All posts tagged "RBI"
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174Asia-PacificLIBOR Phase-out, RFR Adoption: A Path Forward for Sri Lanka
The CBSL should play a more active role in facilitating the transition in Sri Lanka, says Lalinda Sugathadasa, Head of Research at ICRA Lanka.
April 12, 2021 -
95Fintech / RegtechRBI to Extend RTGS, NEFT Connectivity to Nonbanks
Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.
April 10, 2021 -
79FeatureRBI Formalises Quantitative Easing Programme
While the RBI has often purchased government securities, this is the first time it has committed to an amount upfront.
April 10, 2021 -
135Fintech / Regtech
RBI Orders MobiKwik to Investigate Alleged Data Breach
The RBI has asked the payments provider Mobikwik to carry out an immediate forensic audit following allegations of a data breach.
April 7, 2021 -
140EnforcementRBI Fines SBI For Noncompliant Commission Payments
State Bank of India violated rules prohibiting banks from paying remuneration in the form of commission or a share of profits.
March 19, 2021 -
155Capital Regulation
RBI Removes IDBI Bank from PCA Framework After Four Years
IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.
March 12, 2021 -
208Capital Regulation
RBI Mulls Tighter Limits on Bank Investment in Insurance Companies
An RBI working group has previously recommended limiting banks to a 20 percent stage in insurers, down from 50 percent currently.
March 6, 2021 -
142AML / KYCUK Court Clears Extradition of Nirav Modi to India
Indian diamond billionaire Nirav Modi has been a key suspect in the $2bn fraud at Punjab National Bank, which was first reported three years ago.
March 2, 2021 -
121IndiaRBI Eases Foreign Investor Access to Defaulted Bonds
The RBI says FPIs will be exempt from the residual maturity requirement, investment limit and investor limit when investing in defaulted corporate bonds.
March 2, 2021 -
105IndiaIndia Allows Private Banks to Conduct Government Business
Since 2012, payments for tax, pensions and other government business have largely been channelled through public sector banks.
March 1, 2021
