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Capital / Liquidity
RBI Directs Banks to Improve Financial Statement Disclosures
By Editors | 22/12/2022
The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.
Securities / Derivatives
RBI Lifts Restrictions on Offshore Rupee Trades by Banks
By Editors | 17/12/2022
Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.
Securities / Derivatives
RBI Allows Resident Entities to Hedge Gold Exposures from GIFT City
By Editors | 12/12/2022
To date, resistant entities in India have not been permitted to hedge their gold price exposures in overseas markets.
Securities / Derivatives
RBI Tightens Rules on Loan Securitisations
By Editors | 10/12/2022
Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.
Market Infrastructure
RBI Restores Pre-pandemic Market Hours for Certain Markets
By Editors | 09/12/2022
Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.
Capital / Liquidity
RBI Issues Revised Regulatory Framework for UCBs
By Editors | 08/12/2022
The four-tiered regulatory framework for UCBs will allow the RBI to prescribe more differentiated requirements based on size.
Fintech / Regtech
NPCI Extends UPI Market Cap Compliance Deadline to End 2024
By Mark Johnston | 07/12/2022
The NPCI has for the third time extended its compliance deadline for imposing a 30 percent market cap limit on UPI payment apps.
Market Infrastructure
RBI Adds Modified MIFOR to List of Significant Benchmarks
By Editors | 05/12/2022
The Modified MIFOR curve will replace the FBIL MIFOR curve for new contracts, using Adjusted SOFR instead of USD LIBOR.
RBI Relaxes Rules on Bank Dealings in Overseas Financial Products
By Sanday Chongo Kabange | 05/12/2022
Indian banks, through their overseas operations, are now allowed to undertake activities that would not be permitted in the domestic market.
Crypto / Digital Assets
RBI Launches Pilot to Test CBDC with Consumers, Merchants
By Editors | 02/12/2022
The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.
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