Reserve Bank of India

Fintech / Regtech

RBI Finalises Rules for Outsourcing of IT Services by Banks

By Editors | 12/04/2023

RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.

Market Infrastructure

RBI to Permit Local Users to Access Onshore NDF Market

By Editors | 09/04/2023

The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.

Fintech / Regtech

RBI Scraps Plans to Allow Firms to Develop UPI Alternative

By Editors | 07/04/2023

RBI deputy governor T Rabi Sankar says ‘new umbrella entity’ applicants did not propose solutions that were particularly innovative.

Securities / Derivatives

No Active Negotiations to Resolve India CCP Issue: ESMA

By Editors | 23/03/2023

EU banks will face a 1,250% risk weight on exposures to Indian CCPs after April. French and German regulators have given their banks 18 extra months to terminate Indian CCP memberships.

Fintech / Regtech

India, UAE To Collaborate on Building CBDC Bridge

By Editors | 16/03/2023

The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.

Market Infrastructure

RBI Calls for Fair Pricing, Transparency in FX Market

By Editors | 11/03/2023

The RBI has urged banks and FEDAI to ensure fair and transparent pricing for MSMEs and retail customers in the FX market.

AML / KYC

RBI Fines Amazon Pay’s India Unit for Breaching Local Norms

By Editors | 09/03/2023

Local reports say Amazon Pay as well as other fintech players are being penalised for delays in migrating to video-based KYC.

Securities / Derivatives

India Supreme Court Orders Probe into Adani Group

By Editors | 03/03/2023

A committee has been formed to examine the Hindenburg allegations against Adani Group and suggest measures to protect investors. A probe by SEBI was also ordered.

ESG / Sustainability

Ten Ways to Finance India’s Just Transition

By ESG Investor | 02/03/2023

Investing in a socially responsible net zero represents a “multi-trillion, multi-decade investment opportunity”, according to group of multi-stakeholders.