RESERVE BANK OF INDIA

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    Capital / Liquidity

    SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

    By Ranamita Chakraborty | 24/07/2023

    India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

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    AML / KYC

    RBI Steps Up Scrutiny of Bank Response to Digital Fraud

    By Mark Johnston | 22/07/2023

    The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.

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    Fintech / Regtech

    RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

    By Editors | 17/07/2023

    The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

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    Crypto / Digital Assets

    Stablecoins Threaten Policy Sovereignty, Says RBI Deputy Governor

    By Mark Johnston | 14/07/2023

    Stablecoins are only beneficial to linked economies, such as the US and Europe, but not to India, said T Rabi Sankar.

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    Crypto / Digital Assets

    HDFC Bank Implements Interoperability between CBDC and UPI

    By Editors | 13/07/2023

    HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.

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    Big Picture

    RBI Panel Proposes Measures to Boost Rupee Internationalisation

    By Mark Johnston | 10/07/2023

    The panel proposes short, medium and long term measures to increase the use of the rupee in cross-border transactions.

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    Capital / Liquidity

    RBI Extends Deadline for Co-op Banks to Meet PSL Targets

    By Editors | 09/07/2023

    “This action is taken in response to the implementational challenges experienced by these financial institutions,” the RBI said.

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    AML / KYC

    India Allows GST Network to Share Data for AML

    By Mark Johnston | 08/07/2023

    The GST Network has been added as the 26th entity that must share information with the ED and FIU under the PMLA.

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    Fintech / Regtech

    RBI Considers Developing Regulatory Framework for Fintechs

    By Editors | 07/07/2023

    Deputy governor T Rabi Sankar Sankar indicated the RBI is committed to ensuring the fintech industry is provided adequate space to grow.

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    AML / KYC

    India: Former Chair of Coop Bank Arrested on Fraud Allegations

    By Sanday Chongo Kabange | 06/07/2023

    India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.

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