Reserve Bank of India

Liquidity Risk

India’s Regulators Attempt to Calm Credit Market Jitters

By Garima Chitkara | 26/09/2018

RBI, SEBI and the Indian government assured markets they will step in to fill any NBFC liquidity gaps after a recent default by an infrastructure financing firm.

Clearing & Post-Trade

Expanding the Custodian’s Role in Settlement for India’s HNIs

By Viraj Kulkarni | 25/09/2018

SEBI should mandate settlement of HNI trades through custodians to de-risk and expand India’s capital markets, says Viraj Kulkarni at PIVOT Management Consulting.

Credit Risk

India to Merge Three State Banks to Consolidate Weak Balance Sheets

By Garima Chitkara | 19/09/2018

India has begun the process to merge Dena Bank, Vijaya Bank and Bank of Baroda in a bid to support their weak balance sheets and consolidate the state-run banking sector.

Data Privacy

Apple Shelves India Payments Expansion, Google to Move Ahead

By Manesh Samtani | 11/09/2018

Apple shares concerns over data localisation with Mastercard, Visa, Amazon, WhatsApp and PayPal, but Google will be ready to comply by December.

Fraud, Scams & Cybercrime

RBI Fines Three State Banks for Fraud Reporting Failures

By Editors | 10/09/2018

Union Bank of India, Bank of India and Bank of Maharashtra are each fined 10 million rupees.

Payments & Settlements

India Launches Payments Bank Using Postal Network

By Editors | 04/09/2018

On 1 September, India’s postal services launched a payments bank to offer basic banking and remittance services, starting from 650 post offices with an aim to expanding to its network of 155,000 post offices by 31 December.

Payments & Settlements

Xiaomi Seeks Entry to India Payments Market

By Editors | 30/08/2018

The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.

Trading & Investment

Axis Becomes First Bank Subsidiary to Offer Commodity Derivatives

By Editors | 30/08/2018

Clients can now trade commodity futures and options on the MCX; trading on NCDEX to be supported by end-September.

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.