Reserve Bank of India

Credit Risk

RBI Must Disclose Bank Inspection Reports – Supreme Court

By Editors | 03/05/2019

The RBI has been ordered by the India’s highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.

Trading & Investment

India Opens Foreign Investor Access to Municipal Bonds Market

By Editors | 29/04/2019

The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.

Structural Regulation

RBI Extends LEI Deadlines for Non-Derivative Market Participants

By Editors | 29/04/2019

Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.

Clearing & Post-Trade

China, Indonesia, India Slow to Finalise Close-Out Netting Reforms

By Garima Chitkara | 24/04/2019

In its April quarterly round-up, ISDA detailed efforts in the three jurisdictions to ensure legal certainty on close-out netting, seen to be a critical issue for derivatives market development.

Cloud & Infrastructure

RBI Unveils Draft Framework for Regulatory Sandbox

By Editors | 19/04/2019

The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.

Fraud, Scams & Cybercrime

Deloitte Indian Unit Under Investigation in IL&FS Case

By Editors | 16/04/2019

A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.

Payments & Settlements

India to Strengthen Digital Payments with Blockchain

By Editors | 15/04/2019

The National Payments Corporation of India is soliciting interested partners to build a blockchain-powered digital payments platform for the country.

Payments & Settlements

RBI to Unify Complaints Handling for Digital Payments

By Editors | 10/04/2019

The RBI plans to speed up customer complaint processing and redressal times across all domestic payment platforms by end-June.

Market Risk

RBI Defers Mandatory Pegging of Loan Rates to External Benchmarks

By Editors | 08/04/2019

The RBI has deferred a requirement for banks to link loan rates to external benchmarks, citing difficulties the change presents to banks’ interest rate risk management.