India

Payments & Settlements

India’s RTGS System to Be Available 24×7 from Monday

By Editors | 09/12/2020

RTGS members banks are directed to inform their customers of the change and to put in place necessary infrastructure to provide RTGS around the clock.

Liquidity Risk

RBI Allows Regional Rural Banks to Access Liquidity Facilities

By Editors | 08/12/2020

To date, regional rural banks have not been permitted to access the RBI’s liquidity windows or the Call/Notice market.

Trading & Investment

RBI to Enhance Guidelines for OTC Derivatives, CDS, Money Markets

By Editors | 08/12/2020

The RBI is looking to enhance governance of OTC derivatives market makers, establish consistency in money market and debt instruments, and update its CDS guidelines.

Capital Adequacy

RBI Directs Banks Not to Declare Dividends for FY2020

By Editors | 06/12/2020

Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.

Structural Regulation

RBI Chief Calls for Smooth Transition from LIBOR

By Sanday Chongo Kabange | 02/12/2020

Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.

Resolution & Recovery

Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank

By Editors | 26/11/2020

All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.

Conduct, Culture & Accountability

SEBI Consults on Extra Disclosure Rules for Listed Companies

By Sanday Chongo Kabange | 24/11/2020

The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.

Structural Regulation

RBI Working Group Proposes New Rules on Bank Ownership

By Sanday Chongo Kabange | 23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

Sustainable Finance

Luxembourg, India Sign Three Market Cooperation Agreements

By Editors | 23/11/2020

An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.