All posts tagged "RBI"
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33IndiaRBI Opens RTGS, NEFT to Non-bank Payment System Providers
Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.
July 29, 2021 -
79Fintech / RegtechRBI Working Towards Phased Implementation of CBDC
Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.
July 26, 2021 -
61Capital RegulationIndian Banks Set to Apply for ‘Bad Bank’ Operating Licence
The bad bank will be 51% owned by public sector banks. The remaining shares will be owned by private sector lenders.
July 21, 2021 -
65IndiaAxis 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 -
66IndiaRBI Grants In-principle Approval for PMC Bank Takeover
The RBI has given Centrum Financial Services in-principle approval to set up a small finance bank to take over PMC Bank.
July 16, 2021 -
51Capital Regulation
RBI Proposes Changes to UCB Fundraising Norms
Primary UCBs can issue equity shares, perpetual or redeemable preference shares, perpetual debt instruments, and long-term subordinated bonds.
July 16, 2021 -
81EnforcementRBI Imposes Restrictions on Mastercard Over Data Storage
The action may hamper the ability of private banks to issue new cards to customers in the near term due to their exclusive tie-ups with Mastercard.
July 15, 2021 -
81India
RBI Issues Guidelines on Retail Access to Government Securities
Retail investors will be able to open an account directly with the central bank to gain access to primary issuance and secondary trading in government securities.
July 15, 2021 -
65Enforcement
RBI Penalises Fourteen Banks Over NBFC Lending
The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.
July 13, 2021 -
116India
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
