Reserve Bank of India

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    KYC & CDD

    Banks Can Perform Re-KYC Process Remotely, Says RBI

    By Editors | 10/01/2023

    If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.

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    Sustainable Finance

    India to Issue First Sovereign Green Bonds on 25 January

    By Editors | 09/01/2023

    There will be no limit on overseas investment in the $1.9bn sovereign green bond issuance. Five percent of the sale will be reserved for retail investors.

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    Credit Risk

    Indian Banks Can Withstand Even Severe Stress Conditions: RBI

    By Editors | 07/01/2023

    RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

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    Clearing & Post-Trade

    RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

    By Mark Johnston | 05/01/2023

    The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

    Sustainable Finance

    RBI Official Calls for Structural Changes to Scale Up Green Finance

    By Editors | 27/12/2022

    Deputy governor M Rajeshwar Rao said a formal definition of green finance and a taxonomy are needed, along with a robust ecosystem for third-party verification and assurance.

    Operational Risk

    RBI Directs Banks to Improve Financial Statement Disclosures

    By Editors | 22/12/2022

    The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.

    Trading & Investment

    RBI Lifts Restrictions on Offshore Rupee Trades by Banks

    By Editors | 17/12/2022

    Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

    Trading & Investment

    RBI Allows Resident Entities to Hedge Gold Exposures from GIFT City

    By Editors | 12/12/2022

    To date, resistant entities in India have not been permitted to hedge their gold price exposures in overseas markets.

    Credit Risk

    RBI Tightens Rules on Loan Securitisations

    By Editors | 10/12/2022

    Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

    Trading & Investment

    RBI Restores Pre-pandemic Market Hours for Certain Markets

    By Editors | 09/12/2022

    Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.

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