All posts tagged "ICICI Bank"
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390IndiaIndia Designates IT Resources of ICICI, HDFC, NPCI “Protected Systems”
Unauthorised persons securing or attempting to secure access to protected systems can be jailed for up to ten years and liable for a fine.
June 22, 2022 -
681Capital / LiquidityRBI Publishes List of Indian D-SIBs for 2022
SBI, ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2020 list.
January 6, 2022 -
488Fintech / RegtechRBI Account Aggregator Framework Brings Open Banking to India
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021 -
408EnforcementIndian Police Arrest Karvy Stock Broking Founder for Fraud
The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.
August 26, 2021 -
331Feature
RBI Amends Guidelines to Facilitate LIBOR Transition
Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
August 8, 2021 -
321FeatureIndia Launches New Digital Payment Solution Nationwide
e-RUPI is a QR code or SMS string-based prepaid e-voucher that can be used for purchases without an app, card, bank account, or internet access.
August 5, 2021 -
241IndiaAxis Bank Announces First Derivative Transaction Linked to SOFR
SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.
July 17, 2021 -
378India
RBI Urges Banks to Stop Using LIBOR, MIFOR
FIs are asked to instead use 'any widely accepted ARR'. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.
July 11, 2021 -
273Enforcement105 More Charges Laid Against Hin Leong Founder
Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.
June 28, 2021 -
518Crypto / Digital AssetsRBI Asks Banks to Cut Ties With Cryptocurrency Exchanges
The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.
May 17, 2021
