ADVERTISEMENT
Market Infrastructure
RBI Says Only Visa Complies With Data Localisation Rules
By Ranamita Chakraborty | 19/08/2021
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
Securities / Derivatives
RBI Loosens Restriction on Foreign Sovereign Bond Holdings
By Sanday Chongo Kabange | 19/08/2021
Foreign sovereign bonds will not count towards a regulatory cap on holdings of overseas listed securities, the RBI reportedly told some banks in a notice.
Market Infrastructure
RBI Launches New Index to Track Financial Inclusion Metrics
By Editors | 18/08/2021
The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.
RBI Issues Consultation on Overseas Investments Rules
By Editors | 11/08/2021
The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.
SEBI Allows Payments Banks to Perform Investment Bank Activities
By Ranamita Chakraborty | 10/08/2021
Payments banks will be able to accept application money, allotment or call money, and make payments of dividend or interest warrants.
Capital / Liquidity
India Progresses Key Deposit Insurance Reforms
By Editors | 09/08/2021
The reforms will enable customers to access their deposits within 90 days if a bank is unable to fulfill its obligations due to a moratorium.
Capital / Liquidity
RBI Extends Liquidity Facilities for Banks, NBFCs
By Editors | 09/08/2021
The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.
UPDATED – RBI Extends Deadline for Current Account Restrictions
By Editors | 09/08/2021
The extension is being provided to ensure customers are “not put to undue inconvenience during the implementation process”.
Market Infrastructure
RBI Amends Guidelines to Facilitate LIBOR Transition
By Manesh Samtani | 08/08/2021
Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
Market Infrastructure
RBI Issues Outsourcing Framework for Payment System Operators
By Sanday Chongo Kabange | 05/08/2021
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team