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Big Picture
Better Governance Needed to Promote Bank Soundness: RBI
By Editors | 28/08/2022
A new study suggests public sector banks may need greater autonomy to improve their governance structures.
Fintech / Regtech
RBI Releases Amex from Restrictions Imposed Last Year
By Editors | 26/08/2022
The restrictions imposed on Diners Club and Mastercard for violations of India’s data storage rules have also already been lifted.
Market Infrastructure
India Simplifies Regulatory Framework for Overseas Investment
By Editors | 24/08/2022
The regulatory framework for overseas investment has been aligned with the “current business and economic dynamics”.
AML / KYC
India, Russia Continue to Explore Non-USD Trade Options
By Editors | 23/08/2022
Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.
AML / KYC
US Concerned India is Routing Russian Oil to New York
By Editors | 22/08/2022
An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.
Fintech / Regtech
RBI Consults on Charges Levied in Payment Systems
By Sanday Chongo Kabange | 18/08/2022
The RBI carried out a review of payment system charges, which consumers complain are “high and non-transparent”.
RBI Directs Lenders to Clean Up Debt Collection Practices
By Editors | 15/08/2022
Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.
Securities / Derivatives
RBI Allows Standalone Primary Dealers to Expand Services
By Editors | 15/08/2022
Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.
Fintech / Regtech
RBI to Adopt New Measures to Regulate Digital Lending
By Manesh Samtani | 11/08/2022
The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.
RBI Widens Scope of Ombudsman Mechanism to Include CICs
By Editors | 10/08/2022
Credit information companies will be required to have their own internal ombudsman framework, the RBI said.
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