All posts tagged "RBI"
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338Fintech / RegtechRBI Issues Enabling Framework for Regulatory Sandbox
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019 -
281Capital RegulationRBI Props Up NBFCs Through On-Lending Guidance
Banks are mandated to lend a portion of their funds to priority sectors. Allowing NBFCs to serve as middlemen for such lending provides them a liquidity backstop.
August 14, 2019 -
370India
RBI Task Force Suggests Enhancements to Onshore Rupee Market
The task force recommends implementation of margin requirements for non-centrally cleared OTC derivatives “at the earliest”.
August 10, 2019 -
486Capital Regulation
RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs
The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.
August 9, 2019 -
199India
RBI Tightens Criteria for Board Appointments at State Banks
The revised criteria for determining the 'fit and proper' status of proposed candidates include age, education, experience, and track record, among other criteria.
August 5, 2019 -
259Capital Regulation
RBI Eases Rules on Overseas Borrowing for NBFCs
NBFCs can use overseas borrowings to fund working capital, repay rupee loans, and on-lend to domestic customers. Banks can also sell distressed loans to eligible overseas lenders.
August 1, 2019 -
677FeatureIndia Enables Consent-Based Financial Data Sharing
Four years of collaboration between India's major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.
July 26, 2019 -
566Capital Regulation
RBI Urges Better Risk Monitoring, Faster NPA Resolution at State Banks
RBI governor Shaktikanta Das asked state-owned banks to speed up bad debt recovery efforts, strengthen internal controls and risk monitoring, and help fix the ongoing NBFC liquidity crisis.
July 23, 2019 -
508IndiaSEBI Proposes Additional Requirements for Resigning Auditors
Under the proposal, auditors will be required to finalise their audit reports and make detailed disclosures regarding their reasons for resignation from listed companies.
July 22, 2019 -
336Capital Regulation
SEBI Tightens NPA Disclosure Requirements for Listed Banks
Listed banks will have to make disclosures if the additional provisioning for NPAs assessed by RBI exceeds 10% of reported profit, compared to 15% previously.
July 22, 2019
