India

Data Privacy

RBI Restricts Amex, Diners Club for Data Storage Violations

By Editors | 26/04/2021

American Express and Diners Club were found to be non-compliant with the RBI’s 2018 directions requiring payment system data to be stored onshore.

Capital Adequacy

RBI Lifts Bank Dividend Ban, Subject to New Limit

By Editors | 25/04/2021

Banks will be limited to paying only 50% of the amount prescribed in a 2005 circular, which already caps dividends at a 40% payout ratio.

Credit Risk

RBI to Review Efficacy of Regulatory Framework for ARCs

By Editors | 21/04/2021

The RBI has set up an expert panel that will review the role of asset reconstruction companies in the resolution of stressed assets.

Conduct, Culture & Accountability

SEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds

By Editors | 13/04/2021

SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.

Payments & Settlements

RBI to Extend RTGS, NEFT Connectivity to Nonbanks

By Editors | 10/04/2021

Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.

Liquidity Risk

RBI Formalises Quantitative Easing Programme

By Editors | 10/04/2021

While the RBI has often purchased government securities, this is the first time it has committed to an amount upfront.

Supervision & Enforcement

Indian Court Lifts Freeze Order on ByteDance Bank Accounts

By Ranamita Chakraborty | 08/04/2021

ByteDance is required to deposit around $10.6mn in a state-run bank, the amount tax authorities claim the company owes.

Cybersecurity

RBI Orders MobiKwik to Investigate Alleged Data Breach

By Ranamita Chakraborty | 07/04/2021

The RBI has asked the payments provider Mobikwik to carry out an immediate forensic audit following allegations of a data breach.

Reporting & Disclosures

SEBI Approves Listing Rule Changes, New ESG Reporting Requirements

By Editors | 02/04/2021

The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.