Banks say new administration’s order could cut regulatory costs or tighten rules for foreign banks.
NRIs to be allowed to hedge currency risk; banks can dip into reserves for T1 capital.
2017/18 budget also includes measures to ease NPAs, FPI access.
Regulator proposes to remove internal ratings-based approach from reporting standards.
Cooperation to focus on risk-based supervision and cybersecurity.
Banks said to have spent last two months dealing with impact of demonetisation.
PBOC could punish banks with lower rates on central bank deposits, higher deposit insurance charges.
Fitch Ratings suggests full integration a ‘very distant goal’.
Deputy governor urges caution despite sufficient liquidity to meet rising funding costs.
Regulations would see FSC choosing auditors for the largest companies.