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Capital Adequacy
RBI to Transfer $24bn to Govt on Committee Recommendation
By Editors | 28/08/2019
The transfer will comprise of a $17.2bn income surplus and $7.4bn in excess provisions resulting from a newly revised economic capital framework for the RBI.
Cloud & Infrastructure
RBI Issues Enabling Framework for Regulatory Sandbox
By Editors | 14/08/2019
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
Credit Risk
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.
Trading & Investment
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”.
Credit Risk
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.
Fraud, Scams & Cybercrime
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.
Conduct, Culture & Accountability
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.
Liquidity Risk
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.
Data Privacy
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.
Credit Risk
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.
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