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India
Cybersecurity
RBI Issues New Anti-Fraud Rules for Non-bank Payment Systems
By Ajoy K Das | 01/08/2024
The new master direction includes requirements to establish real-time fraud monitoring solutions and multi-factor authentication for all payment transactions.
Trading & Investment
RBI Revokes FPI Access to 14yr and 30yr Government Bonds
By Ajoy K Das | 01/08/2024
The RBI is trying to boost liquidity in shorter-term government bonds by restricting foreign investors’ access to longer-dated bonds.
ESG Data
IFSCA Issues Framework for CRAs Providing ESG Ratings in GIFT City
By Ajoy K Das | 31/07/2024
The framework comes on the heels of a decision by SEBI to permit CRAs and ESG rating providers to undertake rating activities in GIFT City.
Credit Risk
RBI Issues Directions on Treatment of Wilful Defaulters
By Ajoy K Das | 31/07/2024
The RBI has introduced stringent measures for wilful defaulters, including a ban on credit facilities and restructuring, based on a transparent classification process.
AI Risk & Governance
SEBI Launches AI-enabled Chatbot to Address Investors’ Queries
By Ajoy K Das | 31/07/2024
The chatbot can currently answer questions relating to the securities market, the latest master circulars, and the grievance redressal process.
Trading & Investment
NSE Launches Resource Dedicated to Passive Funds in India
By Ajoy K Das | 31/07/2024
The platform makes it easier for retail investors to access information and understand passive funds like ETFs and index funds, NSE said.
Cryptocurrency
India to Issue Policy Paper on Crypto ‘Before September’
By Ajoy K Das | 30/07/2024
The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.
Fraud, Scams & Cybercrime
India, FBI Arrest 43 in Joint Operation Against Cybercrime Network
By Ajoy K Das | 30/07/2024
The cyber-enabled financial crime network operated in multiple countries and is estimated to have defrauded people of over $20mn.
Capital Adequacy
RBI Issues PCA Framework for Urban Cooperative Banks
By Ajoy K Das | 29/07/2024
Like commercial banks and NBFCs, UCBs will be required to take certain actions if they breach risk thresholds relating to capital, asset quality, and profitability.
Payments & Settlements
RBI Fines Visa and Two Other Payment System Operators
By Ajoy K Das | 29/07/2024
Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.
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