All posts tagged "RBI"
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141IndiaRBI to Make NEFT System Available 24×7
From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.
December 11, 2019 -
182IndiaRBI Relaxes Restriction on Foreign Exchange Hedging
Residents and non-residents will be allowed to undertake OTC currency derivative transactions up to $10mn without having to evidence underlying exposure.
December 10, 2019 -
309Capital Regulation
India Finalises ‘On-Tap’ Licensing Regime for Small Finance Banks
India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.
December 6, 2019 -
226IndiaIndia’s DHFL to Undergo NCLT Bankruptcy Proceedings
The National Company Law Tribunal has allowed the RBI to start insolvency proceedings against the troubled mortgage lender Dewan Housing Finance Limited under the new bankruptcy rules for financial firms.
December 3, 2019 -
161IndiaIndian Exchanges Issue New Framework for Listing Commercial Paper
The listing framework for commercial papers will lead to more transparency, a better disclosure regime and greater investor protection.
November 28, 2019 -
267IndiaSEBI Requires Listed Companies to Disclose Defaults Within 24 Hours
Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.
November 22, 2019 -
193Capital RegulationIndia to Increase Deposit Insurance Limit – Reports
India’s finance ministry plans to increase the deposit guarantee limit to protect consumers against bank failures.
November 20, 2019 -
267Capital RegulationMCA Releases Interim Rules for Handling NBFC Insolvency
The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.
November 20, 2019 -
1.1KAsia-PacificExploring APAC’s Emerging Data-Intensive Regulatory Environment
APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.
November 15, 2019 -
733Fintech / Regtech
RBI Invites First Sandbox Applicants to Test Retail Payments Products
Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.
November 9, 2019
