All posts tagged "RBI"
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352Capital RegulationRBI to Step Up Monitoring of Shadow Banking Sector
Governor Shaktikanta Das says the RBI will increase its monitoring of NBFCs and issue final liquidity risk management rules for the sector "soon".
June 11, 2019 -
390India
RBI to Roll Out Retail FX Trading Platform in August
The new trading platform is expected to improve pricing by unifying the existing fragmented market structure.
June 10, 2019 -
357Capital RegulationUPDATED – RBI Issues New Framework for Stressed Asset Resolution
The new norms replace the February 2018 rules on the resolution of stressed assets that were struck down by the Supreme Court earlier this year.
June 10, 2019 -
374India
UPDATED – RBI Removes RTGS, NEFT Fund Transfer Fees
Industry players and banking experts say the move will not only boost digital payments, but also make transactions faster, safer and cost-effective.
June 7, 2019 -
297India
RBI Publishes Payment Systems Benchmarking Report
Further efforts are needed to reduce paper clearing and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.
June 7, 2019 -
522Enforcement
UPDATED – RBI Bans EY Member Firm from Auditing Banks
Reports indicate the RBI had found large discrepancies in bad debt reported by banks for the 2015-2016 period, particularly in the cases of Axis Bank and YES Bank.
June 5, 2019 -
400Capital Regulation
RBI Amends Large Exposures Framework for Banks
The modified framework excludes all entities connected with the sovereign from definition of group of connected counterparties, such as exposures to or guaranteed by government.
June 4, 2019 -
344AML / KYC
RBI Allows Banks to Use Aadhaar for KYC
The RBI will allow banks to use Aadhaar to authenticate and verify customer identities, provided customer consent is obtained.
May 31, 2019 -
217Fintech / RegtechSEBI Floats Discussion Paper on Sandbox for Regulated Entities
Under the proposed framework, entities regulated by SEBI will be granted certain facilities and flexibilities to experiment with innovative solutions in a live environment and on real customers.
May 30, 2019 -
325India
India Opens Voluntary Retention Route for FPIs
The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.
May 28, 2019
