RESERVE BANK OF INDIA

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    Fintech / Regtech

    RBI to Launch Cloud Facility, Fintech Repository for Financial Sector

    By Ajoy K Das | 11/12/2023

    The cloud facility will be a dedicated public infrastructure for the financial sector. The repository will hold information about fintechs.

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    Market Infrastructure

    Indian Firms Will Be Able to List on IFSC Exchanges Next Year

    By Nithya Subramanian | 11/12/2023

    Allowing local companies to raise foreign capital from GIFT city will be key milestone, said V Balasubramaniam.

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    Market Infrastructure

    RBI in Talks With HK, US on Cross-border CBDC Payments

    By Ajoy K Das | 08/12/2023

    The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

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    Market Infrastructure

    RBI, BOE Agree to Cooperate on CCIL Information Exchange

    By Manesh Samtani | 03/12/2023

    The BOE recognises the “primacy” of the RBI in supervising India-based CCPs and agrees to rely on home country regulation and supervision.

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    India’s IFSCA to Allocate IFSC Codes to IBUs at GIFT City

    By Ajoy K Das | 01/12/2023

    IFSC codes shall be used only for cross border remittances to IBUs in GIFT City, not in domestic payment systems.

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    SEBI to Amend Regulatory Framework for Special Situation Funds

    By Editors | 30/11/2023

    The revised framework proposes a dedicated supervisory framework for Special Situation Funds, and a prohibition on investing in related parties.

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    Fintech / Regtech

    Indian Government Asks Banks to Ramp Up Cybersecurity Measures

    By Ajoy K Das | 29/11/2023

    A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda

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    Capital / Liquidity

    RBI Governor Cautions Against ‘Credit Exuberance’

    By Ajoy K Das | 23/11/2023

    RBI governor Shaktikanta Das said concentrated linkages between banks, NBFCs and fintechs may create a contagion risk.

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    Fintech / Regtech

    Indian Microfinance Body Calls Out Regulatory Gap in Fintech Lending

    By Ajoy K Das | 22/11/2023

    India’s MicroFinance Institutions Network has asked the RBI to intervene to ensure fintech lenders comply with microfinance regulations.

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    Enforcement

    RBI Undertakes Review of Penalty Framework – Report

    By Ajoy K Das | 21/11/2023

    The RBI is considering options for linking penalties to the size of regulated entities, as well as clawing back executive remuneration.

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