Reserve Bank of India

AI Risk & Governance

RBI Considers Developing Regulatory Framework for Fintechs

By Editors | 07/07/2023

Deputy governor T Rabi Sankar Sankar indicated the RBI is committed to ensuring the fintech industry is provided adequate space to grow.

Fraud, Scams & Cybercrime

India: Former Chair of Coop Bank Arrested on Fraud Allegations

By Sanday Chongo Kabange | 06/07/2023

India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.

Payments & Settlements

RBI to Require Card Issuers to Offer Network Optionality

By Sanday Chongo Kabange | 06/07/2023

Banks and other card issuers will have to provide options for customers to freely choose which card networks processes their payments.

Operational Risk

RBI Sets Capital Requirements for Operational Risk

By Ranamita Chakraborty | 04/07/2023

Commercial banks in India will be required to explain their policies, frameworks, and guidelines for managing operational risk.

Credit Risk

SEBI Issues Rules Requiring CRAs to Name Uncooperative Issuers

By Sanday Chongo Kabange | 03/07/2023

SEBI has issued new rules to address the growing number of issuers refusing to provide information to CRAs to properly assess their credit risk.

Cloud & Infrastructure

RBI Launches New Centralised Information Management System

By Sanday Chongo Kabange | 03/07/2023

The new system uplifts the RBI’s ability to handle large data flows, aggregate data, perform analysis, disseminate information to the public, and engage with reporting entities.

Conduct, Culture & Accountability

RBI Fines Credit Information Companies for Data Non-Compliance

By Ranamita Chakraborty | 28/06/2023

India’s central bank has taken collective action for the first time against all four credit information companies.

Cloud & Infrastructure

Philippines, India Agree to Collaborate on FinTech Regulation

By Ranamita Chakraborty | 21/06/2023

Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.

Trading & Investment

RBI Expands Scope of TReDS to Facilitate Access to Financing

By Ranamita Chakraborty | 14/06/2023

TReDs platforms, which enable MSMEs to obtain financing for trade receivables, will have a larger pool of financiers as well as an insurance facility.