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Trading & Investment
RBI Directs Bank to Reduce Activity in Offshore Rupee Market
By Editors | 18/10/2022
The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.
Cloud & Infrastructure
India Establishes Protocols for Interoperable Regulatory Sandbox
By Editors | 17/10/2022
The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
Structural Regulation
SEBI Issues Framework for Dealing with CRA Licence Cancellations
By Editors | 17/10/2022
The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.
Resolution & Recovery
RBI Revises Rules for Asset Reconstruction Companies
By Editors | 16/10/2022
Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
Capital Adequacy
RBI Directs Banks to Treat Certain Rated Exposures as Unrated
By Editors | 15/10/2022
Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.
Structural Regulation
India Invites Bidders to Acquire Government Stake in IDBI Bank
By Editors | 12/10/2022
India announced plans to privatise most state-run companies in 2020. A 60.72 percent stake in IDBI Bank is up for grabs.
Payments & Settlements
Worldline, NPCI to Enable Indian UPI Payments Across Europe
By Editors | 12/10/2022
The first target markets are set to include Benelux (Belgium, the Netherlands, and Luxembourg) and Switzerland, with further plans for expansion.
Supervision & Enforcement
RBI Launches DAKSH, a New Supervisory Monitoring System
By Editors | 11/10/2022
The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.
Structural Regulation
SEBI Cancels Rating Agency Licence for the First Time
By Editors | 10/10/2022
Brickwork Ratings India failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, SEBI said.
Trading & Investment
BSE India Receives Approval to Set Up Social Stock Exchange
By Editors | 10/10/2022
The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.
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