Reserve Bank of India

Market Infrastructure

India to Force Foreign Brokers to Store Data Locally

By Editors | 15/01/2019

SEBI plans to mandate that data on Indian customers be stored on local servers, or for a real-time backup to be created to enable access from within the country.

Enforcement

RBI Imposes Monetary Penalty on Citibank India

By Editors | 14/01/2019

The ₹30mn penalty is based on deficiencies in regulatory compliance related to ‘fit and proper’ requirements for bank directors.

Capital / Liquidity

India Delays Implementation Of Capital Conservation Buffer By One Year

By Editors | 11/01/2019

The RBI has announced the final tranche of the capital conservation buffer will be applicable from 31 March 2020 instead of 31 March 2019.

Capital / Liquidity

RBI Turns Down Bank Requests for Special Classification of IL&FS Loans

By Editors | 10/01/2019

Banks will need to provision for IL&FS assets at the standard rate of 15% in the first year in the December quarter and will not get the six month reprieve they had asked for.

Market Infrastructure

UPDATED – Losses from Bank Fraud Up 72 Percent – RBI

By Editors | 07/01/2019

According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.

Capital / Liquidity

Easing Bank Capital Requirements Would Hurt Economy – RBI

By Editors | 03/01/2019

The RBI says that current provisioning is inadequate to cover future losses from bad loans, which have been underrecognised by Indian banks.

Capital / Liquidity

UPDATED – RBI Allows Lenders One-Time Restructuring of MSME Loans

By Editors | 01/01/2019

Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.

Capital / Liquidity

RBI ‘Expert Committee’ to Determine Best Use of Central Bank Reserves

By Editors | 30/12/2018

The committee is tasked with suggesting an adequate level of reserves for the central bank and proposing a policy for distributing dividends to the government.

Capital / Liquidity

India Seeks Parliamentary Approval to Infuse More Capital into Banks

By Editors | 21/12/2018

The government plans to pump $11.8 billion into public sector banks to raise them out of the RBI’s PCA framework and increase the banking system’s lending capacity.