Reserve Bank of India

Conduct, Culture & Accountability

RBI Combines Ombudsman Schemes for Regulated Entities

By Sanday Chongo Kabange | 15/11/2021

The new scheme combines the existing ombudsman schemes for banks, NBFCs and payment system operators and centralises complaints filing and processing.

Trading & Investment

RBI Opens Direct Access to G-Secs Market for Retail Investors

By Editors | 14/11/2021

As of 2.30pm on Saturday, the new RBI Retail Direct Scheme had received over 12,000 registrations from retail investors, which was described as an “encouraging response”.

Data Privacy

RBI Lifts Diners Club Restrictions Citing ‘Satisfactory Compliance’

By Editors | 14/11/2021

Restrictions prohibiting Diners Club from onboarding new domestic customers have been lifted. Similar restrictions are still in place for Amex and Mastercard.

Trading & Investment

RBI Permits FPIs to Buy Debt Issued by REITs, InvITs

By Editors | 13/11/2021

The move will help REITs and InvITs to raise debt at competitive rates, boost institutional investor participation, and improve unit holders’ risk-adjusted returns.

Anti-Money Laundering

India Undergoes National Risk Assessment on ML/TF Risks

By Editors | 07/11/2021

Central agencies including the RBI have been tasked with evaluating sectors that are vulnerable to ML/TF risks. India’s mutual evaluation is expected to take place around May 2022.

Capital Adequacy

RBI Issues Revised PCA Framework for Weak Banks

By Editors | 03/11/2021

The profitability parameter has been removed in the revised PCA framework, which will also apply foreign banks operating in India through branches or subsidiaries.

Cryptocurrency

India No Longer Likely to Ban Cryptocurrencies – Report

By Ranamita Chakraborty | 29/10/2021

Finance ministry officials have reportedly said that a law for cryptocurrencies could as soon as February 2022, around the time of India’s next general Budget.

KYC & CDD

RBI Orders Banks to Report Data on Borrower Relationships

By Ranamita Chakraborty | 27/10/2021

The RBI said it has observed “a low level of relationship segment details” in the databases of credit information companies.

Capital Adequacy

RBI Extends Basel III Rules to All India Financial Institutions

By Ranamita Chakraborty | 26/10/2021

EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.