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Credit Risk
RBI Asks Banks, NBFCs to Adopt New Classification Norms for MSMEs
By Editors | 03/07/2020
Banks and NBFCs have to classify enterprises as micro, small or medium based on new thresholds for turnover and investment in plant and machinery or equipment.
Structural Regulation
India Brings Cooperative Banks Under RBI Oversight
By Editors | 29/06/2020
Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.
Structural Regulation
RBI Issues Guidelines on Use of Digital Lending Platforms
By Editors | 26/06/2020
Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.
Capital Adequacy
RBI Unveils Regulatory Framework for Housing Finance Companies
By Editors | 19/06/2020
The new framework introduces enhanced capital and liquidity requirements for HFCs, and restrictions on intra-group exposures, among other changes.
Cryptocurrency
India Considers Next Steps to Regulate Cryptocurrency
By Editors | 17/06/2020
Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.
Fraud, Scams & Cybercrime
India Proposes to Decriminalise Bounced Cheques
By Editors | 15/06/2020
Currently in India, bounced cheques can carry a jail sentence of up to two years and a fine up to twice the value of the cheque, or both.
Structural Regulation
RBI Reassesses Ownership, Control, Governance at Private Sector Banks
By Editors | 15/06/2020
The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.
Payments & Settlements
RBI Updates Oversight Framework for FMIs, Retail Payment Systems
By Editors | 14/06/2020
The framework details the oversight objectives, supervisory processes and assessment methodology the RBI will apply to financial market infrastructures and retail payment systems.
Credit Risk
RBI Proposes New Norms for Loan Sales and Securitisations
By Editors | 09/06/2020
The draft frameworks will make it easier for banks and other lenders to remove loans from their books amid increasing asset quality and liquidity pressures.
Payments & Settlements
RBI Creates $66mn Fund to Boost E-Payments Infrastructure
By Editors | 07/06/2020
The RBI will initially contribute half of the funding; the rest will come from card-issuing banks and card networks, who will also cover operational expenses.
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