Reserve Bank of India

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    RBI Greenlights 92 Special Rupee Accounts to Enhance Bilateral Trade

    By Editors | 30/07/2023

    RBI authorised 20 banks to open 92 Special Rupee Vostro Accounts with various countries, aiming to simplify trade and promote more robust FX markets.

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    Market Infrastructure

    India: AMC Repo Clearing Launches Triparty Bond Repo Solution

    By Editors | 29/07/2023

    Eight entities participated in repo transactions on the first day of the new service from AMC Repo Clearing.

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    ESG / Sustainability

    RBI to Issue Guidance on Climate-related Credit Risks for Banks

    By Mark Johnston | 26/07/2023

    The RBI is also working on a disclosure framework for climate-related financial risks and guidance on climate scenario analysis.

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    Capital / Liquidity

    SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

    By Ranamita Chakraborty | 24/07/2023

    India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

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    AML / KYC

    RBI Steps Up Scrutiny of Bank Response to Digital Fraud

    By Mark Johnston | 22/07/2023

    The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.

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    Fintech / Regtech

    RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

    By Editors | 17/07/2023

    The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

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    Crypto / Digital Assets

    Stablecoins Threaten Policy Sovereignty, Says RBI Deputy Governor

    By Mark Johnston | 14/07/2023

    Stablecoins are only beneficial to linked economies, such as the US and Europe, but not to India, said T Rabi Sankar.

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    Crypto / Digital Assets

    HDFC Bank Implements Interoperability between CBDC and UPI

    By Editors | 13/07/2023

    HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

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    Big Picture

    RBI Panel Proposes Measures to Boost Rupee Internationalisation

    By Mark Johnston | 10/07/2023

    The panel proposes short, medium and long term measures to increase the use of the rupee in cross-border transactions.

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    Capital / Liquidity

    RBI Extends Deadline for Co-op Banks to Meet PSL Targets

    By Editors | 09/07/2023

    “This action is taken in response to the implementational challenges experienced by these financial institutions,” the RBI said.

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