Reserve Bank of India

Supervision & Enforcement

RBI Launches DAKSH, a New Supervisory Monitoring System

By Editors | 11/10/2022

The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.

CBDCs

RBI Set to Commence Limited Pilot Launch of CBDC

By Editors | 09/10/2022

To avoid the disintermediation of banks, which would impede credit creation, the RBI suggested the CBDC would likely be non-interest bearing.

Conduct, Culture & Accountability

RBI Directs CICs to Appoint Internal Ombudsman by April 2023

By Editors | 08/10/2022

Clients of regulated entities will have a free alternative dispute resolution for grievances against credit information companies.

Emerging Prudential Risks

RBI Categorises 16 Large NBFCs in Upper Layer

By Editors | 04/10/2022

The NBFCs are directed to put in place a board approved policy for adoption of the RBI’s enhanced regulatory framework for NBFCs within 24 months.

Clearing & Post-Trade

India’s CCIL Proposes to Create Infrastructure for UMR Compliance

By Manesh Samtani | 28/09/2022

CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.

Conduct, Culture & Accountability

RBI Issues New Standards for Compliance Function of UCBs

By Editors | 25/09/2022

Tier 4 UCBs and tier 3 urban cooperative banks are directed to appoint a chief compliance officer by 1 April 2023 and 1 October 2023, respectively.

Payments & Settlements

India Launches Three New Digital Payments Initiatives

By Editors | 24/09/2022

The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.

Capital Adequacy

RBI Removes Restrictions on Central Bank of India

By Editors | 21/09/2022

The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.

Trading & Investment

RBI Warns Against Use of Unauthorised FX Platforms

By Editors | 12/09/2022

The RBI lists 34 FX trading platforms it says are not authorised to operate in India. The list include FXCM, XTB, TD Ameritrade, eToro, and IG Markets.