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Enforcement
RBI Penalises HDFC Over Sale of Non-financial Products
By Editors | 02/06/2021
HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.
AML / KYC
2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies
By Sanday Chongo Kabange | 01/06/2021
The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.
Capital / Liquidity
RBI Warns Banks to Prepare for Higher Provisioning
By Manesh Samtani | 31/05/2021
Banks will need to closely monitor their asset quality in the coming quarters, the RBI said in its annual report.
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.
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