RESERVE BANK OF INDIA

Capital / Liquidity

UPDATED – New Margin Rules for OTC Derivatives Take Effect in India

By Editors | 08/11/2024

Only the VM rules have taken effect on schedule. The effective date for the IM rules has been extended to 1 April 2025.

Fintech / Regtech

New Project Nexus Entity to be Established in Singapore

By Editors | 07/11/2024

The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

Securities / Derivatives

RBI Updates Requirements for CCPs on Governance Arrangements

By Editors | 31/10/2024

The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

Securities / Derivatives

French, German Banks to Extend Dealings With Indian CCPs

By Editors | 31/10/2024

At the same time, French and German regulators have asked their banks to consider alternate arrangements with local lenders.

Capital / Liquidity

RBI’s LCR Plan Will Force Indian Banks to Rework Strategy

By Nithya Subramanian | 28/10/2024

The RBI has proposed an additional 5 percent run off factor for retail digital banking accounts. Other regulators are waiting for guidance from the BCBS.

AML / KYC

GLEIF Opens Mumbai Office to Support LEI Adoption in India

By Editors | 25/10/2024

The new office will help GLEIF build closer engagement with the market to ease and support LEI adoption, while also spreading awareness of the vLEI.

Market Infrastructure

RBI Expands Access to Electronic Trading Platform for G-Secs

By Mark Johnston | 24/10/2024

Access to NDS-OM will expand to regional rural banks, local area banks, NBFCs, provident funds, pension funds, and regulated MIIs.

Enforcement

RBI Halts Loan Activities of Four NBFCs Over Compliance Issues

By Nithya Subramanian | 23/10/2024

The RBI ordered four NBFCs to stop disbursing new loans due to excessively high rates which are non-compliant with regulatory guidelines.

Capital / Liquidity

Kotak Mahindra to Acquire StanChart’s Retail Loan Book

By Nithya Subramanian | 18/10/2024

The acquisition is expected to be completed in 3 months, allowing StanChart to focus on the wealth and SME segments as well as investment banking.