India

    Cryptocurrency

    Regulatory Pressure on Binance Builds With Malaysia Ban

    By Manesh Samtani | 01/08/2021

    Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

    Payments & Settlements

    BIS, MAS Set Out Blueprint for Cross-border Payments

    By Ranamita Chakraborty | 29/07/2021

    BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.

    Payments & Settlements

    RBI Opens RTGS, NEFT to Non-bank Payment System Providers

    By Editors | 29/07/2021

    Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.

    Clearing & Post-Trade

    SEBI Requires Segregation, Monitoring of Client Collateral

    By Editors | 27/07/2021

    The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.

    CBDCs

    RBI Working Towards Phased Implementation of CBDC

    By Sanday Chongo Kabange | 25/07/2021

    Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.

    Credit Risk

    Indian Banks Set to Apply for ‘Bad Bank’ Operating Licence

    By Ranamita Chakraborty | 21/07/2021

    The bad bank will be 51% owned by public sector banks. The remaining shares will be owned by private sector lenders.

    Trading & Investment

    Axis Bank Announces First Derivative Transaction Linked to SOFR

    By Ranamita Chakraborty | 17/07/2021

    SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.

    Resolution & Recovery

    RBI Grants In-principle Approval for PMC Bank Takeover

    By Sanday Chongo Kabange | 16/07/2021

    The RBI has given Centrum Financial Services in-principle approval to set up a small finance bank to take over PMC Bank.

    Capital Adequacy

    RBI Proposes Changes to UCB Fundraising Norms

    By Ranamita Chakraborty | 15/07/2021

    Primary UCBs can issue equity shares, perpetual or redeemable preference shares, perpetual debt instruments, and long-term subordinated bonds.

    Data Privacy

    RBI Imposes Restrictions on Mastercard Over Data Storage

    By Editors | 15/07/2021

    The action may hamper the ability of private banks to issue new cards to customers in the near term due to their exclusive tie-ups with Mastercard.

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