The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.
A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.
Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.
India's attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.
The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.
The RBI has exempted FPIs from a cap on investments in government securities and corporate bonds. FPIs can also buy short-duration corporate debt.
Vivo is alleged to have made remittances via Hong Kong to China to disclose losses in India and avoid domestic tax payments.
Quarterly reports must be issued containing information on cyber incidents, risk mitigation measures, bugs and vulnerabilities, and threat details.
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