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Capital / Liquidity
RBI Tightens Rules on Disclosing NPA, Provisioning Divergences
By Editors | 18/10/2022
Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.
Securities / Derivatives
RBI Directs Bank to Reduce Activity in Offshore Rupee Market
By Editors | 18/10/2022
The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.
Fintech / Regtech
India Establishes Protocols for Interoperable Regulatory Sandbox
By Editors | 17/10/2022
The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
Capital / Liquidity
RBI Revises Rules for Asset Reconstruction Companies
By Editors | 16/10/2022
Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
Capital / Liquidity
RBI Directs Banks to Treat Certain Rated Exposures as Unrated
By Editors | 15/10/2022
Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.
India Invites Bidders to Acquire Government Stake in IDBI Bank
By Editors | 12/10/2022
India announced plans to privatise most state-run companies in 2020. A 60.72 percent stake in IDBI Bank is up for grabs.
Fintech / Regtech
RBI Launches DAKSH, a New Supervisory Monitoring System
By Editors | 11/10/2022
The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.
Crypto / Digital Assets
RBI Set to Commence Limited Pilot Launch of CBDC
By Editors | 09/10/2022
To avoid the disintermediation of banks, which would impede credit creation, the RBI suggested the CBDC would likely be non-interest bearing.
RBI Directs CICs to Appoint Internal Ombudsman by April 2023
By Editors | 08/10/2022
Clients of regulated entities will have a free alternative dispute resolution for grievances against credit information companies.
Capital / Liquidity
RBI Categorises 16 Large NBFCs in Upper Layer
By Editors | 04/10/2022
The NBFCs are directed to put in place a board approved policy for adoption of the RBI’s enhanced regulatory framework for NBFCs within 24 months.
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