Reserve Bank of India

Securities / Derivatives

RBI Issues New Rules for Financial Benchmark Administrators

By Ajoy K Das | 02/01/2024

Financial benchmark administrators operating in India must seek authorisation from the RBI within three months.

Capital / Liquidity

RBI Includes EXIM Bank, NaBFID as NDBs for NSFR Computation

By Ajoy K Das | 02/01/2024

EXIM Bank and NaBFID are now considered as National Development Banks for the purpose of NSFR computation.

RBI Issues Master Direction on Internal Ombudsman Mechanism

By Ajoy K Das | 02/01/2024

The master direction is aimed at strengthening internal grievance redressal systems at regulated entities.

Capital / Liquidity

RBI Moves SBI and HDFC to Higher Buckets on D-SIBs List

By Nithya Subramanian | 29/12/2023

SBI and HDFC will have to maintain higher CET1 requirements from 1 April 2025. ICICI remains in the same bucket.

Securities / Derivatives

RBI Finalises Rules for G-Sec Borrowing and Lending

By Ajoy K Das | 28/12/2023

Securities issued by the central government excluding Treasury Bills are eligible for lending and borrowing in GSL transactions.

Market Infrastructure

RBI Proposes to Introduce New Category of Money Changers

By Ajoy K Das | 28/12/2023

The RBI proposes to allow businesses to deal in foreign exchange through an agency model by becoming forex correspondents of authorised dealer banks.

Enforcement

India Competition Commission Proposes New Penalty Computation Rules

By Ajoy K Das | 27/12/2023

The CCI says indirect taxes, trade discounts and intra-group sales will be excluded from turnover when calculating penalties for competition law violations.

Market Infrastructure

RBI Issues Draft Framework for SROs of Regulated Entities

By Ajoy K Das | 23/12/2023

The framework sets out the responsibilities of SROs, expectations on governance, and eligibility criteria for recognition as SROs.

Fintech / Regtech

RBI Enables Card-on-File Tokenisation at Issuer Level

By Ajoy K Das | 22/12/2023

Token generation by card issuing banks and institutions will be possible with cardholder consent and AFA validation.