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Capital / Liquidity
RBI Issues New Regulatory Framework for Housing Finance Companies
By Ranamita Chakraborty | 24/02/2021
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
DBS Faces Legal Challenge Following Takeover of Indian Bank
By Ranamita Chakraborty | 23/02/2021
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
Fintech / Regtech
RBI Enhances Security Requirements for Digital Payment Apps
By Editors | 21/02/2021
The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.
Market Infrastructure
RBI Formally Permits India Residents to Invest in GIFT City
By Ranamita Chakraborty | 17/02/2021
Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.
Securities / Derivatives
RBI Allows Banks to Post Margin Onshore for Offshore Clients
By Editors | 17/02/2021
AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.
Securities / Derivatives
RBI Issues Draft Guidelines to Open Up CDS Market
By Manesh Samtani | 16/02/2021
Under the guidelines, retail users will be allowed to buy permitted credit derivatives for hedging purposes, whereas non-retail can do so for any purpose.
Capital / Liquidity
RBI Establishes Expert Committee to Enhance UCB Resilience
By Editors | 16/02/2021
The committee will take stock of existing regulatory measures and their impacts and recommend other suitable measures to strengthen the sector.
AML / KYC
RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions
By Editors | 15/02/2021
Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.
Capital / Liquidity
RBI Extends Liquidity Support Measures for Financial Sector
By Editors | 10/02/2021
The RBI has deferred implementation of the NSFR and the final tranche of the CCB, while also extending a number of other liquidity-boosting initiatives.
Securities / Derivatives
RBI Allows Indian Residents to Open GIFT City Accounts
By Editors | 09/02/2021
Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.
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