Reserve Bank of India

AI Risk & Governance

RBI to Form Dedicated Committee to Develop Framework for AI

By Editors | 11/12/2024

The committee of experts shall recommend a “robust, comprehensive, and adaptable AI framework” for the financial sector, the RBI said.

Structural Regulation

RBI to Launch a New Interest Rate Benchmark Called SORR

By Manesh Samtani | 10/12/2024

The Secured Overnight Rupee Rate will be based on market repo and tri party repo transactions, which account for 98% of overnight money market transactions.

Structural Regulation

India Surprises Market With New RBI Governor Appointment

By Editors | 10/12/2024

Sanjay Malhotra, Revenue Secretary in the Ministry of Finance, was appointed as RBI governor for a three-year term.

Liquidity Risk

RBI Announces Cut to Cash Reserve Ratio for Banks

By Editors | 08/12/2024

The CRR cut is expected to release $13.7bn in financial system liquidity, enabling banks to extend more loans to spur economic growth.

Structural Regulation

Indian Parliament Advances Bill to Amend Banking Regulations

By Editors | 05/12/2024

The bill makes as many as 19 amendments to existing banking laws, including allowing deposits to have up to four nominees in their accounts.

Fraud, Scams & Cybercrime

India: RBIH Wants Banks to Use AI to Detect Mule Accounts

By Editors | 03/12/2024

The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

Cloud & Infrastructure

RBI to Launch Public Cloud for Financial Services Industry

By Editors | 19/11/2024

The RBI programme will use only local IT firms to offer cloud data storage to financial firms at affordable prices.

Capital Adequacy

RBI Releases 2024 List of Domestic Systemically Important Banks

By Nithya Subramanian | 14/11/2024

SBI, HDFC, and ICICI remain India’s three D-SIBs. SBI and HDFC have to meet a higher CET1 requirement from April 2025.

Structural Regulation

RBI Expands Trade Reporting Requirements to Include FX Spot Deals

By Editors | 12/11/2024

The new reporting requirements are aimed at ensuring the RBI has a more complete view of the FX market for monitoring and regulatory purposes.