Reserve Bank of India

Capital / Liquidity

RBI Props Up NBFCs Through On-Lending Guidance

By Editors | 14/08/2019

Banks are mandated to lend a portion of their funds to priority sectors. Allowing NBFCs to serve as middlemen for such lending provides them a liquidity backstop.

Market Infrastructure

RBI Task Force Suggests Enhancements to Onshore Rupee Market

By Editors | 10/08/2019

The task force recommends implementation of margin requirements for non-centrally cleared OTC derivatives “at the earliest”.

Capital / Liquidity

RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs

By Editors | 09/08/2019

The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.

Enforcement

RBI Issues Fines on Multiple Banks Totalling $2.9mn

By Editors | 06/08/2019

The fines, involving 15 banks in total, were related to delays in reporting fraud and non-compliance with various other RBI norms.

Market Infrastructure

RBI Tightens Criteria for Board Appointments at State Banks

By Editors | 05/08/2019

The revised criteria for determining the ‘fit and proper’ status of proposed candidates include age, education, experience, and track record, among other criteria.

Capital / Liquidity

RBI Eases Rules on Overseas Borrowing for NBFCs

By Editors | 01/08/2019

NBFCs can use overseas borrowings to fund working capital, repay rupee loans, and on-lend to domestic customers. Banks can also sell distressed loans to eligible overseas lenders.

Fintech / Regtech

India Enables Consent-Based Financial Data Sharing

By Manesh Samtani | 26/07/2019

Four years of collaboration between India’s major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.

Capital / Liquidity

RBI Urges Better Risk Monitoring, Faster NPA Resolution at State Banks

By Editors | 23/07/2019

RBI governor Shaktikanta Das asked state-owned banks to speed up bad debt recovery efforts, strengthen internal controls and risk monitoring, and help fix the ongoing NBFC liquidity crisis.

Market Infrastructure

SEBI Proposes Additional Requirements for Resigning Auditors

By Editors | 22/07/2019

Under the proposal, auditors will be required to finalise their audit reports and make detailed disclosures regarding their reasons for resignation from listed companies.