Reserve Bank of India

Fintech / Regtech

Singapore, India Establish Joint Working Group on FinTech

By Karen Chiu | 06/06/2018

Joint working group to foster closer fintech cooperation, including through real-time cross border fund transfers and links between payment system operators.

Capital / Liquidity

India Bank Employees Challenge RBI Loan Provisioning Norms

By Garima Chitkara | 04/06/2018

Organisation representing bank employees filed a writ against RBI February circular on provisioning norms which has resulted in heavy losses at public sector banks

Market Infrastructure

Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden

By Swati Kothari | 30/05/2018

MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.

Securities / Derivatives

India’s BSE to Launch Corporate Debt Repos

By Garima Chitkara | 28/05/2018

BSE received approval from RBI and SEBI to trade repos on corporate debt securities, a move expected to deepen corporate debt market.

AML / KYC

India’s Supreme Court to Hear All Crypto Related Cases

By Manesh Samtani | 25/05/2018

Several petitions received by courts challenging constitutional validity of RBI order barring banks from crypto dealings; next Supreme Court hearing scheduled for 20 July.

Capital / Liquidity

RBI Mandates 100pc NSFR for Banks

By Garima Chitkara | 21/05/2018

The Indian central bank finalised its liquidity guidelines for banks requiring a 100% Net Stable Funding Ratio, in line with Basel III rules.

Securities / Derivatives

New SEBI Committee to Rework FPI Rules

By Garima Chitkara | 16/05/2018

New committee to rationalise foreign investment rules and remove ambiguities and gaps in the FPI regime while keeping the broad framework intact.

Capital / Liquidity

UPDATED – RBI Freezes Lending, Hiring at Indian Banks Amid Rising NPAs

By Garima Chitkara | 14/05/2018

Central bank imposes lending and hiring freeze on Dena Bank, a public sector bank that reported a four-fold increase in gross NPAs and negative ROA for the quarter ending March 2018.

Securities / Derivatives

India Lifts Ban on Foreign Investments in T-bills

By Garima Chitkara | 04/05/2018

Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.