Reserve Bank of India

KYC & CDD

RBI Orders Paytm Payments Bank to Stop Onboarding Clients

By Editors | 19/03/2022

The bank reportedly violated rules by allowing data to flow to servers overseas and did not properly verify thousands of customers.

Cloud & Infrastructure

RBI Lifts Restrictions on Digital Product Launches at HDFC

By Editors | 16/03/2022

The restrictions were imposed in 2020 in response to multiple digital outages that impacted customers. HDFC is India’s largest private bank.

Payments & Settlements

RBI Launches New Services to Drive Digital Payments Adoption

By Editors | 15/03/2022

UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.

Cloud & Infrastructure

RBI Directs Selected NBFCs to Centralise Core Systems

By Sanday Chongo Kabange | 28/02/2022

Middle and upper layer NBFCs with ten or more places of operation will be required to implement a core financial services solution by 30 September 2025.

Credit Risk

RBI Extends Deadline for New NBFC Asset Classification Norms

By Mark Johnston | 22/02/2022

The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.

Structural Regulation

RBI to Consolidate Reg Reporting Requirements in Single View

By Editors | 21/02/2022

The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.

Trading & Investment

RBI Allows Banks to Deal in Foreign Currency Settled OIS

By Editors | 15/02/2022

AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.

Trading & Investment

RBI Finalises Master Directions for Credit Derivatives Market

By Manesh Samtani | 14/02/2022

The revised directions are aimed at helping to develop more liquidity in the corporate bond market, especially for the bonds of lower-rated issuers.

Trading & Investment

RBI Raises Cap on FPI Investment in Debt Securities

By Editors | 11/02/2022

The INR 1.5 trillion limit on FPI investment via the ‘Voluntary Retention Route’ has been nearly exhausted. The new INR 2.5 trillion limit takes effect on 1 April.