Reserve Bank of India

    Securities / Derivatives

    RBI Eases Foreign Investor Access to Defaulted Bonds

    By Editors | 01/03/2021

    The RBI says FPIs will be exempt from the residual maturity requirement, investment limit and investor limit when investing in defaulted corporate bonds.

    India Allows Private Banks to Conduct Government Business

    By Editors | 28/02/2021

    Since 2012, payments for tax, pensions and other government business have largely been channelled through public sector banks.

    Capital / Liquidity

    RBI Exempts Foreign Sovereign Exposure from LEX Framework

    By Editors | 27/02/2021

    Exposures to foreign sovereigns or their central banks that are subject to a zero percent risk weight will be exempted from the large exposures framework.

    Capital / Liquidity

    RBI Issues New Regulatory Framework for Housing Finance Companies

    By Ranamita Chakraborty | 24/02/2021

    Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.

    DBS Faces Legal Challenge Following Takeover of Indian Bank

    By Ranamita Chakraborty | 23/02/2021

    DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.

    Fintech / Regtech

    RBI Enhances Security Requirements for Digital Payment Apps

    By Editors | 21/02/2021

    The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.

    Market Infrastructure

    RBI Formally Permits India Residents to Invest in GIFT City

    By Ranamita Chakraborty | 17/02/2021

    Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.

    Securities / Derivatives

    RBI Allows Banks to Post Margin Onshore for Offshore Clients

    By Editors | 17/02/2021

    AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.

    Securities / Derivatives

    RBI Issues Draft Guidelines to Open Up CDS Market

    By Manesh Samtani | 16/02/2021

    Under the guidelines, retail users will be allowed to buy permitted credit derivatives for hedging purposes, whereas non-retail can do so for any purpose.

    Capital / Liquidity

    RBI Establishes Expert Committee to Enhance UCB Resilience

    By Editors | 16/02/2021

    The committee will take stock of existing regulatory measures and their impacts and recommend other suitable measures to strengthen the sector.

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