The draft directions under consultation include requirements related to administrators' minimum net worth, governance arrangements, and organisational structure, among other requirements.
February 18, 2019The 20% cap limiting exposures to a single corporate entity was aimed at incentivising FPIs to maintain a portfolio of assets, but market feedback indicates it has instead had a contraining effect.
February 18, 2019The latest penalties involve banks' non-compliance with RBI directions on the monitoring of borrowers' end use of loan funds, as well as failures related to KYC/AML compliance.
February 13, 2019The RBI wants banks to operate as subsidiaries of financial holding companies, with other business arms also split off into separate subsidiaries.
February 11, 2019Former central bank governor YV Reddy says there is no doubt the government has a claim over the RBI's reserves, but questions how it is exercising its claim.
February 11, 2019A bill to establish a unified regulator to oversee financial services at India's GIFT City has been approved by the country’s cabinet.
February 7, 2019India’s Enforcement Directorate will seek to determine if alleged kickbacks generated in loan deals worth $262mn were laundered to create tainted assets.
February 4, 2019India’s central bank has removed the Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from lending restrictions under its prompt corrective action framework.
February 1, 2019SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator's own board for approval.
January 31, 2019The core capital held by the RBI is "too low" and could compromise its ability to manage risks, respond to negative income shocks and maintain operational independence.
January 28, 2019