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Capital / Liquidity
RBI Announces Support Measures for Second Covid Wave
By Editors | 05/05/2021
The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.
RBI to Require Banks, NBFCs to Seek Annual Auditor Approval
By Editors | 03/05/2021
Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.
ESG / Sustainability
RBI Joins Network for Greening the Financial System
By Editors | 29/04/2021
The RBI expects to benefit from the membership of NGFS by learning from and contributing to global efforts on green finance.
RBI Issues New Rules for Senior Bank Executives, Board Members
By Editors | 29/04/2021
Banks will have until 1 October 2021 to comply with new rules capping the tenure of top executives at 15 years.
Enforcement
RBI Restricts Amex, Diners Club for Data Storage Violations
By Editors | 26/04/2021
American Express and Diners Club were found to be non-compliant with the RBI’s 2018 directions requiring payment system data to be stored onshore.
Capital / Liquidity
RBI Lifts Bank Dividend Ban, Subject to New Limit
By Editors | 25/04/2021
Banks will be limited to paying only 50% of the amount prescribed in a 2005 circular, which already caps dividends at a 40% payout ratio.
RBI to Review Efficacy of Regulatory Framework for ARCs
By Editors | 21/04/2021
The RBI has set up an expert panel that will review the role of asset reconstruction companies in the resolution of stressed assets.
Enforcement
SEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds
By Editors | 13/04/2021
SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.
Market Infrastructure
LIBOR Phase-out, RFR Adoption: A Path Forward for Sri Lanka
By Lalinda Sugathadasa | 11/04/2021
The CBSL should play a more active role in facilitating the transition in Sri Lanka, says Lalinda Sugathadasa, Head of Research at ICRA Lanka.
Fintech / Regtech
RBI to Extend RTGS, NEFT Connectivity to Nonbanks
By Editors | 10/04/2021
Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.
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