Reserve Bank of India

Fintech / Regtech

RBI Enhances E-mandate Limit for Recurring Transactions

By Ajoy K Das | 13/12/2023

The limit for processing e-mandates for recurring payments was increased for credit card bills, insurance premiums and mutual fund subscriptions.

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.

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.

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.

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.

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.

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.

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

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.