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Enforcement
SEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds
By Editors | 13/04/2021
SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.
Market Infrastructure
LIBOR Phase-out, RFR Adoption: A Path Forward for Sri Lanka
By Lalinda Sugathadasa | 11/04/2021
The CBSL should play a more active role in facilitating the transition in Sri Lanka, says Lalinda Sugathadasa, Head of Research at ICRA Lanka.
Fintech / Regtech
RBI to Extend RTGS, NEFT Connectivity to Nonbanks
By Editors | 10/04/2021
Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.
Securities / Derivatives
RBI Formalises Quantitative Easing Programme
By Editors | 10/04/2021
While the RBI has often purchased government securities, this is the first time it has committed to an amount upfront.
Fintech / Regtech
RBI Orders MobiKwik to Investigate Alleged Data Breach
By Ranamita Chakraborty | 07/04/2021
The RBI has asked the payments provider Mobikwik to carry out an immediate forensic audit following allegations of a data breach.
Enforcement
RBI Fines SBI For Noncompliant Commission Payments
By Editors | 18/03/2021
State Bank of India violated rules prohibiting banks from paying remuneration in the form of commission or a share of profits.
AML / KYC
SEBI Rolls Out KYC Registry Extension to Legal Entities
By Editors | 13/03/2021
Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.
Capital / Liquidity
RBI Removes IDBI Bank from PCA Framework After Four Years
By Sanday Chongo Kabange | 11/03/2021
IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.
Capital / Liquidity
RBI Mulls Tighter Limits on Bank Investment in Insurance Companies
By Ranamita Chakraborty | 06/03/2021
An RBI working group has previously recommended limiting banks to a 20 percent stage in insurers, down from 50 percent currently.
AML / KYC
UK Court Clears Extradition of Nirav Modi to India
By Ranamita Chakraborty | 02/03/2021
Indian diamond billionaire Nirav Modi has been a key suspect in the $2bn fraud at Punjab National Bank, which was first reported three years ago.
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