Reserve Bank of India

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    Uncategorised

    Indian Regulators Respond to Adani Group Stock Selloff

    By Editors | 06/02/2023

    SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.

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    Market Infrastructure

    India Budget to Provide Boosts to India Fintech, GIFT City

    By Editors | 06/02/2023

    The budget includes a revamp of India’s credit guarantee scheme for MSMEs and new incentives to draw companies to GIFT City.

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    Enforcement

    SEBI Investigating Alleged Stock Manipulation by Adani Group

    By Manesh Samtani | 30/01/2023

    Short seller Hindenburg Research says the Adani Group engaged in stock price manipulation and accounting fraud over the course of decades.

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    Capital / Liquidity

    RBI Proposed New Securitisation Framework for Stressed Assets

    By Editors | 27/01/2023

    Banks would be able to sell stressed assets to special purpose entities that issue securitisation notes for investors to buy.

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    Enforcement

    SEBI Probes Nippon Mutual Fund, Yes Bank Transactions – Report

    By Editors | 20/01/2023

    SEBI is investigating whether investments in Yes Bank perpetual bonds were made as part of a special deal to benefit Ambani Group companies.

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    Capital / Liquidity

    RBI Tightens Rules on Ownership of Bank Shares

    By Mark Johnston | 17/01/2023

    The rules are intended to ensure control and ownership stay “well-diversified” and major shareholders are ‘fit and proper’.

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    Capital / Liquidity

    RBI Proposes to Adopt ECL Approach for Loan Provisioning

    By Manesh Samtani | 17/01/2023

    Indian banks currently still use the incurred loss model, which the RBI says delays NPA identification, loan reclassification, and provisioning.

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    AML / KYC

    Banks Can Perform Re-KYC Process Remotely, Says RBI

    By Editors | 10/01/2023

    If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.

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    ESG / Sustainability

    India to Issue First Sovereign Green Bonds on 25 January

    By Editors | 09/01/2023

    There will be no limit on overseas investment in the $1.9bn sovereign green bond issuance. Five percent of the sale will be reserved for retail investors.

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    Capital / Liquidity

    Indian Banks Can Withstand Even Severe Stress Conditions: RBI

    By Editors | 07/01/2023

    RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

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