RESERVE BANK OF INDIA

India’s RBI Lifts Import Ban of Gold Coins, Medallions by Banks

By Editors | 18/02/2015

The Reserve Bank of India (RBI) has lifted the ban on imports of gold coins and medallions by banks and trading houses.

India’s RBI Tightens Compliance Amid Iran Export Scam Probe

By Editors | 10/02/2015

The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.

India Exempts Smaller Rural Banks from FATCA

By Editors | 03/02/2015

The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.

Indian Banks Need Over $200 Billion for Basel III Compliance, Says Fitch

By Editors | 17/09/2014

Indian banks will need more than $200 billion to meet Basel III international banking norms by March 2019, said Fitch Ratings.

Indian Large Banks Trim Exposure in Singapore

By Editors | 20/08/2014

India’s large banks are reducing their exposure in Singapore amid tightened regulation and oversight by the Monetary Authority of Singapore of foreign banks.

India’s SEBI Seeks Ban on Wilful Defaulters Raising Funds in Market

By Editors | 06/08/2014

The Securities and Exchange Board of India said it is talking with the Reserve Bank of India as it finalises regulations around wilful loan defaulters.

India’s SEBI Asks Depository Participants to Share FPI Information with Banks

By Editors | 17/06/2014

Market regulator Securities and Exchange Board of India has asked depository participants to share information about foreign portfolio investors with banks, as part of efforts to harmonise norms focused on client information.

India’s Central Bank Extends Deadline for Basel III Capital Norms to March 31, 2019

By Editors | 27/03/2014

The Reserve Bank of India has extended the deadline for banks to implement Basel III capital requirements by a year to March 31, 2019.

India Plans to Launch Trade Receivables and Credit Exchange for Micro Enterprises

By Editors | 20/03/2014

The Reserve Bank of India plans to set up a trade receivables and credit exchange (TCE) for financing micro, small and medium enterprises (MSMEs).