All posts tagged "SBI"
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170FeatureRBI Amends Guidelines to Facilitate LIBOR Transition
Banks 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, 2021 -
114Capital RegulationIndian Banks Set to Apply for ‘Bad Bank’ Operating Licence
The bad bank will be 51% owned by public sector banks. The remaining shares will be owned by private sector lenders.
July 21, 2021 -
126IndiaAxis Bank Announces First Derivative Transaction Linked to SOFR
SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.
July 17, 2021 -
119EnforcementRBI Penalises Fourteen Banks Over NBFC Lending
The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.
July 13, 2021 -
185India
RBI Urges Banks to Stop Using LIBOR, MIFOR
FIs are asked to instead use 'any widely accepted ARR'. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.
July 11, 2021 -
242Fintech / RegtechIndian Banks to Develop Blockchain System for LCs
The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021 -
285Enforcement
RBI 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 -
536FeatureMAS Grants DBS In-principle Approval to Set Up Digital Exchange
The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.
December 11, 2020 -
631EuropeLuxembourg, India Sign Three Market Cooperation Agreements
An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.
November 24, 2020 -
1.4KIndia
India: Banks Agree to Extend Loan Moratorium to NBFCs
RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.
May 8, 2020
