All posts tagged "RBI"
-
56IndiaRBI Orders Banks to Report Data on Borrower Relationships
The RBI said it has observed "a low level of relationship segment details" in the databases of credit information companies.
October 27, 2021 -
88Capital Regulation
RBI Extends Basel III Rules to All India Financial Institutions
EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.
October 26, 2021 -
168AML / KYCIndia, US Pledge to Take Stronger Action Against Financial Crime
Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
October 20, 2021 -
115EnforcementRBI Penalised StanChart, SBI for Regulatory Violations
The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.
October 19, 2021 -
182AML / KYC
RBI to Allow Foreign Banks to Store Limited Data Overseas
Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.
October 14, 2021 -
167Fintech / Regtech
RBI Announces Fraud Theme for Fourth Sandbox Cohort
The RBI said ‘prevention and mitigation of financial frauds’ will be the theme for the fourth regulatory sandbox cohort.
October 12, 2021 -
146IndiaUPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs
Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.
October 7, 2021 -
327Capital RegulationRBI Removes Indian Overseas Bank From PCA Framework
The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.
October 4, 2021 -
233Capital Regulation
RBI Finalises Guidelines on Loan Sales, Securitisation
The new master directions will help develop India's securitisation market and help lenders remove loan exposures from their books.
October 1, 2021 -
182India
RBI Amends FX Rules for Exports to Facilitate LIBOR Transition
Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.
September 29, 2021
