India

Payments & Settlements

Nepal and India Operationalise Cross-border P2P Payments

By Nithya Subramanian | 10/06/2026

The new facility enables direct P2P money transfers, building on an existing QR payment system and resolving previous technical and structural hurdles.

Structural Regulation

SEBI Considers Common Stewardship Platform for Mutual Funds

By Nithya Subramanian | 09/06/2026

SEBI is expected to release a consultation paper on a platform to enable collective engagement by mutual funds on corporate governance issues.

Payments & Settlements

RBI Opens Forex Swap Windows for Deposits and Foreign Borrowings

By Nithya Subramanian | 09/06/2026

RBI has introduced two US dollar-rupee swap facilities and exempted certain deposits from reserve requirements to attract foreign currency inflows.

Structural Regulation

India Proposes VCC Framework to Bolster Fund Management in GIFT City

By Nithya Subramanian | 08/06/2026

Proposed legislation aims to introduce a corporate fund structure popular in global hubs like Singapore, offering greater flexibility and investor protection.

Fraud, Scams & Cybercrime

PwC Review Finds IndusInd Bank Overstated Profit by INR 18.18bn

By Nithya Subramanian | 08/06/2026

A confidential review found manual accounting entries were used to offset trading losses, highlighting significant internal control and governance weaknesses.

Emerging Prudential Risks

India Considers Raising Bank Deposit Insurance Limit to INR 750,000

By Nithya Subramanian | 08/06/2026

The finance ministry has proposed increasing depositor protection to bolster financial stability amid concerns over the health of smaller co-operative lenders.

Structural Regulation

RBI Appoints Self-Regulatory Body for Account Aggregator Ecosystem

By Editors | 08/06/2026

The RBI has recognised the Sahamati Foundation as the SRO for India’s rapidly expanding consent-based financial data-sharing network.

Liquidity Risk

RBI Proposes Linking Bulk Deposit Rates to Liquidity Risk

By Nithya Subramanian | 08/06/2026

The central bank aims to give lenders greater pricing flexibility for large deposits while mandating stricter daily transparency on all interest rates.

Supervision & Enforcement

India Spearheads BRICS Push for Stronger Asset Recovery Cooperation

By Editors | 08/06/2026

New expert network will focus on informal information sharing and capacity building to trace and recover illicit assets hidden across borders.