Reserve Bank of India

Capital / Liquidity

RBI Loosens Rules on Bank Management of Overseas Units

By Manesh Samtani | 13/12/2021

The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.

Capital / Liquidity

RBI to Update Rules on Ownership of Private Sector Banks

By Editors | 01/12/2021

Promoters will be able to increase their long-run stakes in private sector banks from 15 to 26 percent. The capital requirement for a universal bank licence will be doubled.

Capital / Liquidity

RBI Imposes Restrictions on Urban Cooperative Bank

By Editors | 30/11/2021

Malkapur Urban Bank will continue to have the business and operational restrictions in place until its financial position improves.

Capital / Liquidity

RBI Proposes Scheme to Rescue PMC Bank Depositors

By Editors | 25/11/2021

PMC Bank will be merged into Unity Small Finance Bank, which was set up on 1 November by financial services conglomerate Centrum Group and fintech firm Bharatpe.

Fintech / Regtech

RBI Panel Suggests Increasing Regulation for Digital Lenders

By Sanday Chongo Kabange | 22/11/2021

The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.

RBI Mandates Designation of Internal Ombudsman at NBFCs

By Sanday Chongo Kabange | 19/11/2021

NBFCs with 10 or more branches and with asset size of INR 50 billion have six months to appoint an internal ombudsman in charge of grievance redressal.

Capital / Liquidity

RBI Seeks Industry Alignment of Loan Classification Norms

By Editors | 18/11/2021

The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.

Market Infrastructure

RBI Combines Ombudsman Schemes for Regulated Entities

By Sanday Chongo Kabange | 15/11/2021

The new scheme combines the existing ombudsman schemes for banks, NBFCs and payment system operators and centralises complaints filing and processing.

Securities / Derivatives

RBI Opens Direct Access to G-Secs Market for Retail Investors

By Editors | 14/11/2021

As of 2.30pm on Saturday, the new RBI Retail Direct Scheme had received over 12,000 registrations from retail investors, which was described as an “encouraging response”.