All posts tagged "RBI"
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1.2KFintech / RegtechIndia Contemplates Law Banning Cryptocurrency Trading
The government will still encourage blockchain, and is exploring its use to manage land records, pharmaceutical supply chains and educational records.
September 17, 2020 -
588FeatureIndia to Introduce New Interest Rate Derivatives Products
The new products will be accessible to FPIs as well as non-residents transacting with Indian market makers through intermediaries.
September 17, 2020 -
640Capital RegulationRBI Orders Banks to Automate Asset Classification, Provisioning
The RBI has given banks until 30 June 2021 to upgrade their systems to automate all asset classification, provisioning calculation and income recognition processes.
September 16, 2020 -
1.1KIndia
RBI Sets Out Guidelines on Bank Compliance Function
The guidelines are aimed at ensuring a uniform approach with regard to compliance and risk management culture across the banking industry.
September 14, 2020 -
877Capital Regulation
India Supreme Court Temporarily Extends Borrower Relief
The extension gives the government two weeks to decide on whether to extend a loan moratorium for borrowers and whether an interest waiver is warranted.
September 11, 2020 -
698Capital Regulation
RBI Issues Framework for Covid-related Loan Restructuring
The framework sets out sector-specific floor and ceiling thresholds for five financial ratios that lenders mandatorily have to consider when restructuring loans.
September 9, 2020 -
569EnforcementIndia’s Enforcement Directorate Fines StanChart $13.6mn
Standard Chartered escrow accounts were used in 2007 to transfer shares in Tamilnad Mercantile Bank to overseas investors without the RBI's permission.
September 9, 2020 -
524IndiaSEBI Revises Mutual Fund Side Pocketing Standards
Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.
September 9, 2020 -
825Capital Regulation
RBI Issues Draft Rules on Variation Margin Exchange
The rules are applicable to India-regulated financial firms, IFSC banking units, and FPIs with non-cleared derivatives exceeding 500bn rupees.
September 8, 2020 -
481Capital Regulation
RBI Issues Revised Priority Sector Lending Guidelines
The new guidelines will boost credit availability for startups, renewable energy, health infrastructure, small farmers, and "identified districts" with low credit flows.
September 7, 2020
