DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.
November 3, 2022Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.
October 27, 2022Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.
September 16, 2022Nomura and SBI will invest in and offer services to support startups and other companies that are looking to raise funds using digital tokens.
July 7, 2022JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.
April 19, 2022A report from Climate Risk Horizons finds that most Indian banks have not yet factored climate change into their business strategies.
March 31, 2022JPX plans to issue the bond to help it achieve carbon neutrality, while at the same time enabling investors to track its progress over time.
February 15, 2022SBI, ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2020 list.
January 6, 2022Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
August 8, 2021The bad bank will be 51% owned by public sector banks. The remaining shares will be owned by private sector lenders.
July 21, 2021