Reserve Bank of India

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    Indian Parliament Advances Bill to Amend Banking Regulations

    By Editors | 05/12/2024

    The bill makes as many as 19 amendments to existing banking laws, including allowing deposits to have up to four nominees in their accounts.

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    Fintech / Regtech

    India: RBIH Wants Banks to Use AI to Detect Mule Accounts

    By Editors | 03/12/2024

    The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

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    Fintech / Regtech

    RBI to Launch Public Cloud for Financial Services Industry

    By Editors | 19/11/2024

    The RBI programme will use only local IT firms to offer cloud data storage to financial firms at affordable prices.

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    Capital / Liquidity

    RBI Releases 2024 List of Domestic Systemically Important Banks

    By Nithya Subramanian | 14/11/2024

    SBI, HDFC, and ICICI remain India’s three D-SIBs. SBI and HDFC have to meet a higher CET1 requirement from April 2025.

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    Securities / Derivatives

    RBI Expands Trade Reporting Requirements to Include FX Spot Deals

    By Editors | 12/11/2024

    The new reporting requirements are aimed at ensuring the RBI has a more complete view of the FX market for monitoring and regulatory purposes.

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    Market Infrastructure

    RBI Issues Framework for Reclassifying FPI Investment as FDI

    By Editors | 11/11/2024

    The framework sets out a process for FPIs that breach the 10% ownership limit and wish to convert their stakes in Indian companies to FDI.

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    ESG / Sustainability

    RBI Expands Sovereign Green Bond Access for Non-resident Investors

    By Nithya Subramanian | 09/11/2024

    The RBI added 10-year SGrBs issued in the second half of the fiscal 2024-25 as ‘specified securities’ under the Fully Accessible Route.

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    Capital / Liquidity

    UPDATED – New Margin Rules for OTC Derivatives Take Effect in India

    By Editors | 08/11/2024

    Only the VM rules have taken effect on schedule. The effective date for the IM rules has been extended to 1 April 2025.

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    Fintech / Regtech

    New Project Nexus Entity to be Established in Singapore

    By Editors | 07/11/2024

    The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

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    Securities / Derivatives

    RBI Updates Requirements for CCPs on Governance Arrangements

    By Editors | 31/10/2024

    The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

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