Reserve Bank of India

Structural Regulation

SEBI to Raise Net Worth Requirements for Merchant Bankers

By Ajoy K Das | 30/08/2024

The current net worth requirement is around $6mn. SEBI proposes to raise this 10x for those handling main board issues.

Structural Regulation

RBI Grants Recognition to First SRO for Fintech Sector

By Ajoy K Das | 30/08/2024

The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.

AI Risk & Governance

RBI Developing New Unified Platform to Facilitate Lending

By Ajoy K Das | 28/08/2024

The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.

Structural Regulation

RBI Issues Recognition Framework for Financial Market SROs

By Ajoy K Das | 20/08/2024

SROs would be expected to “be an ally” to the RBI in ensuring better compliance with regulatory guidelines and for detection of early warning signals.

Structural Regulation

RBI Tightens Rules for P2P Lending Platforms

By Ajoy K Das | 19/08/2024

P2P lending platforms are now prohibited from providing credit guarantees, assuming credit risk, or offering liquidity options.

Sustainable Finance

GIFT City to Commence Sovereign Green Bond Trading “Very Soon”

By Ajoy K Das | 16/08/2024

RBI governor said sovereign green bond trading will be operationalised in GIFT City “very soon”, likely in the second half of the current fiscal year.

Liquidity Risk

RBI Tightens Norms for HFCs to Align with NBFCs

By Ajoy K Das | 14/08/2024

The regulatory changes, effective January 2025, cover requirements on liquid assets and handling of public deposits, among other areas.

Data Privacy

RBI Proposes to Introduce Public Repository for Digital Lending Apps

By Ajoy K Das | 13/08/2024

The repository will serve as a comprehensive list of digital lending apps that are operated by RBI regulated entities such as banks and NBFCs.

Credit Risk

RBI Shortens Frequency of Credit Reporting to 15 Days

By Ajoy K Das | 08/08/2024

Contraventions by credit information companies and credit institutions to attract penal action The Reserve Bank of India (RBI) has issued […]