The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.
November 1, 2021The prudential standard for IRRBB will now take effect from 1 January 2024. The FRTB and CVA risk frameworks will take effect from 1 January 2025.
October 28, 2021The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
October 22, 202119 systemically important banks are named: the 6 big state-owned banks, 9 joint-stock banks and 4 municipal commercial banks.
October 18, 2021Banks have six months to enable capabilities to generate XML reports and ensure appropriate personnel is in place.
October 14, 2021The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.
September 25, 2021MAS seeks feedback on draft provisions in Notice 637 relating to market risk capital and capital reporting requirements.
September 15, 2021UCO Bank is no longer in breach of the PCA parameters based on its latest results. Only Indian Overseas Bank and Central Bank of India remain under the PCA framework.
September 13, 2021Eleven banks, including seven that are state-owned, are asked to explain how they plan to address capital shortfalls.
September 13, 2021KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.
September 9, 2021