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Trading & Investment
India Further Opens Bond Market to Non-resident Investors
By Editors | 02/04/2020
The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.
Credit Risk
SEBI Asks Rating Agencies to Delay Default Recognition
By Editors | 31/03/2020
Market participants call SEBI’s move timely, amid fears of mass downgrades in light of the operational disruptions caused by Covid-19.
Structural Regulation
India: State Bank Merger Plan Takes Effect on 1 April
By Editors | 31/03/2020
A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.
Liquidity Risk
RBI Announces Broad Measures to Address Covid-19 Financial Stress
By Editors | 28/03/2020
The measures include a 3 month moratorium on term loans, deferred interest on working capital loans, $50bn of liquidity measures, and 6-month delays for NSFR, CCB and LEI implementation.
Credit Risk
Indian Banks Directed to Extend Emergency Credit to SMEs
By Editors | 26/03/2020
The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.
Payments & Settlements
RBI Brings Payment Aggregators Under Regulatory Remit
By Editors | 19/03/2020
The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.
Payments & Settlements
RBI Intervenes to Provide US Dollar, Rupee Liquidity
By Editors | 16/03/2020
The RBI’s move to provide US dollar liquidity amid a sinking rupee had the unintended consequence of squeezing liquidity in its domestic currency.
Credit Risk
RBI Amends Exposure Norms for Urban Cooperative Banks
By Editors | 16/03/2020
The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.
Resolution & Recovery
India’s Cabinet Green Lights Yes Bank Rescue Plan
By Editors | 16/03/2020
State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.
Liquidity Risk
RBI to Provide Liquidity in Forex Market as Rupee Crashes
By Editors | 13/03/2020
The RBI will offer USD/INR sell/buy swaps to bolster FX market liquidity, as foreign investors withdraw from India amid growing concerns over Covid-19’s economic impact.
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