RESERVE BANK OF INDIA

RBI Permits Local Currency Trade Settlement with Maldives

By Nithya Subramanian | 20/03/2025

The use of local currencies in bilateral trade is expected to lower FX conversion costs and strengthen economic ties between India and the Maldives.

Fintech / Regtech

RBI Governor Raises Concerns Over Rising Consumer Complaints

By Nithya Subramanian | 20/03/2025

RBI Governor Sanjay Malhotra called on banks to strengthen their grievance redressal mechanisms, enhance digital fraud prevention and improve customer service standards.

Crypto / Digital Assets

Coinbase Secures Registration with India’s Financial Intelligence Unit

By Nithya Subramanian | 17/03/2025

Coinbase, which was forced to exit the Indian market in 2022, now plans to re-launch retail services later this year.

Enforcement

NSE Places IndusInd Bank Under Additional Surveillance

By Nithya Subramanian | 14/03/2025

IndusInd Bank is under heightened scrutiny after it disclosed accounting irregularities in its derivatives portfolio.

Fintech / Regtech

RBI Invites SRO Applicants for Account Aggregator Ecosystem

By Nithya Subramanian | 14/03/2025

The RBI released a framework setting out eligibility criteria, governance structures and responsibilities for the proposed SRO-AA.

Securities / Derivatives

RBI Expands Oversight of Offshore Interest Rate Derivatives

By Nithya Subramanian | 12/03/2025

RBI has asked lenders to expand reporting of offshore interest rate derivative trades with hopes of bringing more trades onshore.

Enforcement

India Probes Paytm Over Foreign Exchange Rule Violations

By Nithya Subramanian | 05/03/2025

The Enforcement Directorate said Paytm didn’t file the necessary reports with the RBI for foreign investment in Singapore, among other violations.

Enforcement

RBI Imposes Penalty on HSBC for Regulatory Violations

By Nithya Subramanian | 04/03/2025

The RBI said HSBC violated KYC norms, failed to report unhedged foreign currency exposures, and opened savings deposit accounts for ineligible entities.

Market Infrastructure

RBI Issues Final Guidelines for Forward Contracts in G-Secs

By Nithya Subramanian | 26/02/2025

Effective 2 May 2025, the guidelines establish a regulatory framework for forward contracts in the OTC market involving G-Secs.