Reserve Bank of India

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    Fintech / Regtech

    RBI Report Highlights Growing Role of Fintech in Providing Credit

    By Ajoy K Das | 09/11/2023

    Regulation needs to be quick and nimble to promote access and growth while ensuring financial stability, the report says.

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    ESG / Sustainability

    India Makes Green Bonds Available to Non-resident Investors

    By Ajoy K Das | 09/11/2023

    The RBI has listed sovereign green bonds floated during the current financial year as available under the “Fully Accessible Route”.

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    Fintech / Regtech

    RBI Finalises New Master Directions on IT Governance

    By Ajoy K Das | 08/11/2023

    The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.

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    Fintech / Regtech

    IRDAI Directs Insurers to Join RBI’s Account Aggregator Ecosystem

    By Ajoy K Das | 03/11/2023

    The inclusion of insurance firms in the AA ecosystem is expected to benefit agents, mutual fund distributors, and other service intermediaries.

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    RBI Announces Regulatory Framework for Cross Border Transactions

    By Ajoy K Das | 02/11/2023

    Non-banks facilitating import and export payment transactions must initially have a minimum net worth of INR 150 million.

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    Fintech / Regtech

    RBI Allows Five MSME Lending Products to Exit Sandbox

    By Ajoy K Das | 31/10/2023

    Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.

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    Fintech / Regtech

    RBI Amends Account Aggregator Framework to Promote Reciprocal Data Sharing

    By Ajoy K Das | 31/10/2023

    The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.

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    RBI Raises Limit for Non-callable Term Deposits

    By Editors | 30/10/2023

    All term deposits below the new INR 10 million threshold will have to mandatorily offer a withdrawal option to depositors.

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    Crypto / Digital Assets

    Indian Banks Offering Incentives to Boost CBDC Use – Report

    By Ajoy K Das | 28/10/2023

    Participating banks funding incentives to promote e-rupee usage in response to pressure from the RBI.

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    RBI Directs Credit Bureaus, Banks to Improve Services for Customers

    By Ajoy K Das | 28/10/2023

    CICs and credit institutions are given six months to implement a new compensation framework and customer service requirements.

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