Reserve Bank of India

Credit Risk

RBI Deadline for Bad Loan Resolution Passes

By Manesh Samtani | 29/08/2018

The central bank’s February circular allowed banks 180 days to resolve defaulted loans over 20bn rupees; many of these accounts will now be referred to bankruptcy courts.

Credit Risk

RBI Restates Case For Public Credit Registry

By Garima Chitkara | 24/08/2018

RBI deputy governor says that a public credit registry, with inputs from the corporate registration and GST database, will help increase access to credit in India.

Capital Adequacy

India’s Government Asks RBI to Ease Pressure on State Banks

By Manesh Samtani | 23/08/2018

Government wants central bank to review criteria for releasing banks from PCA framework, shift to Basel III capital standards.

KYC & CDD

SEBI Extends Deadline to Provide FPI Beneficial Ownership Details

By Garima Chitkara | 22/08/2018

Requirement to provide details of beneficial ownership extended to end-December, after market participants asked for a review of the FPI guidelines and more time to comply.

Cybersecurity

Cost Not A Factor in Ensuring Cyber Security – RBI

By Garima Chitkara | 20/08/2018

Market participants should not consider cost savings when formulating cyber security measures, said RBI governor Urjit Patel while launching digital payments platform UPI 2.0.

Fraud, Scams & Cybercrime

India’s Cosmos Bank Suffers $13mn Theft

By Manesh Samtani | 16/08/2018

Attackers used cloned cards to simultaneously withdraw cash from ATMs in 28 countries, along with a fraudulent SWIFT transfer two days later.

Market Abuse

Market Conduct Committee Calls for Greater Enforcement Powers for SEBI

By Garima Chitkara | 13/08/2018

A committee looking at fair market conduct has proposed greater powers for SEBI to go after insider trading, including the power to intercept phone and electronic communications.

Supervision & Enforcement

RBI Should Have Sole Supervisory Responsibility for PSBs – IMF

By Garima Chitkara | 13/08/2018

In its India Staff Report, IMF brought up the issue of dual regulation of state run banks and called for full supervisory control of these banks to be given to the RBI.

Capital Adequacy

Indian Government Urges RBI to Ease Bank Capital Rules

By Editors | 10/08/2018

Under Basel III rules, banks would need to hold CET1 capital of 4.5% of RWAs, compared to the 4.5% now required of Indian banks.