Reserve Bank of India

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    Capital / Liquidity

    RBI’s Revised Norms on Fair Lending Practice Effective from April

    By Ajoy K Das | 19/01/2024

    Starting April, lenders can impose reasonable penal charges only on the amount of loan under default in a non-discriminatory manner as per their board approved policy.

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    Market Infrastructure

    Google Pay and India’s NIPL Ink Pact to Expand UPI Globally

    By Ajoy K Das | 18/01/2024

    The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.

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    Capital / Liquidity

    RBI Proposes Harmonised Regulatory Framework for HFCs and NBFCs

    By Ajoy K Das | 18/01/2024

    The central bank proposes higher liquid assets for housing finance companies, smaller aggregate deposits, and permission to issue co-branded credit cards with banks.

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    Fintech / Regtech

    RBI Issues Draft Norms for Fintech SROs

    By Ajoy K Das | 16/01/2024

    Fintech SROs must strike a balance between facilitating innovation and implementing regulatory requirements that protect consumers and contain risks.

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    AML / KYC

    RUSI, FFIS Urge Greater Cross-Sector Collaboration on FinCrime

    By Ranamita Chakraborty | 11/01/2024

    The new report highlighted the underutilisation of payments infrastructure in economic crime analysis, citing challenges in policymaking.

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    Market Infrastructure

    GIFT City Regulator Directs IBUs to Improve Cross-border Payments

    By Ajoy K Das | 09/01/2024

    IFSC Banking Units are asked to use Swift GPI and to explore how they can further speed up their processing of cross border payments.

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    AML / KYC

    RBI Clarifies PEPs Definition in KYC Master Direction

    By Ajoy K Das | 06/01/2024

    The updated definition clarifies that PEPs include a person who “is entrusted by a foreign country with a public function”.

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    Securities / Derivatives

    RBI Consolidates Norms for Currency Derivatives

    By Ajoy K Das | 06/01/2024

    Retail users can be classified as non-retail if an authorised dealer is satisfied that they have the requisite risk management capabilities.

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    Capital / Liquidity

    RBI Proposes to Tighten Dividend Payout Norms for Banks

    By Ajoy K Das | 04/01/2024

    For a bank to distribute dividends, its net NPA ratio must be below 6%, with the maximum payout ratio capped at 50%.

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    Fintech / Regtech

    RBI Offers 10-Point Checklist for AI Deployment in Banking

    By Ajoy K Das | 04/01/2024

    M Rajeshwar Rao said the banking sector needs to address concerns over the fairness, transparency and governance or AI models.

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