Reserve Bank of India

Trading & Investment

SEBI Forms Municipal Bonds Development Committee

By Editors | 18/02/2020

The committee will advise on regulation to develop the primary and secondary markets for municipal bonds.

Cloud & Infrastructure

SEBI Approves Live Sandbox Testing for Regulated Entities

By Editors | 18/02/2020

SEBI-registered entities can test new products, services and business models on a limited set of customers, for a specified period of time, with certain regulatory relaxations.

Payments & Settlements

RBI Proposes Authorisation of New Retail Payment Systems

By Editors | 12/02/2020

The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.

Clearing & Post-Trade

India to Introduce Netting Legislation, Margin Rules for Derivatives

By Manesh Samtani | 11/02/2020

Prompted by a Budget proposal to introduce netting legislation “soon”, the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.

Credit Risk

RBI Expands One-Time Restructuring Scheme for MSME Loans

By Editors | 11/02/2020

The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.

Structural Regulation

Cabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight

By Editors | 07/02/2020

Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.

Emerging Prudential Risks

India Raises Deposit Insurance Cover Five Fold

By Editors | 05/02/2020

Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.

Trading & Investment

SEBI Sets Position Limits for Gift City Rupee Derivatives

By Editors | 04/02/2020

Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.

Trading & Investment

RBI Eases Limits on FPI Investment in Debt Securities

By Editors | 24/01/2020

RBI has re-opened the ‘voluntary retention route’ for FPI investments in debt, doubling the investment cap. Short-term investment limits have also been eased.