Reserve Bank of India

Securities / Derivatives

Indian Exchanges Enable Retail Investment in Gov’t Securities

By Editors | 27/04/2018

BSE and NSE have launched online platforms for retail investors to participate in weekly RBI auctions for government securities and treasury bills.

AML / KYC

RBI Updates KYC Guidance to Include Aadhar, Taxpayer Numbers

By Editors | 25/04/2018

Accounts opened without new documentary requirements will have severe restrictions in place including a INR50,000 maximum balance and monitoring to prevent foreign transactions.

Capital / Liquidity

RBI Urges Lenders to Monitor Borrowers for Early Signs of Stress

By Editors | 24/04/2018

Central bank deputy governor says banks see non-payment as “on par” despite loan resolution framework; poor credit culture must change.

Capital / Liquidity

Indian Banks Face “Serious Governance and Risk Issues” – S&P

By Garima Chitkara | 16/04/2018

In light of recent NPA and governance issues at large private banks in India, S&P says Indian banks need an overhaul to enhance risk culture and governance.

Capital / Liquidity

RBI Fines IDBI Bank for Bad Loan Provisioning Failures

By Garima Chitkara | 13/04/2018

RBI fines state-owned lender IDBI Bank INR30 million for non-compliance with bad loan recognition and provisioning norms; ruling will not have a material impact on the bank, said IDBI.

Market Infrastructure

India Defers Bank Adoption of New Accounting Standard One Year

By Garima Chitkara | 09/04/2018

RBI defers banks’ adoption of the Indian version of IFRS by one year; banks deemed unprepared for migration, government is yet to make necessary legislative amendments.

Market Infrastructure

India Directs Payment Firms to Store User Data Onshore

By Garima Chitkara | 09/04/2018

Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.

Crypto / Digital Assets

India Bars Banks from Cryptocurrency Dealings

By Manesh Samtani | 07/04/2018

Reports suggest banks will have three months to comply; central bank meanwhile explores feasibility of state-backed digital currency.

Securities / Derivatives

Indian Banks Can Spread Bond Losses Over Four Quarters

By Garima Chitkara | 05/04/2018

Banks to get a breather from taking immediate losses on rising government yields, as provisioning on NPLs have put pressure on profitability across the industry.