Reserve Bank of India

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    Crypto / Digital Assets

    MobiKwik, Cred Become First Non-Banks to Offer CBDCs in India

    By Nithya Subramanian | 05/02/2025

    The e-rupee wallets allow users to send funds to and receive funds from other e-rupee wallets as well as regular bank accounts using UPI.

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    Fintech / Regtech

    RBI Tightens Penalties Framework for Payment System Offences

    By Nithya Subramanian | 01/02/2025

    The framework includes monetary penalties and compounding offences to tighten compliance in the digital payments sector.

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    Capital / Liquidity

    RBI Announces Largest Liquidity Injection Since Pandemic

    By Manesh Samtani | 31/01/2025

    The new measures are aimed at addressing a INR 3 trillion liquidity shortfall caused by the RBI’s own intervention in the FX markets

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    Fintech / Regtech

    RBI Directs FIs to Implement Safeguards Against Fraud

    By Nithya Subramanian | 22/01/2025

    The RBI asked banks and other financial institutions to strengthen safeguards against fraud involving mobile numbers

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    Capital / Liquidity

    RBI Issues Guidelines for ARCs on Settlement of Dues of Borrowers

    By Nithya Subramanian | 21/01/2025

    The revised guidelines mandate stricter oversight, independent reviews, and enhanced transparency for ARCs in resolving borrower dues

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    Capital / Liquidity

    RBI Releases List of Upper Layer NBFCs for 2024-25

    By Mark Johnston | 20/01/2025

    Upper-layer NBFCs are subject to higher capital requirements, stricter governance standards, enhanced disclosure norms and closer supervision

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    RBI Eases FEMA Rules to Boost Rupee Use in Cross-border Transactions

    By Nithya Subramanian | 18/01/2025

    The RBI has also signed MoUs with the central banks of UAE, Indonesia and Maldives to encourage the use of local currencies in trade and investment.

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    RBI Standardises Framework for Reporting Credit Information

    By Manesh Samtani | 14/01/2025

    Lenders must update credit bureau records every 15 days rather than monthly to ensure borrowers’ financial activities are reflected in credit scores more quickly

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    AML / KYC

    India to Implement Payee Name Checking on RTGS, NEFT by April

    By Editors | 05/01/2025

    Banks have until 1 April 2025 to implement the beneficiary account name look-up facility for RTGS and NEFT transfers.

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    Securities / Derivatives

    RBI to Require Reporting of OTC Gold Derivatives Trades

    By Editors | 03/01/2025

    Starting from 1 February, banks must report all OTC transactions in gold derivatives undertaken in domestic markets, GIFT City, and outside India.

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