India

CBDCs

RBI to Make CBDC QR Codes Interoperable With UPI System

By Editors | 09/06/2023

The RBI issued the e-rupee as a pilot project late last year. Deputy governor T Rabi Sankar 1 million customers will be active on the CBDC by end-of-month.

Liquidity Risk

RBI Allows Banks More Flexibility to Participate in Interbank Market

By Mark Johnston | 09/06/2023

Banks can set their own limits for borrowing in the call and notice money markets, provided they meet existing prudential limits for inter-bank liabilities.

Credit Risk

RBI Issues New Rules on Guarantee Arrangements in Digital Lending

By Mark Johnston | 09/06/2023

Loan service providers such as fintechs are allowed to provide default cover up to five percent of the loan portfolio.

Credit Risk

RBI Issues New Framework for Compromise Settlements and Loan Write-offs

By Sanday Chongo Kabange | 08/06/2023

The framework aims to provide further impetus to stressed asset resolutions and establish harmonised standards across lenders.

Payments & Settlements

RBI Unveils Plans to Enhance Payment Systems

By Sanday Chongo Kabange | 08/06/2023

The RBI will allow Indian banks to issuance RuPay prepaid forex cards and expand the scope and reach of e-RUPI digital vouchers.

Clearing & Post-Trade

SEBI Issues New Framework for Client Funds Upstreaming

By Mark Johnston | 08/06/2023

Stock brokers will have to upstream all client funds to clearing corporations by the end of each day.

Trading & Investment

RBI Permit Banks to Offer Non-deliverable FX Derivatives to Resident Indians

By Editors | 08/06/2023

HSBC India executed its first non-deliverable FX derivative transaction with Reliance Industries just a day after the RBI’s policy change.

Trading & Investment

SEBI Orders Stockbrokers to Direct More Trades to RFQ Platforms

By Sanday Chongo Kabange | 06/06/2023

From 1 July, stockbrokers will have to channel at least 10% of their proprietary corporate bond trades by value through RFQ platforms.

Cybersecurity

RBI Consults on Cyber Resilience Guidelines for Payment System Operators

By Sanday Chongo Kabange | 06/06/2023

The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.