RESERVE BANK OF INDIA

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    AML / KYC

    RBI Fines Amazon Pay’s India Unit for Breaching Local Norms

    By Editors | 09/03/2023

    Local reports say Amazon Pay as well as other fintech players are being penalised for delays in migrating to video-based KYC.

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    Securities / Derivatives

    India Supreme Court Orders Probe into Adani Group

    By Editors | 03/03/2023

    A committee has been formed to examine the Hindenburg allegations against Adani Group and suggest measures to protect investors. A probe by SEBI was also ordered.

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    ESG / Sustainability

    Ten Ways to Finance India’s Just Transition

    By ESG Investor | 02/03/2023

    Investing in a socially responsible net zero represents a “multi-trillion, multi-decade investment opportunity”, according to group of multi-stakeholders.

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    Fintech / Regtech

    RBI Publishes Full List of Payment Aggregator Approvals

    By Editors | 22/02/2023

    This is the first time the RBI has published a list of entities that sought approval to act as online payment aggregators.

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    Market Infrastructure

    French, German Banks Get More Time to Solve India CCP Issue

    By Mark Johnston | 21/02/2023

    French and German regulators will give banks 18 extra months to find new ways to settle India trades, following ESMA decision to de-recognise Indian CCPs.

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    Fintech / Regtech

    Singapore, India Launch Real-time Payments Linkage

    By Editors | 21/02/2023

    The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

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    Fintech / Regtech

    RBI Launches Second Global Digital Innovation Hackathon

    By Editors | 21/02/2023

    The problem statements relate to digital banking services, priority sector lending, CBDC transactions, and blockchain scalability.

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    Securities / Derivatives

    RBI Issues Draft Rules Permitting G-Sec Borrowing & Lending

    By Editors | 20/02/2023

    Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.

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    Securities / Derivatives

    RBI Issues Draft Guidelines on Market Risk Capital Requirements

    By Editors | 20/02/2023

    The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.

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    Market Infrastructure

    RBI to Permit Borrowing and Lending of Government Bonds

    By Manesh Samtani | 09/02/2023

    The RBI also decided to restore pre-pandemic market hours for G-secs and release new guidelines on climate risk and sustainable finance “in a phased manner”.

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