Banks would be able to sell stressed assets to special purpose entities that issue securitisation notes for investors to buy.
January 27, 2023Several Tier 1 banks are participating in POCs to test the Universal Digital Payment Network (UDPN) for cross-border transfers and swaps.
January 27, 2023Financial industry associations say a ban on commissions paid to financial advisers for selling financial products would harm consumers.
January 25, 2023Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
January 24, 2023Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.
January 19, 2023The former CFO instructed subordinates to submit false financial statements to banks in Japan, South Korea, India and Taiwan to obtain trade financing.
January 18, 2023The rules are intended to ensure control and ownership stay "well-diversified" and major shareholders are 'fit and proper'.
January 18, 2023Indian banks currently still use the incurred loss model, which the RBI says delays NPA identification, loan reclassification, and provisioning.
January 17, 2023Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.
January 17, 2023Officials asked banks to align their credit policies with stability objectives, including to help improve cash flows and balance sheets at "high-quality" real estate firms.
January 13, 2023