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Credit Risk
SEBI Requires Listed Companies to Disclose Defaults Within 24 Hours
By Editors | 22/11/2019
Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.
Resolution & Recovery
India to Increase Deposit Insurance Limit – Reports
By Editors | 20/11/2019
India’s finance ministry plans to increase the deposit guarantee limit to protect consumers against bank failures.
Resolution & Recovery
MCA Releases Interim Rules for Handling NBFC Insolvency
By Editors | 20/11/2019
The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.
Payments & Settlements
RBI Invites First Sandbox Applicants to Test Retail Payments Products
By Editors | 09/11/2019
Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.
Liquidity Risk
RBI Revises NBFC Rules on Liquidity Risk Management
By Editors | 07/11/2019
The guidelines impose minimum LCR requirements on larger NBFCs from December 2020 and additionally seek to enhance early detection of liquidity risks in the sector.
Conduct, Culture & Accountability
RBI Issues Stricter Rules on Bank Executive Compensation
By Editors | 06/11/2019
Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.
Credit Risk
SEBI Mandates Immediate Disclosure of NPA Divergences
By Editors | 04/11/2019
SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.
Emerging Prudential Risks
RBI Reorganises Regulation, Supervision Departments
By Editors | 04/11/2019
The RBI has integrated all its supervision functions into a unified ‘Department of Supervision’, and its regulatory functions into a unified ‘Department of Regulation’.
Fraud, Scams & Cybercrime
RBI Deploys New Reporting System for Cooperative Banks
By Editors | 17/10/2019
Following the $560mn fraud detected at PMC Bank, the RBI is ordering all cooperative banks in the country to perform their daily reporting via the new system.
Anti-Money Laundering
India Establishes High Level Panel on AML/CFT
By Editors | 08/10/2019
The inter-ministerial committee comprises senior officials from government departments, ministries, law enforcement agencies and regulatory bodies, including the RBI, SEBI and IRDAI.
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