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Fintech / Regtech
RBI to Issue Regulatory Sandbox Guidelines Within 2 Months
By Editors | 26/03/2019
The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.
Capital / Liquidity
RBI Again Defers Banks’ Implementation of New Accounting Standards
By Editors | 25/03/2019
The RBI has again deferred ‘until further notice’ the implementation of new accounting rules for banks, which could have forced banks to raise bad loan provisions by $16bn in H2, said Fitch.
Capital / Liquidity
RBI Asks Banks to Boost Monitoring of End Use of Loan Funds
By Editors | 20/03/2019
Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.
Capital / Liquidity
RBI Releases Latest List of Indian D-SIBs
By Editors | 18/03/2019
SBI, ICICI Bank and HDFC Bank will remain India’s D-SIBs this year. The additional CET1 capital they need to hold will rise in April.
Enforcement
RBI Issues Finalised Guidelines on Market Abuse
By Editors | 18/03/2019
The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.
Enforcement
SWIFT Related Fines Imposed by RBI Total $10mn Across 36 Banks
By Editors | 11/03/2019
The number of banks fined by the RBI for failing to integrate their core banking systems with SWIFT has now risen to 36, with fines totaling $10.16mn.
Enforcement
UPDATED – RBI Fines Multiple Banks for SWIFT Integration Non-Compliance
By Editors | 05/03/2019
The penalties follow directions issued by the RBI in February 2018 requiring banks to link their core banking systems with the SWIFT network.
Securities / Derivatives
India Offers FPIs a New Route to Debt Markets
By Editors | 04/03/2019
While the RBI introduces a new scheme to encourage FPI participation in India’s debt markets, SEBI has tweaked valuation norms make debt funds more secure for investors.
Market Infrastructure
RBI Proposes Overhaul of Bank Executive Compensation Norms
By Editors | 28/02/2019
The proposals include a minimum 50% variable component, a compulsory deferral mechanism, and clawback provisions to ensure compensation reflects performance.
AML / KYC
RBI Extends KYC Compliance Deadline for e-Wallet Firms
By Editors | 27/02/2019
Following months of intense lobbying by e-wallet providers, the RBI has extended the deadline for completion of KYC processes by six months.
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