Reserve Bank of India

Securities / Derivatives

RBI Relaxes Rules on Investment in Overseas Funds

By Ajoy K Das | 11/06/2024

The amendments allow investment in funds whose managers are regulated, rather than the fund itself, such as in Singapore and the US.

Fintech / Regtech

India, Peru Sign Agreement to Develop Instant Payments

By Ajoy K Das | 10/06/2024

NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.

Fintech / Regtech

RBI to Set Up Digital Platform to Minimise Payment Fraud

By Ajoy K Das | 10/06/2024

The RBI said the platform will allow “network level intelligence and real-time data sharing across the digital payments’ ecosystem”.

Market Infrastructure

India to Allow Non-residents to Open Rupee Accounts

By Ajoy K Das | 05/06/2024

Indian banks will also be able to lend to non-residents in INR, as part of measures to internationalise the domestic currency.

Securities / Derivatives

SEBI to Review Ownership Structures of Clearing Corporations

By Ajoy K Das | 03/06/2024

An expert committee will review whether majority ownership of clearing corporations by stock exchanges remains appropriate.

Fintech / Regtech

RBI Finalises Recognition Framework for Fintech SROs

By Ajoy K Das | 01/06/2024

Entities seeking to become self-regulatory organisations in the fintech sector may submit an application with the RBI.

Fintech / Regtech

RBI Announces Launch of Three New Fintech Initiatives

By Ajoy K Das | 31/05/2024

The RBI launched a new application portal, a mobile app for G-Secs trading, and repositories containing FinTech and EmTech data.

Enforcement

RBI Imposes Restrictions on Two Edelweiss Group Firms

By Ajoy K Das | 31/05/2024

The Edelweiss companies were found to be acting in concert to “evergreen” stressed loans and circumvent regulations.

Fintech / Regtech

India to Bring UPI to 20 Countries by 2029: RBI

By Ajoy K Das | 31/05/2024

India is exploring FPS and multilateral inter-linkages with countries in the EU and South Asia, the RBI said in its annual report.