RESERVE BANK OF INDIA

Fintech / Regtech

RBI Finalises Recognition Framework for Fintech SROs

By Ajoy K Das | 01/06/2024

Entities seeking to become self-regulatory organisations in the fintech sector may submit an application with the RBI.

Fintech / Regtech

RBI Announces Launch of Three New Fintech Initiatives

By Ajoy K Das | 31/05/2024

The RBI launched a new application portal, a mobile app for G-Secs trading, and repositories containing FinTech and EmTech data.

Enforcement

RBI Imposes Restrictions on Two Edelweiss Group Firms

By Ajoy K Das | 31/05/2024

The Edelweiss companies were found to be acting in concert to “evergreen” stressed loans and circumvent regulations.

Fintech / Regtech

India to Bring UPI to 20 Countries by 2029: RBI

By Ajoy K Das | 31/05/2024

India is exploring FPS and multilateral inter-linkages with countries in the EU and South Asia, the RBI said in its annual report.

Securities / Derivatives

RBI Relaxes Margin Requirements for Derivatives

By Ajoy K Das | 13/05/2024

Regulatory amendments are intended to make it easier for foreign investors to invest in derivatives.

Capital / Liquidity

RBI Finalises Margin Rules for Non-Cleared OTC Derivatives

By Manesh Samtani | 13/05/2024

The master direction on VM and IM exchange for non-centrally cleared OTC derivatives will enter into force from 8 November 2024.

Fintech / Regtech

RBI Lifts Restrictions on Bank of Baroda Mobile App

By Ajoy K Das | 12/05/2024

The bank was barred from onboarding customers on its ‘BoB World’ app following misuse by employees.

Capital / Liquidity

RBI Directs NBFCs to Limit Cash Disbursals for Gold Loans

By Ajoy K Das | 10/05/2024

The Income Tax Act prohibits any individual from receiving more than INR 20,000 as a loan amount in cash.

Sanctions

Russia Investing Accumulated Rupees in India – Reports

By Editors | 08/05/2024

Russia is no longer looking to repatriate its rupees as it can now invest in Indian stocks and government securities.