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Supervision & Enforcement
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.
Structural Regulation
SEBI Cancels Rating Agency Licence for the First Time
By Editors | 10/10/2022
Brickwork Ratings India failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, SEBI said.
Trading & Investment
BSE India Receives Approval to Set Up Social Stock Exchange
By Editors | 10/10/2022
The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.
CBDCs
RBI Set to Commence Limited Pilot Launch of CBDC
By Editors | 09/10/2022
To avoid the disintermediation of banks, which would impede credit creation, the RBI suggested the CBDC would likely be non-interest bearing.
Conduct, Culture & Accountability
RBI Directs CICs to Appoint Internal Ombudsman by April 2023
By Editors | 08/10/2022
Clients of regulated entities will have a free alternative dispute resolution for grievances against credit information companies.
Payments & Settlements
NPCI Signs MOU to Enable UPI Payments in Oman
By Editors | 05/10/2022
NPCI and Oman’s central bank will study the possibility of connecting the UPI and RuPay card systems used in India with similar systems in Oman.
Trading & Investment
SEBI Extends 2FA Requirement to Fund Subscription Transactions
By Editors | 05/10/2022
AMCs are already required to authenticate mutual fund redemption transactions. The requirement is being extended to include subscription transactions.
Emerging Prudential Risks
RBI Categorises 16 Large NBFCs in Upper Layer
By Editors | 04/10/2022
The NBFCs are directed to put in place a board approved policy for adoption of the RBI’s enhanced regulatory framework for NBFCs within 24 months.
Structural Regulation
SEBI to Amend IPO Framework, Introduce Bond Platform Rules
By Editors | 04/10/2022
At its board meeting, SEBI also decided to allow net settlement between the cash and derivatives segments, which will enable netting benefits and reduce margins.
Payments & Settlements
NPCI, TerraPay Partner on Cross-Border Payments
By Editors | 03/10/2022
The partnership will allow Indian customers and merchants in India with an active UPI ID to make and accept cross-border payments globally.
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