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Payments & Settlements
RBI Directs All Banks to Enable Cardless ATM Withdrawals
By Editors | 26/05/2022
The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.
Conduct, Culture & Accountability
RBI to Review Customer Service Standards, Regulations
By Editors | 24/05/2022
The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.
Structural Regulation
RBI Assesses Six Applicants Unsuitable for Banks Licensing
By Editors | 22/05/2022
RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]
Structural Regulation
RBI Says Banks Can Continue to Label NBFC Loans as PSL
By Editors | 19/05/2022
Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.
Conduct, Culture & Accountability
RBI Issues Guidance for NBFCs on Senior Manager Remuneration
By Editors | 07/05/2022
NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.
Liquidity Risk
RBI Surprises Market with Interest Rate Hike
By Editors | 06/05/2022
The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.
Cybersecurity
India: CERT-In Includes Crypto Firms in New Directions
By Manesh Samtani | 03/05/2022
The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.
Liquidity Risk
RBI Updates LCR Guidance for Commercial Banks
By Editors | 30/04/2022
Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.
Structural Regulation
RBI Expands LEI Requirements for Corporate Borrowers
By Manesh Samtani | 26/04/2022
The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.
Capital Adequacy
RBI Eases Capital Raising Restrictions for Rural Coop Banks
By Editors | 24/04/2022
Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.
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