Reserve Bank of India

Payments & Settlements

India to Develop Payments System for Trinidad and Tobago

By Nithya Subramanian | 28/09/2024

The partnership aims to help Trinidad and Tobago develop a UPI-based real-time payments platform for P2P and P2M transactions.

Clearing & Post-Trade

French and German Banks Calling on RBI to Adjust Trading Rules

By Manesh Samtani | 19/09/2024

The existing rules would not be able to accommodate a third-party trading model proposed as a temporary solution to address ESMA’s derecognition of Indian CCPs.

Structural Regulation

India Launches Integrated Platform for GIFT City Regulatory Approvals

By Ajoy K Das | 19/09/2024

The digital platform allows firms to submit applications, obtain approvals, and fulfil related requirements without having to navigate multiple regulators.

Structural Regulation

India to Require Pre-Approval for Mergers Involving Foreign Firms

By Ajoy K Das | 10/09/2024

The RBI’s approval will be required for merger and amalgamation deals involving foreign companies starting 17 September.

Trading & Investment

StanChart Completes First Gold Price Hedge Deal in India’s GIFT City

By Ajoy K Das | 05/09/2024

Standard Chartered Bank completed an OTC derivatives deal in GIFT City worth $4mn for hedging gold prices.

Structural Regulation

India IFSCA Issues New Listing Regulations for GIFT City

By Ajoy K Das | 04/09/2024

The regulations specify requirements for Indian and foreign companies seeking to list debt and equity securities (including SPACs) in GIFT City.

Cybersecurity

RBI Sets Out Five-point Agenda for Future Financial Landscape

By Ajoy K Das | 04/09/2024

RBI governor Shaktikanta Das outlined five strategic priorities, including sustainable finance, cybersecurity, and financial infrastructure.

Liquidity Risk

Indian Banks Seeking Easier Rules for Retail Deposits, Project Loans

By Ajoy K Das | 02/09/2024

Banks want the RBI to relax the proposed ‘run-off’ requirement for retail deposits and the proposed provisioning norms for project loans.

Structural Regulation

India to Adopt International Audit Standards in Domestic Rules

By Ajoy K Das | 01/09/2024

NFRA plans to adopt ISA 600 for all listed companies except those with government ownership. ICAI says this would concentrate audit work in the hands of a few large firms.