Reserve Bank of India

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    Capital / Liquidity

    RBI Announces Decision to Discontinue I-CRR Requirement

    By Editors | 11/09/2023

    25% of the I-CRR was released on Saturday. Another 25 percent will be released on 23 September. The remaining 50 percent will be released on 7 October.

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    Fintech / Regtech

    RBI Governor Launches New Features on UPI System

    By Editors | 08/09/2023

    The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

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    Crypto / Digital Assets

    RBI Seeking to Develop More Use Cases for CBDC

    By Editors | 07/09/2023

    The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.

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    Market Infrastructure

    RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

    By Manesh Samtani | 07/09/2023

    Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

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    Fintech / Regtech

    RBI Calls on Fintech Industry to Establish Self-Regulatory Body

    By Editors | 07/09/2023

    The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

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    Fintech / Regtech

    RBI Permits Banks to Use UPI With Credit Lines

    By Sanday Chongo Kabange | 05/09/2023

    Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.

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    AML / KYC

    Indian Banks Working on New Industry Platform to Combat Fraud – Report

    By Editors | 30/08/2023

    The platform will enable banks to share real-time information that can be used to stop digital fraud and trace the funds.

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    RBI Asking Banks to Settle UAE Trade Without USD – Report

    By Editors | 22/08/2023

    The RBI has asked banks to encourage clients and corporates to settle trade with the UAE using the dirham or Indian rupee.

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    Market Infrastructure

    India’s Finance Minister Reviews Progress of GIFT City

    By Mark Johnston | 22/08/2023

    Nirmala Sitharaman reviews GIFT City’s progress, saying a legal framework for accounting, auditing, and taxation professionals will soon be in place.

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    RBI Unveils New Penal Charges Regime to Promote Fair Lending

    By Sanday Chongo Kabange | 21/08/2023

    The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.

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