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Securities / Derivatives
RBI to Enable Settlement of G-secs through ICSDs
By Editors | 04/09/2021
The move will enhance access for non-resident investors and facilitate the inclusion of Indian G-secs in global bond indices.
Fintech / Regtech
RBI Halts Plan to Allow New Umbrella Entities in Retail Payments
By Editors | 01/09/2021
The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India’s data localisation rules.
Fintech / Regtech
India Targets December for CBDC Pilot Testing
By Sanday Chongo Kabange | 31/08/2021
RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.
Capital / Liquidity
RBI Panel Proposes New Regulatory Framework For UCBs
By Sanday Chongo Kabange | 26/08/2021
The RBI panel recommends a four-tier structure for regulating UCBs, and the establishment of an umbrella organisation to oversee them.
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.
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