All posts tagged "State Bank of India"
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98AML / KYC2018 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The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.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 -
336Capital RegulationRBI 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 -
189Fintech / Regtech
RBI Enhances Security Requirements for Digital Payment Apps
The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.
February 22, 2021 -
1.2KAML / KYCCombatting TBML Through Collaboration and Technology
R3’s Henry Roxas describes the complexities of trade-based money laundering in Asia and the importance of collaboration to tackle the problem once and for all.
December 9, 2020 -
578EuropeLuxembourg, 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 -
592Capital RegulationIndia Approves Special Liquidity Scheme for NBFCs
An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.
July 2, 2020 -
1.4KIndiaIndia: 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 -
603Capital Regulation
Indian Banks Directed to Extend Emergency Credit to SMEs
The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.
March 27, 2020 -
359Capital RegulationIndia’s Cabinet Green Lights Yes Bank Rescue Plan
State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank's equity. The bank's moratorium will be lifted on Wednesday.
March 16, 2020 -
743Capital Regulation
RBI Finalises Yes Bank Rescue Plan, Including Funding Lines
State Bank of India and other banks will invest about 500 billion rupees in Yes Bank shares and CDs. AT1 bondholders will recover about 20% of their investment.
March 13, 2020
