All posts tagged "RBI"
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193Fintech / RegtechRBI 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 -
171EnforcementRBI 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 -
199Capital RegulationRBI 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 -
262Capital 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 -
159AML / 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 -
139IndiaRBI 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 -
119IndiaIndia 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 -
146Capital Regulation
RBI Exempts Foreign Sovereign Exposure from LEX Framework
Exposures to foreign sovereigns or their central banks that are subject to a zero percent risk weight will be exempted from the large exposures framework.
February 27, 2021 -
151Capital Regulation
RBI Issues New Regulatory Framework for Housing Finance Companies
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
February 24, 2021 -
269IndiaDBS Faces Legal Challenge Following Takeover of Indian Bank
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
February 24, 2021
