Reserve Bank of India

    CBDCs

    India Targets December for CBDC Pilot Testing

    By Sanday Chongo Kabange | 31/08/2021

    RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.

    Capital Adequacy

    RBI Panel Proposes New Regulatory Framework For UCBs

    By Sanday Chongo Kabange | 26/08/2021

    The RBI panel recommends a four-tier structure for regulating UCBs, and the establishment of an umbrella organisation to oversee them.

    Data Privacy

    RBI Says Only Visa Complies With Data Localisation Rules

    By Ranamita Chakraborty | 19/08/2021

    Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.

    Liquidity Risk

    RBI Loosens Restriction on Foreign Sovereign Bond Holdings

    By Sanday Chongo Kabange | 19/08/2021

    Foreign sovereign bonds will not count towards a regulatory cap on holdings of overseas listed securities, the RBI reportedly told some banks in a notice.

    Structural Regulation

    RBI Launches New Index to Track Financial Inclusion Metrics

    By Editors | 18/08/2021

    The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.

    Structural Regulation

    RBI Issues Consultation on Overseas Investments Rules

    By Editors | 11/08/2021

    The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.

    Payments & Settlements

    SEBI Allows Payments Banks to Perform Investment Bank Activities

    By Ranamita Chakraborty | 10/08/2021

    Payments banks will be able to accept application money, allotment or call money, and make payments of dividend or interest warrants.

    Resolution & Recovery

    India Progresses Key Deposit Insurance Reforms

    By Editors | 09/08/2021

    The reforms will enable customers to access their deposits within 90 days if a bank is unable to fulfill its obligations due to a moratorium.

    Liquidity Risk

    RBI Extends Liquidity Facilities for Banks, NBFCs

    By Editors | 09/08/2021

    The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.

    Credit Risk

    UPDATED – RBI Extends Deadline for Current Account Restrictions

    By Editors | 09/08/2021

    The extension is being provided to ensure customers are “not put to undue inconvenience during the implementation process”.

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