Reserve Bank of India

Structural Regulation

RBI Urges Banks to Stop Using LIBOR, MIFOR

By Manesh Samtani | 11/07/2021

FIs are asked to instead use ‘any widely accepted ARR’. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.

Operational Risk

RBI Issues New Guidelines on Outsourcing for Coop Banks

By Editors | 03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Capital Adequacy

RBI Issues New Dividend Distribution Guidelines for NBFCs

By Ranamita Chakraborty | 27/06/2021

The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC’s profits, depending upon the nature of the business.

Trading & Investment

SEBI Allows Mutual Funds to Trade IRS for Hedging

By Sanday Chongo Kabange | 22/06/2021

SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.

Operational Risk

RBI Requires HFCs to Enhance Internal Audit Systems

By Editors | 16/06/2021

All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

Trading & Investment

RBI Eases Reporting Burden for FPIs Trading in G-Secs

By Ranamita Chakraborty | 11/06/2021

FPIs will have up to three hours after the close of trading to report transactions in government securities on the NDS-OM platform.

Resolution & Recovery

RBI Adjusts Resolution Framework to Benefit More Borrowers

By Ranamita Chakraborty | 10/06/2021

More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India’s second Covid-19 wave.

Trading & Investment

RBI Issues Final Directions on Certificate of Deposit Issuance

By Ranamita Chakraborty | 09/06/2021

Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.

Conduct, Culture & Accountability

RBI Penalises HDFC Over Sale of Non-financial Products

By Editors | 02/06/2021

HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.