The RBI tightened rules that require banks to factor borrowers' unhedged foreign currency exposures into their credit-granting and loss-provisioning decisions.
The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.
Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.
A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.
The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.
The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.
Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
Banks must treat corporate and NBFC exposures as if they were unrated if the lenders' details are not disclosed in rating actions.
India announced plans to privatise most state-run companies in 2020. A 60.72 percent stake in IDBI Bank is up for grabs.
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