ADVERTISEMENT
Market Infrastructure
RBI Enables Private Banks to Conduct Government Business
By Editors | 18/05/2021
Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.
Crypto / Digital Assets
RBI Asks Banks to Cut Ties With Cryptocurrency Exchanges
By Sanday Chongo Kabange | 17/05/2021
The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.
Market Infrastructure
RBI to Review Supervisory Process for Banks, UCB, NBFCs
By Ranamita Chakraborty | 12/05/2021
Firms are invited to help the RBI review its supervisory processes for the banking sector and the supervisory ratings models used for UCBs and NBFCs.
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.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team