RESERVE BANK OF INDIA

AML / KYC

India Raises Cash Withdrawal Limit

By Samuel Riding | 17/01/2017

RBI also applies increased limits to overdraft and cash credit accounts.

Indonesia, India Shutter Dodgy Investment Companies

By Samuel Riding | 13/01/2017

OJK task force shuts down 6 firms for illegal operation; RBI orders 7 NBFC to close.

AML / KYC

India Demonetisation Nets USD213bn

By Samuel Riding | 09/01/2017

Amount recovered is 93.5% of outstanding notes; RBI plans to expedite counting, identify fake notes.

India Introduces Bond Options

By Samuel Riding | 03/01/2017

OTC and exchange traded options will be allowed.

India Eases FPI Rules

By Samuel Riding | 28/12/2016

Category 1 and 2 FPIs can hold derivatives up to 20% of a stock’s market wide position limit.

Securities / Derivatives

Australia, India Sanction Banks for Forex Violations

By Samuel Riding | 22/12/2016

2 Australian banks to make $3.6mn ‘community benefit’ payments, RBI fines 5 banks total of $844.

AML / KYC

RBI Backtracks on Demonetisation Deposit Limits

By Samuel Riding | 22/12/2016

Central bank says depositors will not be interrogated so long as accounts are KYC compliant.

AML / KYC

RBI Officials Arrested for ‘Unauthorised Money Exchange’

By Samuel Riding | 19/12/2016

Two officials said to have given away new notes amounting to almost $300,000.

Big Picture

The Big Picture – Indian Regulatory Outlook

By Samuel Riding | 08/12/2016

Highlights from Regulation Asia’s 2016 India Roundtable with ICCL, Stockholding, EY and PIVOT.