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Reserve Bank of India
Fintech / Regtech
RBI Allows Banks to Introduce Card Token Facilities
By Editors | 09/10/2023
Card token creation has until now only been available through merchant applications or websites, not issuer banks.
Market Infrastructure
India, UAE Sign Agreement to Interlink Payment Systems
By Editors | 09/10/2023
India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.
Capital / Liquidity
RBI Forms Working Group to Develop ECL Framework for Banks
By Manesh Samtani | 06/10/2023
The working group will help develop design principles for banks’ credit risk models and recommend an independent validation methodology.
Enforcement
Indian Lawmakers Demand Parliamentary Probe into Adani Group
By Mark Johnston | 29/09/2023
The Congress party says SEBI is reluctant to investigate the allegations against the Adani Group, one of the largest conglomerates in India.
RBI Revises Guidelines on Identification of ‘Wilful Defaulters’
By Editors | 22/09/2023
Lenders will have just six months after an account is categorised as non-performing to classify the borrower as a wilful defaulter.
Capital / Liquidity
RBI Extends Basel III Requirements to National Financial Institutions
By Editors | 22/09/2023
The five All India Financial Institutions will have to comply with Basel III capital adequacy requirements from April 2024.
RBI Expands Scope of Data Quality Benchmarking Requirements
By Editors | 21/09/2023
Credit information companies directed to establish data quality index for commercial and microfinance segments.
Capital / Liquidity
RBI Revises Norms for Banks’ Investment Portfolios
By Manesh Samtani | 15/09/2023
The RBI said the revisions will enhance the quality of financial reporting, bolster the corporate bond market, and strengthen bank risk management.
Capital / Liquidity
RBI Releases List of Upper Layer NBFCs for 2023-24
By Mark Johnston | 14/09/2023
Under the new regulatory framework, the 15 upper layer NBFCs will be subject to heightened regulatory requirements for a minimum of five years.
RBI Sets 30-day Deadline for Lenders to Return Property Documents
By Mark Johnston | 13/09/2023
The RBI directed regulated entities to release all original property documents to customers within 30 days after personal loans are fully repaid.
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