RESERVE BANK OF INDIA

RBI Orders Corrective Action on State-Run Bank

By Editors | 07/10/2015

Indian Overseas Bank is required to improve internal controls and deal with mounting non-performing assets.

India to Increase Foreign Investment Limit for Govt. Bonds

By Editors | 01/10/2015

The Reserve Bank of India will increase the foreign investment limit in central government securities to 5 percent of the outstanding stock by March 2018, including for foreign investors.

RBI Announces Measures to Hasten Bad Debt Restructuring

By Editors | 27/09/2015

SBI and ICICI bank get permanent seat at the joint lenders forum for distressed assets.

India Relaxes Equity Investment Norms for Banks

By Editors | 20/09/2015

Lenders will no longer need prior approval to make equity investments if they have a capital risk-weighted asset ratio exceeding 10 percent and have made a profit in the previous financial year.

RBI to Cap Members in Lending Consortium

By Editors | 19/09/2015

The Reserve Bank of India is planning to restrict the numbers of members in the Joint Lenders’ Forum in a bid to ease the difficulties banks often face in resolving distressed assets.

RBI Consults on Base Rate Calculation Methodology

By Editors | 05/09/2015

The Reserve Bank of India (RBI) has issued for consultation draft guidelines for banks to adopt the marginal cost of funds methodology for base rate calculations.

India Releases List of Domestic Systemically Important Banks

By Editors | 02/09/2015

The Reserve Bank of India has designated the State Bank of India and ICICI Bank as Domestic Systemically Important Banks.

India Grants Payments Banks Licenses to Corporates

By Editors | 01/09/2015

The Reserve Bank of India has approved eleven non-financial corporations to become payments banks, a new classification of financial institution that can offer basic banking and payment services.

Crypto / Digital Assets

RBI Calls for Regulation of “Disruptive” Financial Innovation

By Editors | 28/08/2015

RBI Deputy Governor SS Mundra is calling for tighter regulatory frameworks around peer-to-peer (P2P) lending, internet-only banks, crowd funding platforms and cryptocurrency.