India

Payments & Settlements

RBI Tightens Penalties Framework for Payment System Offences

By Nithya Subramanian | 01/02/2025

The framework includes monetary penalties and compounding offences to tighten compliance in the digital payments sector.

Liquidity Risk

RBI Announces Largest Liquidity Injection Since Pandemic

By Manesh Samtani | 31/01/2025

The new measures are aimed at addressing a INR 3 trillion liquidity shortfall caused by the RBI’s own intervention in the FX markets

Market Data & Technology

SEBI Launches Portal to Streamline Reporting of Technical Glitches

By Nithya Subramanian | 31/01/2025

iSPOT provides stock exchanges, clearing corporations and depositories with a centralised system to report technical disruptions

Structural Regulation

SEBI Introduces Evaluation Mechanism for Committees of MIIs

By Nithya Subramanian | 30/01/2025

External agencies must evaluate the performance of the statutory committees every three years, and MIIs must conduct internal assessments annually

Cybersecurity

NYDFS Fines PayPal $2m for Cybersecurity Failures

By Nithya Subramanian | 28/01/2025

NYDFS said teams tasked with implementing changes to existing data flows were not properly trained, resulting in customer data being accessible to cybercriminals.

Structural Regulation

Taiwan’s FSC Approves Plans for Two Banks to Expand in India

By Nithya Subramanian | 23/01/2025

If approved by India, CTBC Bank will become the first Taiwanese bank to have a presence in GIFT City. E.SUN Commercial Bank plans to set up a Mumbai branch.

Fraud, Scams & Cybercrime

RBI Directs FIs to Implement Safeguards Against Fraud

By Nithya Subramanian | 22/01/2025

The RBI asked banks and other financial institutions to strengthen safeguards against fraud involving mobile numbers

Cryptocurrency

NYDFS Issues Alerts on Proliferation of Meme Coins

By Nithya Subramanian | 22/01/2025

The NYDFS said that meme coins are not subject to rigorous regulatory standards and that their creators are often involved in “pump-and-dump schemes”.

Credit Risk

RBI Issues Guidelines for ARCs on Settlement of Dues of Borrowers

By Nithya Subramanian | 21/01/2025

The revised guidelines mandate stricter oversight, independent reviews, and enhanced transparency for ARCs in resolving borrower dues