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Enforcement
RBI Lifts Business Restrictions on Kotak Mahindra Bank
By Nithya Subramanian | 18/02/2025
The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.
Crypto / Digital Assets
Coinbase Discussing Market Re-entry With Indian Regulators
By Nithya Subramanian | 17/02/2025
Coinbase initially entered the Indian market in 2022 but was later forced to suspend operations.
Capital / Liquidity
India: SFBs Permitted to Link Pre-Approved Credit Lines to UPI
By Mark Johnston | 12/02/2025
Small finance banks now permitted to use pre-approved credit lines to fund UPI transactions, subject to customer consent.
Market Infrastructure
RBI Allows SEBI-registered Non-bank Brokers Access to NDS-OM
By Nithya Subramanian | 12/02/2025
Non-bank brokers can directly access NDS-OM on behalf of clients. This is expected to enhance retail trading of G-Secs.
Fintech / Regtech
RBI to Boost Security of Cross-border CNP Transactions
By Nithya Subramanian | 11/02/2025
The RBI proposes to require an additional factor of authentication for card-not-present transactions initiated by overseas merchants or acquirers
Market Infrastructure
RBI to Review Trading, Settlement Timings of Financial Markets
By Editors | 10/02/2025
A working group will review trading and settlement timings for RBI-regulated financial markets such as interest rate and FX markets.
Capital / Liquidity
RBI Cuts Interest Rates and Defers New Banking Rules
By Manesh Samtani | 08/02/2025
The interest rate cut is the first in nearly five years. Implementation of three major banking regulations will be deferred.
Crypto / Digital Assets
MobiKwik, Cred Become First Non-Banks to Offer CBDCs in India
By Nithya Subramanian | 05/02/2025
The e-rupee wallets allow users to send funds to and receive funds from other e-rupee wallets as well as regular bank accounts using UPI.
Fintech / Regtech
RBI Tightens Penalties Framework for Payment System Offences
By Nithya Subramanian | 01/02/2025
The framework includes monetary penalties and compounding offences to tighten compliance in the digital payments sector.
Capital / Liquidity
RBI Announces Largest Liquidity Injection Since Pandemic
By Manesh Samtani | 31/01/2025
The new measures are aimed at addressing a INR 3 trillion liquidity shortfall caused by the RBI’s own intervention in the FX markets
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