India

AI Risk & Governance

GIFT City, Japan Fintech Body to Cooperate on Innovation

By Editors | 27/10/2022

GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.

PEPs & Sanctions

RBI Grants First Vostro Approvals to Russian Banks

By Editors | 26/10/2022

Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.

Trading & Investment

SEBI Permits Stockbrokers to Place Client Bids on RFQ Platforms

By Editors | 25/10/2022

Stockbrokers will be allowed to place bids on stock exchanges’ RFQ platforms on behalf of clients from 1 January 2023.

Clearing & Post-Trade

India: ISDA Requests Details on CCIL’s Proposed UMR Services

By Editors | 24/10/2022

ISDA has responded to CCIL proposals to create a margining and collateral service for non-centrally cleared OTC derivatives trades in India.

Cloud & Infrastructure

RBI Consults on New Master Directions on IT Governance

By Sanday Chongo Kabange | 23/10/2022

Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.

Credit Risk

RBI Tightens Rules for Unhedged Foreign Currency Exposures

By Editors | 20/10/2022

The RBI tightened rules that require banks to factor borrowers’ unhedged foreign currency exposures into their credit-granting and loss-provisioning decisions.

Cloud & Infrastructure

India Launches Digital Banking Units to Advance Financial Inclusion

By Editors | 19/10/2022

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.

Credit Risk

RBI Tightens Rules on Disclosing NPA, Provisioning Divergences

By Editors | 18/10/2022

Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.

Structural Regulation

SEBI Sets Out Governance Requirements for Social Stock Exchanges

By Editors | 18/10/2022

A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.