Reserve Bank of India

Capital / Liquidity

RBI Issues Draft Revisions to Liquidity Rules for Banks

By Ajoy K Das | 26/07/2024

Banks will have to assign an additional run-off factor for retail deposits enabled with internet and mobile banking facilities.

AML / KYC

RBI Revises Framework for Domestic Money Transfer Services

By Ajoy K Das | 25/07/2024

The revisions tighten KYC record keeping, AFA validation and transaction message requirements for domestic money transfers.

Securities / Derivatives

India Hikes Taxes on Equity Investment Gains, Derivatives Trades

By Ajoy K Das | 25/07/2024

The national budget increases capital gains tax for equity investments and the transaction tax for futures and options. The tax on long term bond gains was reduced.

Fintech / Regtech

RBI Flags Concerns Over Digital Fraud, Outsourcing Risks

By Ajoy K Das | 24/07/2024

RBI governor Shaktikanta Das called on banks to strengthen customer onboarding and transaction monitoring to address digital fraud.

Securities / Derivatives

SEBI to Consult on Tighter Derivative Trading Rules Soon

By Ajoy K Das | 20/07/2024

SEBI is expected to adopt a two-stage approach for imposing tighter restrictions on derivatives trading.

AML / KYC

RBI Updates Fraud Risk Management Rules for Regulated Entities

By Ajoy K Das | 16/07/2024

The revised master directions mandate the establishment of data analytics and market intelligence units within REs to strengthen fraud risk management systems.

Capital / Liquidity

RBI Red Flags Bank Accounts Used for Fraud and Evergreening

By Ajoy K Das | 12/07/2024

Banks should rationalise accounts and enforce stringent control measures through proper reporting to the audit committee of the board, said Swaminathan.

Capital / Liquidity

RBI Permits Banks to Use Ratings by Brickwork Ratings India

By Ajoy K Das | 12/07/2024

SEBI had cancelled Brickwork’s registration as a CRA in 2022, but the central bank now has allowed banks to use its ratings for loans up to INR 2.5 billion.

RBI Further Opens GIFT City Banking to Indian Residents

By Ajoy K Das | 12/07/2024

The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.