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Data Privacy
India to Force Foreign Brokers to Store Data Locally
By Editors | 15/01/2019
SEBI plans to mandate that data on Indian customers be stored on local servers, or for a real-time backup to be created to enable access from within the country.
Conduct, Culture & Accountability
RBI Imposes Monetary Penalty on Citibank India
By Editors | 14/01/2019
The ₹30mn penalty is based on deficiencies in regulatory compliance related to ‘fit and proper’ requirements for bank directors.
Capital Adequacy
India Delays Implementation Of Capital Conservation Buffer By One Year
By Editors | 11/01/2019
The RBI has announced the final tranche of the capital conservation buffer will be applicable from 31 March 2020 instead of 31 March 2019.
Credit Risk
RBI Turns Down Bank Requests for Special Classification of IL&FS Loans
By Editors | 10/01/2019
Banks will need to provision for IL&FS assets at the standard rate of 15% in the first year in the December quarter and will not get the six month reprieve they had asked for.
Fraud, Scams & Cybercrime
UPDATED – Losses from Bank Fraud Up 72 Percent – RBI
By Editors | 07/01/2019
According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.
Capital Adequacy
Easing Bank Capital Requirements Would Hurt Economy – RBI
By Editors | 03/01/2019
The RBI says that current provisioning is inadequate to cover future losses from bad loans, which have been underrecognised by Indian banks.
Credit Risk
UPDATED – RBI Allows Lenders One-Time Restructuring of MSME Loans
By Editors | 01/01/2019
Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.
Capital Adequacy
RBI ‘Expert Committee’ to Determine Best Use of Central Bank Reserves
By Editors | 30/12/2018
The committee is tasked with suggesting an adequate level of reserves for the central bank and proposing a policy for distributing dividends to the government.
Capital Adequacy
India Seeks Parliamentary Approval to Infuse More Capital into Banks
By Editors | 21/12/2018
The government plans to pump $11.8 billion into public sector banks to raise them out of the RBI’s PCA framework and increase the banking system’s lending capacity.
Emerging Prudential Risks
Indian Government Could Undermine Banking Sector Reforms – S&P
By Editors | 18/12/2018
Restrictions on the RBI’s authority to reform governance of public sector banks are seen as a weakness in its mandate and could undermine financial stability, says S&P Global Ratings.
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