Reserve Bank of India

Capital / Liquidity

RBI Issues New Framework for Compromise Settlements and Loan Write-offs

By Sanday Chongo Kabange | 08/06/2023

The framework aims to provide further impetus to stressed asset resolutions and establish harmonised standards across lenders.

Market Infrastructure

RBI Unveils Plans to Enhance Payment Systems

By Sanday Chongo Kabange | 08/06/2023

The RBI will allow Indian banks to issuance RuPay prepaid forex cards and expand the scope and reach of e-RUPI digital vouchers.

Securities / Derivatives

RBI Permit Banks to Offer Non-deliverable FX Derivatives to Resident Indians

By Editors | 08/06/2023

HSBC India executed its first non-deliverable FX derivative transaction with Reliance Industries just a day after the RBI’s policy change.

Fintech / Regtech

RBI Consults on Cyber Resilience Guidelines for Payment System Operators

By Sanday Chongo Kabange | 06/06/2023

The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.

RBI Panel Offers Recommendations on Improving Bank Services

By Editors | 05/06/2023

The committee issued recommendations to foster a more customer-centric approach in the financial services industry.

RBI Governor Raises Concerns Over India Bank Governance

By Ranamita Chakraborty | 30/05/2023

RBI governor Shaktikanta Das said banks are employing “smart accounting methods” to artificially boost performance and mask stressed loans.

AML / KYC

Indian Authorities Investigating Three ‘Top Brokers’ – Reports

By Editors | 16/05/2023

Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.

Market Infrastructure

Banks Must Ensure LIBOR Transition Work is Complete: RBI

By Editors | 14/05/2023

No new transactions should be undertaken using USD LIBOR or MIFOR, and appropriate fallbacks must be in place in legacy contracts.

AML / KYC

RBI Updates Master Direction on KYC for Wire Transfers

By Sanday Chongo Kabange | 05/05/2023

The revised master directions highlight the need for all wire transfers to be accompanied by accurate and complete originator and beneficiary information.