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Reserve Bank of India
Capital / Liquidity
RBI Directs UCBs to Discontinue “Dividend Equalisation Funds”
By Ajoy K Das | 01/08/2024
UCBs have been accumulating profits from previous years in dedicated funds to use for future dividend payments.
Fintech / Regtech
RBI Issues New Anti-Fraud Rules for Non-bank Payment Systems
By Ajoy K Das | 01/08/2024
The new master direction includes requirements to establish real-time fraud monitoring solutions and multi-factor authentication for all payment transactions.
Securities / Derivatives
RBI Revokes FPI Access to 14yr and 30yr Government Bonds
By Ajoy K Das | 01/08/2024
The RBI is trying to boost liquidity in shorter-term government bonds by restricting foreign investors’ access to longer-dated bonds.
Capital / Liquidity
RBI Issues Directions on Treatment of Wilful Defaulters
By Ajoy K Das | 31/07/2024
The RBI has introduced stringent measures for wilful defaulters, including a ban on credit facilities and restructuring, based on a transparent classification process.
Crypto / Digital Assets
India to Issue Policy Paper on Crypto ‘Before September’
By Ajoy K Das | 30/07/2024
The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.
Capital / Liquidity
RBI Issues PCA Framework for Urban Cooperative Banks
By Ajoy K Das | 29/07/2024
Like commercial banks and NBFCs, UCBs will be required to take certain actions if they breach risk thresholds relating to capital, asset quality, and profitability.
Fintech / Regtech
RBI Fines Visa and Two Other Payment System Operators
By Ajoy K Das | 29/07/2024
Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.
Securities / Derivatives
Most Individual Investors Lose Money on Intraday Trading: SEBI Study
By Ajoy K Das | 26/07/2024
Over 70 percent of individual investors engaging in intraday stock trading experienced losses during 2022-23, SEBI found in a new study.
Capital / Liquidity
RBI Issues Draft Revisions to Liquidity Rules for Banks
By Ajoy K Das | 26/07/2024
Banks will have to assign an additional run-off factor for retail deposits enabled with internet and mobile banking facilities.
AML / KYC
RBI Revises Framework for Domestic Money Transfer Services
By Ajoy K Das | 25/07/2024
The revisions tighten KYC record keeping, AFA validation and transaction message requirements for domestic money transfers.
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