All posts tagged "State Bank of India"
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481ESG / SustainabilityIndian Banks ‘Unprepared’ to Fight Climate Change: Report
A report from Climate Risk Horizons finds that most Indian banks have not yet factored climate change into their business strategies.
March 31, 2022 -
681Capital / LiquidityRBI Publishes List of Indian D-SIBs for 2022
SBI, ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2020 list.
January 6, 2022 -
487Fintech / RegtechRBI Account Aggregator Framework Brings Open Banking to India
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021 -
321FeatureIndia Launches New Digital Payment Solution Nationwide
e-RUPI is a QR code or SMS string-based prepaid e-voucher that can be used for purchases without an app, card, bank account, or internet access.
August 5, 2021 -
195Capital / LiquidityIndian 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 -
241IndiaAxis 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 -
242Enforcement
RBI 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 -
378India
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 -
227AML / KYC
2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies
The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.
June 2, 2021 -
747Capital / LiquidityRBI 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
