Reserve Bank of India

Credit Risk

IMF, World Bank Issue Reports on India Financial Supervision, Market Infrastructure

By Samuel Riding | 24/01/2018

Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.

Cybersecurity

India’s Biometric Identity Database Vulnerable to Cyber Attacks: RBI Research

By Garima Chitkara | 11/01/2018

Aadhaar throwing up issues around data security even as financial benefits of the nation-wide biometric identification system are unclear.

Credit Risk

India Public Sector Banks Vulnerable: IMF

By Editors | 26/12/2017

Greater RBI oversight and restructuring needed in addition to recapitalisation; High NPAs and problematic corporate balance sheets also pose challenges.

Credit Risk

India Financial System Stable Despite Worsening Asset Quality – RBI

By Garima Chitkara | 26/12/2017

Gross NPAs and asset quality likely to worsen until September 2018 even as capital flows into equity and debt markets remain elevated.

Cryptocurrency

India’s Highest Court Considering Petition Calling for Bitcoin Regulation

By Garima Chitkara | 16/11/2017

Petitioner says central bank, securities regulator refusing to take responsibility for bitcoin regulation by not defining as currency or commodity

Credit Risk

India to Require Biggest Corporate Borrowers to Use LEIs

By Editors | 06/11/2017

Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.

KYC & CDD

RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry

By Editors | 25/10/2017

Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.

Trading & Investment

India to Allow Currency Hedging by Non-resident Companies

By Samuel Riding | 19/10/2017

RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.

Structural Regulation

India Releases Draft Rules for Electronic Trading Platforms

By Editors | 16/10/2017

Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.