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Structural Regulation
India: Fees, Charges Payable to SEBI Now Subject to 18pc GST
By Editors | 26/07/2022
Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.
Liquidity Risk
RBI Imposes Restrictions on Two Cooperative Banks
By Editors | 24/07/2022
The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.
Capital Adequacy
RBI Adopts Four Tier Regulatory Framework for UCBs
By Editors | 24/07/2022
A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.
Payments & Settlements
India, Indonesia to Work Towards Establishing Payment Linkages
By Editors | 20/07/2022
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
Payments & Settlements
RBI Grants First In-Principle Approvals for Payment Aggregator Licence
By Editors | 17/07/2022
Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.
PEPs & Sanctions
Why India Does Not Use Sanctions
By Mathew Chemplayil | 12/07/2022
India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.
Payments & Settlements
India Enables Rupee Settlement Mechanism for International Trades
By Editors | 12/07/2022
The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.
Liquidity Risk
RBI Announces Measures to Cushion Falling Rupee
By Editors | 09/07/2022
The RBI has exempted FPIs from a cap on investments in government securities and corporate bonds. FPIs can also buy short-duration corporate debt.
Cloud & Infrastructure
RBI Issues Draft Rules on Managing IT Outsourcing Risks
By Sanday Chongo Kabange | 28/06/2022
Regulated entities don’t require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
Credit Risk
RBI to Require Banks to Use ECL Approach in Provisioning
By Editors | 28/06/2022
Banks were initially due to use the ECL approach to estimate and provision for credit losses from 1 April 2018, but the RBI had deferred implementation.
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