RESERVE BANK OF INDIA

Capital / Liquidity

RBI Announces Largest Liquidity Injection Since Pandemic

By Manesh Samtani | 31/01/2025

The new measures are aimed at addressing a INR 3 trillion liquidity shortfall caused by the RBI’s own intervention in the FX markets

Fintech / Regtech

RBI Directs FIs to Implement Safeguards Against Fraud

By Nithya Subramanian | 22/01/2025

The RBI asked banks and other financial institutions to strengthen safeguards against fraud involving mobile numbers

Capital / Liquidity

RBI Issues Guidelines for ARCs on Settlement of Dues of Borrowers

By Nithya Subramanian | 21/01/2025

The revised guidelines mandate stricter oversight, independent reviews, and enhanced transparency for ARCs in resolving borrower dues

Capital / Liquidity

RBI Releases List of Upper Layer NBFCs for 2024-25

By Mark Johnston | 20/01/2025

Upper-layer NBFCs are subject to higher capital requirements, stricter governance standards, enhanced disclosure norms and closer supervision

RBI Eases FEMA Rules to Boost Rupee Use in Cross-border Transactions

By Nithya Subramanian | 18/01/2025

The RBI has also signed MoUs with the central banks of UAE, Indonesia and Maldives to encourage the use of local currencies in trade and investment.

RBI Standardises Framework for Reporting Credit Information

By Manesh Samtani | 14/01/2025

Lenders must update credit bureau records every 15 days rather than monthly to ensure borrowers’ financial activities are reflected in credit scores more quickly

AML / KYC

India to Implement Payee Name Checking on RTGS, NEFT by April

By Editors | 05/01/2025

Banks have until 1 April 2025 to implement the beneficiary account name look-up facility for RTGS and NEFT transfers.

Securities / Derivatives

RBI to Require Reporting of OTC Gold Derivatives Trades

By Editors | 03/01/2025

Starting from 1 February, banks must report all OTC transactions in gold derivatives undertaken in domestic markets, GIFT City, and outside India.

Fintech / Regtech

RBI Forms Committee to Develop Regulatory Framework for AI

By Editors | 03/01/2025

The committee includes experts from IIT Bombay, NASSCOM, IIT Madras, MEITy, Trilegal, HDFC Bank, Microsoft, and the RBI.