Reserve Bank of India

Model Risk

RBI Proposes Regulatory Principles for Managing Credit Models

By Ajoy K Das | 06/08/2024

Lenders using models from third parties have to ensure the contractual arrangements allow supervisory evaluations of the models by the RBI.

Credit Risk

RBI Revises NPA Provisioning Norms for Cooperative Banks

By Ajoy K Das | 05/08/2024

The RBI’s instructions aim to ensure uniformity in the treatment of Bad and Doubtful Debt Reserves for prudential purposes.

Payments & Settlements

RBI Proposes New Framework on Digital Payments Authentication

By Ajoy K Das | 04/08/2024

The draft framework would require all digital payment transactions to be authenticated with AFA unless otherwise exempted.

KYC & CDD

RBI Issues Draft Rules for Aadhar-enabled Payment Systems

By Ajoy K Das | 03/08/2024

The draft rules focus on onboarding and ongoing due diligence of AePS touchpoint operators to prevent fraud.

Cloud & Infrastructure

BigTech Integration in Finance Poses Challenges: RBI Report

By Ajoy K Das | 03/08/2024

RBI report discusses BigTech in financial services, financial sector digitalisation, international payments initiatives and India’s CBDC.

Climate Risk

RBI to Release Additional Guidance on Climate-related Risks

By Ajoy K Das | 02/08/2024

RBI official said guidance will be released on scenario analysis, stress testing and effective management of climate-related financial risks.

Fraud, Scams & Cybercrime

India: Ransomware Attack Disrupts Services at Nearly 300 Banks

By Ajoy K Das | 01/08/2024

The attack affected C-Edge Technologies, a TCS and SBI joint venture that provides technology services to small banks across India.

Capital Adequacy

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.

Cybersecurity

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.