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Fintech / Regtech
RBI Defers Deadline for Acquiring Banks to Purge Customer Card Data
By Editors | 09/08/2022
All entities in the transaction chain other than acquiring banks, card issuers and card networks must purge card-on-file data from 1 October 2022.
Market Infrastructure
SEBI Forms Dedicated Committee to Advice on FPI Policy
By Editors | 09/08/2022
The committee will advise increasing FPI participation in Indian markets. FPIs are currently coping with a transition to T+1 settlement in the country.
ESG / Sustainability
RBI Publishes Paper on Climate Risk, Sustainable Finance
By Manesh Samtani | 04/08/2022
The paper offers guidance for FIs on managing climate risk. The RBI also published results from a survey to assess banks’ readiness to address climate risk.
Securities / Derivatives
India Launches First International Bullion Exchange
By Editors | 01/08/2022
The exchange is expected to facilitate efficient price discovery; ensure standardisation, quality assurance and sourcing integrity; and help bring more foreign traders to India.
Capital / Liquidity
RBI Allows Payment Aggregators Time To Obtain Licenses
By Editors | 31/07/2022
Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications
Securities / Derivatives
India: Fees, Charges Payable to SEBI Now Subject to 18pc GST
By Editors | 26/07/2022
Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.
Capital / Liquidity
RBI Imposes Restrictions on Two Cooperative Banks
By Editors | 24/07/2022
The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.
Capital / Liquidity
RBI Adopts Four Tier Regulatory Framework for UCBs
By Editors | 24/07/2022
A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.
AML / KYC
India, Indonesia to Work Towards Establishing Payment Linkages
By Editors | 20/07/2022
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
Fintech / Regtech
RBI Grants First In-Principle Approvals for Payment Aggregator Licence
By Editors | 17/07/2022
Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.
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