Incorporation of purchaser name on demand instruments to reduce anonymity and curb money laundering; issuers must comply.
Issuance instruments such as demand drafts, pay orders and banker's cheques must bear the name of the purchaser printed on the face of the instrument, and the issuing bank is required to incorporate the purchaser's name on such instruments issued on or after September 15, 2018; this amendment to the Master Direction on KYC mandates the change and banks are instructed to ensure compliance.

Prohibition on dealing in virtual currencies bars regulated entities from providing services that facilitate virtual currency transactions.
Regulated entities are prohibited from dealing in virtual currencies or providing services that facilitate dealing in or settling virtual currencies, including maintaining related accounts, registering or supporting exchanges, trading, settlement, loans against virtual tokens, accepting virtual currencies as collateral, and transferring funds connected to virtual currency purchases or sales; existing service relationships must be terminated under an exit requirement, and the prohibition is grounded in statutory powers under the Banking Regulation Act, the Reserve Bank of India Act, and the Payment and Settlement Systems Act.

MSME asset classification relief: standard asset treatment subject to conditions, specified provisioning and limits on income recognition.
Banks and NBFCs may maintain exposure to MSME borrowers as standard assets during GST transition if borrowers were GST-registered by the reference date, had aggregate exposure within the prescribed threshold and were standard earlier, and if overdue amounts and instalments due during the transition are paid within an extended cure period; lenders must make a specified provisioning which may be reversed once the account no longer breaches the applicable delinquency norm, and interest overdue beyond that norm cannot be recognised on accrual.