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Cybersecurity
India’s Biometric Identity Database Vulnerable to Cyber Attacks: RBI Research
By Garima Chitkara | 11/01/2018
Aadhaar throwing up issues around data security even as financial benefits of the nation-wide biometric identification system are unclear.
Credit Risk
India Public Sector Banks Vulnerable: IMF
By Editors | 26/12/2017
Greater RBI oversight and restructuring needed in addition to recapitalisation; High NPAs and problematic corporate balance sheets also pose challenges.
Credit Risk
India Financial System Stable Despite Worsening Asset Quality – RBI
By Garima Chitkara | 26/12/2017
Gross NPAs and asset quality likely to worsen until September 2018 even as capital flows into equity and debt markets remain elevated.
Cryptocurrency
India’s Highest Court Considering Petition Calling for Bitcoin Regulation
By Garima Chitkara | 16/11/2017
Petitioner says central bank, securities regulator refusing to take responsibility for bitcoin regulation by not defining as currency or commodity
Credit Risk
India to Require Biggest Corporate Borrowers to Use LEIs
By Editors | 06/11/2017
Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.
KYC & CDD
RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry
By Editors | 25/10/2017
Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.
Trading & Investment
India to Allow Currency Hedging by Non-resident Companies
By Samuel Riding | 19/10/2017
RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.
Structural Regulation
India Releases Draft Rules for Electronic Trading Platforms
By Editors | 16/10/2017
Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.
Credit Risk
India Insolvency Information Utility Granted 5-year License
By Editors | 02/10/2017
Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.
Emerging Prudential Risks
India Interprets P2P Lenders as Non-bank Finance Companies
By Editors | 21/09/2017
Official central bank report issued last year had suggested P2P lending platforms meet $311,000 minimum capital and leverage ratio requirements.
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