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Fraud, Scams & Cybercrime
Punjab National Bank Detects $550mn Fraud by Indian Steelmaker
By Editors | 09/07/2019
Punjab National Bank says Bhushan Power & Steel misappropriated bank funds and manipulated its books to raise funds from lenders.
Capital Adequacy
India’s 2019 Budget Grants Lifeline to State Banks, NBFCs
By Editors | 08/07/2019
The government announced a fresh capital infusion for state banks, credit guarantees on NBFC assets, and stronger supervisory powers for the RBI.
Emerging Prudential Risks
RBI to Review Framework for Core Investment Firms
By Editors | 04/07/2019
Concerned that oversight of increasingly complex core investment firms is now inadequate, the RBI has set up a working group to review its framework.
Capital Adequacy
RBI Relaxes Leverage Ratio to Boost Lending
By Editors | 02/07/2019
The RBI has reduced the leverage ratio from 4.5% at present to 4% for D-SIBs (domestic systemically important banks) and 3.5% for other banks.
Credit Risk
India’s Banks Are Becoming More Resilient: RBI
By Editors | 01/07/2019
The RBI says gross NPA ratios and loan provisioning are improving, but it warns that capital adequacy at some banks will fall below requirements without more government cash.
Trading & Investment
RBI Issues Consolidated Directions for Interest Rate Derivatives
By Editors | 28/06/2019
Under the new directions, stock exchanges and OTC market-makers have been given the flexibility to design and structure IRD products tailored to the needs of market participants.
Structural Regulation
RBI Issues Guidelines for Financial Benchmark Administrators
By Editors | 27/06/2019
Existing financial benchmark administrators will be notified if their benchmark is considered a “significant benchmark”. They will then have three months to apply for RBI authorisation.
Conduct, Culture & Accountability
RBI Launches Online Platform for Financial Complaints
By Editors | 25/06/2019
The new Complaint Management System allows customers of regulated financial entities in India to lodge complaints against those entities online.
Trading & Investment
RBI Retail FX Trading Platform Set for 5 August Launch
By Editors | 21/06/2019
The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.
Emerging Prudential Risks
RBI to Step Up Monitoring of Shadow Banking Sector
By Editors | 11/06/2019
Governor Shaktikanta Das says the RBI will increase its monitoring of NBFCs and issue final liquidity risk management rules for the sector “soon”.
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