\/td><\/tr><tr><td>Regional Rural Banks<\/td><td>2% of HFT + AFS<\/td><\/tr><tr><td>Urban Cooperative Banks<\/td><td>5%<\/td><\/tr><tr><td>Rural Cooperative Banks<\/td><td>5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Key Points &#8211; <\/strong>\n<ul class=\"wp-block-list\">\n<li>IFR removed for commercial banks<\/li>\n\n\n\n<li>Existing IFR shifted to reserves or P&amp;L<\/li>\n\n\n\n<li>Foreign banks cannot repatriate IFR funds<\/li>\n\n\n\n<li>Cooperative banks have higher IFR requirements<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-outward-remittance-framework-update\"><span class=\"ez-toc-section\" id=\"What_is_the_outward_remittance_framework_update\"><\/span>What is the outward remittance framework update?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RBI has simplified the outward remittance process for non-bank entities. Earlier, approvals were required, but now direct tie-ups with banks are allowed.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Key Changes<\/strong>\n<ul class=\"wp-block-list\">\n<li>No RBI approval required for tie-ups<\/li>\n\n\n\n<li>Non-bank entities can directly work with AD Category 1 banks<\/li>\n\n\n\n<li>Compliance responsibility lies with institutions<\/li>\n\n\n\n<li>Transparency in exchange rate and charges is mandatory<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Restrictions<\/strong>\n<ul class=\"wp-block-list\">\n<li>Only non-trade current account transactions allowed<\/li>\n\n\n\n<li>No import\/export trade transactions permitted<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=contac-rbi-maycircpq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Explore RBI Grade B Courses<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-rbi-qsafe-committee\"><span class=\"ez-toc-section\" id=\"What_is_RBI_QSAFE_Committee\"><\/span>What is RBI QSAFE Committee?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Quantum Secure Adaptive Financial Ecosystem (QSAFE) is a newly formed RBI committee focusing on cybersecurity in the banking sector. It is designed to protect financial systems from quantum computing threats.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Objectives<\/strong>\n<ul class=\"wp-block-list\">\n<li>Strengthen cryptographic systems<\/li>\n\n\n\n<li>Prevent cyber risks from quantum computing<\/li>\n\n\n\n<li>Improve banking cybersecurity framework<\/li>\n\n\n\n<li>Submit report within 6 months<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Key Point &#8211;<\/strong> Quantum computing can break traditional encryption, making this committee highly important for future banking security.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/free-quizzes-for-regulatory-exams\/?ref=contac-rbi-maycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Free Quiz for Regulatory Exams<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-rbi-bsr-1-and-bsr-2-data-highlights\"><span class=\"ez-toc-section\" id=\"What_are_RBI_BSR-1_and_BSR-2_data_highlights\"><\/span>What are RBI BSR-1 and BSR-2 data highlights?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RBI has released important credit and deposit growth data under BSR reports. These are frequently asked in competitive exams.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Credit Growth (BSR-1)<\/td><td>&#8211; Overall credit growth: 14.1%<br>&#8211; Agriculture: 14.4% (highest)<br>&#8211; Personal loans: 12.9%<br>&#8211; Industry: 12%<br>&#8211; Private banks credit growth: 12.3%<\/td><\/tr><tr><td>Deposit Growth (BSR-2)<\/td><td>&#8211; Overall deposits: 11.5%<br>&#8211; Term deposits: 61.6%<br>&#8211; Savings deposits: 28.7%<br>&#8211; Current deposits: 9.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1780425193495\"><strong class=\"schema-faq-question\">1. What is FEMA Authorized Person regulation?<\/strong> <p class=\"schema-faq-answer\">It defines entities allowed by RBI to deal in foreign exchange and foreign securities.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1780425194349\"><strong class=\"schema-faq-question\">2. What are AD Categories in RBI framework?<\/strong> <p class=\"schema-faq-answer\">They are Authorized Dealer classifications: AD Category 1, 2, and 3 for forex operations.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1780425195164\"><strong class=\"schema-faq-question\">3. What is the minimum net worth for AD Category 2?<\/strong> <p class=\"schema-faq-answer\">AD Category 2 requires a minimum net worth of \u20b910 crore.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1780425195769\"><strong class=\"schema-faq-question\">4. What is Capital Adequacy Ratio (CAR)?<\/strong> <p class=\"schema-faq-answer\">CAR is the ratio of a bank\u2019s capital to its risk-weighted assets.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1780425197129\"><strong class=\"schema-faq-question\">5. Which institutions now do not require IFR?<\/strong> <p class=\"schema-faq-answer\">Commercial banks and local area banks no longer require IFR maintenance.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-circulars\/\">RBI Circulars 2026, Attempt Quiz and Download RBI Circulars PDFs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\">Attempt RBI Circulars May 2026 Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/gk-quiz\/\">Attempt GK Quiz and Download 1000 GK Quiz PDF for Free<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/weekly-current-affairs\/\">Weekly Current Affairs 2026 for Banking &amp; Other Govt Exams<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/monthly-current-affairs\/\">Monthly Current Affairs 2026 PDF For SSC, Banking, and Railways<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/how-to-deal-with-low-mock-test-scores\/\">How to Deal with Low Mock Test Scores During Exam Preparation?<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The RBI Circulars for May 2026 bring important updates for banking and finance exams such as CAIIB, JAIIB, and other<\/p>\n","protected":false},"author":58,"featured_media":245086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10247],"tags":[],"class_list":["post-245083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rbi-sebi-nabard","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Attempt RBI Circulars May 2026 Practice Quiz &amp; Download PDF<\/title>\n<meta name=\"description\" content=\"Check out the details of the RBI May 2026 circulars, attempt questions based on them, and download the free PDF.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attempt RBI Circulars May 2026 Practice Quiz &amp; Download PDF\" \/>\n<meta property=\"og:description\" content=\"The RBI Circulars for May 2026 bring important updates for banking and finance exams such as CAIIB, JAIIB, and other regulatory certifications. These\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-02T18:59:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-02T18:59:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/RBI-1-2.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AditiOB\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\"},\"author\":{\"name\":\"AditiOB\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c\"},\"headline\":\"Attempt RBI Circulars May 2026 Practice Quiz &amp; Download PDF\",\"datePublished\":\"2026-06-02T18:59:10+00:00\",\"dateModified\":\"2026-06-02T18:59:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\"},\"wordCount\":1762,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/RBI-1-2.webp\",\"articleSection\":[\"Regulatory Exams\"],\"inLanguage\":\"en-US\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\",\"name\":\"Attempt RBI Circulars May 2026 Practice Quiz & Download PDF\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/RBI-1-2.webp\",\"datePublished\":\"2026-06-02T18:59:10+00:00\",\"dateModified\":\"2026-06-02T18:59:15+00:00\",\"description\":\"Check out the details of the RBI May 2026 circulars, attempt questions based on them, and download the free PDF.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#faq-question-1780425193495\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#faq-question-1780425194349\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#faq-question-1780425195164\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#faq-question-1780425195769\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#faq-question-1780425197129\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#primaryimage\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/RBI-1-2.webp\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/RBI-1-2.webp\",\"width\":730,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulatory Exams\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/rbi-sebi-nabard\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"RBI Circulars May 2026 Practice Quiz\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"name\":\"Oliveboard\",\"description\":\"Free Govt. 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#faq-question-1780425193495\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/rbi-may-circulars\/#faq-question-1780425193495\",\"name\":\"1. 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