India

KYC & CDD

RBI to Share KYC, AML Reports with Intelligence Bureau

By Samuel Riding | 08/01/2016

India’s central bank succumbs to pressure to share information on bank KYC, AML evaluations.

KYC & CDD

India Strengthens Mutual Fund KYC Requirements

By Samuel Riding | 05/01/2016

Existing investors must provide additional KYC information and confirm compliance with Foreign Account Tax Compliance Act.

Emerging Prudential Risks

Financial Inclusion Could Damage Banking Sector: FSDC

By Samuel Riding | 23/12/2015

India’s push for financial inclusion could threaten the profitability of public sector banks, report says.

Credit Risk

India Moots Tighter Loan Provisioning Rules

By Samuel Riding | 21/12/2015

RBI proposes banks increase provisions for loans to customers with ‘sub-standard’ borrowing from other lenders.

Anti-Money Laundering

Habib Bank Scalded by New York Regulator

By Samuel Riding | 20/12/2015

Pakistani lender told to boost policies to prevent money laundering after “significant breakdowns”.

Credit Risk

Indian Banks Face Pressure to Name Defaulters

By Samuel Riding | 18/12/2015

Supreme Court says information cannot be withheld on grounds of bank rules and confidentiality.

Trading & Investment

Indian Start-up Platform Fails to Take Hold

By Samuel Riding | 16/12/2015

Regulator urges investment banks to promote platform after no listings in first six months.

Market Abuse

India Clamps Down on Trading Manipulation

By Samuel Riding | 15/12/2015

Commodity brokers and traders will have to test systems and software in consultation with exchanges.

Trading & Investment

India to Launch Physical Gold Exchange

By Samuel Riding | 14/12/2015

Physical exchange backed by bullion association and BSE to be nation’s first.