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Capital / Liquidity
RBI Tightens Rules on Disclosing NPA, Provisioning Divergences
By Editors | 18/10/2022
Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.
ESG / Sustainability
SEBI Sets Out Governance Requirements for Social Stock Exchanges
By Editors | 18/10/2022
A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.
Securities / Derivatives
RBI Directs Bank to Reduce Activity in Offshore Rupee Market
By Editors | 18/10/2022
The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.
Fintech / Regtech
India Establishes Protocols for Interoperable Regulatory Sandbox
By Editors | 17/10/2022
The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
Securities / Derivatives
SEBI Issues Framework for Dealing with CRA Licence Cancellations
By Editors | 17/10/2022
The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.
Capital / Liquidity
RBI Revises Rules for Asset Reconstruction Companies
By Editors | 16/10/2022
Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
Capital / Liquidity
RBI Directs Banks to Treat Certain Rated Exposures as Unrated
By Editors | 15/10/2022
Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.
India Invites Bidders to Acquire Government Stake in IDBI Bank
By Editors | 12/10/2022
India announced plans to privatise most state-run companies in 2020. A 60.72 percent stake in IDBI Bank is up for grabs.
Fintech / Regtech
Worldline, NPCI to Enable Indian UPI Payments Across Europe
By Editors | 12/10/2022
The first target markets are set to include Benelux (Belgium, the Netherlands, and Luxembourg) and Switzerland, with further plans for expansion.
Fintech / Regtech
RBI Launches DAKSH, a New Supervisory Monitoring System
By Editors | 11/10/2022
The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.
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