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Credit Risk
RBI Expands One-Time Restructuring Scheme for MSME Loans
By Editors | 11/02/2020
The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.
Structural Regulation
Cabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight
By Editors | 07/02/2020
Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.
Emerging Prudential Risks
India Raises Deposit Insurance Cover Five Fold
By Editors | 05/02/2020
Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.
Trading & Investment
SEBI Sets Position Limits for Gift City Rupee Derivatives
By Editors | 04/02/2020
Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.
Trading & Investment
RBI Eases Limits on FPI Investment in Debt Securities
By Editors | 24/01/2020
RBI has re-opened the ‘voluntary retention route’ for FPI investments in debt, doubling the investment cap. Short-term investment limits have also been eased.
Trading & Investment
RBI Permits Gift City Trading of Rupee Derivatives
By Editors | 21/01/2020
The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.
Credit Risk
RBI Issues Operational Guidance for UCB Large Exposure Reporting
By Editors | 20/01/2020
Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.
Payments & Settlements
RBI Amends Penalties Framework for Payments System Operators
By Editors | 14/01/2020
The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.
Credit Risk
RBI Imposes Restrictions on Another Cooperative Bank
By Editors | 14/01/2020
Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.
KYC & CDD
RBI Allows Regulated Entities to Use Video-based KYC
By Editors | 10/01/2020
Financial services firms can record video and capture photos of customers presenting their identity document for verification. Electronically-submitted and digitally-signed documents can also be accepted.
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