RESERVE BANK OF INDIA

ESG / Sustainability

RBI Issues Draft Disclosure Framework for Climate Risk

By Ajoy K Das | 01/03/2024

Disclosures on governance, strategy and risk management will start from fiscal 2026, and on metrics and targets from fiscal 2028.

RBI Consolidates Reg Reporting Instructions Into Single Document

By Ajoy K Das | 29/02/2024

The consolidation exercise was aimed at creating a single reference for all supervisory returns and harmonising the timelines for return submissions.

Fintech / Regtech

RBI Opens Prepaid Payment Instrument Market for Public Transport

By Ajoy K Das | 26/02/2024

Banks and non-banks can issue PPIs for use on public transport, with prepaid balances capped at INR 3000.

India Proposes Collateral Rules for Cross-border Reinsurance Transactions

By Ajoy K Das | 24/02/2024

IRDAI said the proposed requirements would protect the interest of the policyholders and insurers as well as promote a healthy and robust insurance ecosystem.

AML / KYC

RBI Directs Card Networks to Stop Facilitating Certain B2B Payments

By Ajoy K Das | 19/02/2024

Card networks should not enable businesses to use fintech players as intermediaries to make card payments to non-card accepting recipients.

Fintech / Regtech

RBI Defers Effective Date of Paytm Payments Bank Restrictions

By Editors | 18/02/2024

The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.

Fintech / Regtech

India, Nepal Ink Pact to Integrate Fast Payments Systems

By Ajoy K Das | 16/02/2024

The RBI has agreed to interlink the UPI with its counterpart in Nepal to enable instant and lower cost cross-border remittances.

Securities / Derivatives

RBI Allows Banks at GIFT City to Trade on Bullion Exchange

By Ajoy K Das | 13/02/2024

Branches of domestic banks in GIFT City can be trading members of IIBX but not for proprietary trades.

Securities / Derivatives

India: RBI Deputy Governor Urges NBFCs to Monitor P2P Lending

By Ajoy K Das | 13/02/2024

Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.