The rules call on banks that lend online to improve their services, risk management and data management capabilities.
July 22, 2022Banks are directed to expand lending to SMEs amid concerns that China could struggle to record positive growth in the current quarter.
May 27, 2022The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.
May 23, 2022Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.
April 12, 2022The 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, 2021Monetary penalties have increased from PHP 30,000 to a maximum PHP 1 million for each violation. Fines up to three times profit gained or loss avoided can also be imposed.
September 14, 2021Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
August 23, 2021The SME Automation and Digitalisation Facility, launched in March to help SMEs automate processes and digitalise operations, has more than tripled in size.
March 19, 2021Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.
December 7, 2020The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020