Reserve Bank of India

    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.

    Market Infrastructure

    India’s CCIL Proposes to Create Infrastructure for UMR Compliance

    By Manesh Samtani | 28/09/2022

    CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.

    RBI Issues New Standards for Compliance Function of UCBs

    By Editors | 25/09/2022

    Tier 4 UCBs and tier 3 urban cooperative banks are directed to appoint a chief compliance officer by 1 April 2023 and 1 October 2023, respectively.

    Fintech / Regtech

    India Launches Three New Digital Payments Initiatives

    By Editors | 24/09/2022

    The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.

    Capital / Liquidity

    RBI Removes Restrictions on Central Bank of India

    By Editors | 21/09/2022

    The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.

    Securities / Derivatives

    RBI Warns Against Use of Unauthorised FX Platforms

    By Editors | 12/09/2022

    The RBI lists 34 FX trading platforms it says are not authorised to operate in India. The list include FXCM, XTB, TD Ameritrade, eToro, and IG Markets.

    Fintech / Regtech

    Singapore-India Real-time Payments Launch Delayed to December

    By Editors | 12/09/2022

    At least five Indian banks are reportedly in talks with Singapore’s DBS regarding the PayNow-UPI linkage, which was initially meant to launch in July 2022.

    Fintech / Regtech

    India Raids Payment Firms in Digital Lending App Probe

    By Editors | 06/09/2022

    The Enforcement Directorate said digital loan app providers involved in extortion and harassment of members of the public are controlled and operated by Chinese persons.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team