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Capital / Liquidity
RBI Issues Revised Regulatory Framework for UCBs
By Editors | 08/12/2022
The four-tiered regulatory framework for UCBs will allow the RBI to prescribe more differentiated requirements based on size.
Fintech / Regtech
NPCI Extends UPI Market Cap Compliance Deadline to End 2024
By Mark Johnston | 07/12/2022
The NPCI has for the third time extended its compliance deadline for imposing a 30 percent market cap limit on UPI payment apps.
Market Infrastructure
RBI Adds Modified MIFOR to List of Significant Benchmarks
By Editors | 05/12/2022
The Modified MIFOR curve will replace the FBIL MIFOR curve for new contracts, using Adjusted SOFR instead of USD LIBOR.
RBI Relaxes Rules on Bank Dealings in Overseas Financial Products
By Sanday Chongo Kabange | 05/12/2022
Indian banks, through their overseas operations, are now allowed to undertake activities that would not be permitted in the domestic market.
Crypto / Digital Assets
RBI Launches Pilot to Test CBDC with Consumers, Merchants
By Editors | 02/12/2022
The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.
Capital / Liquidity
RBI Allows Banks to Include SDF Balances in LCR Computation
By Editors | 01/12/2022
The RBI’s intent is to improve the ability of banks to achieve the 100 percent LCR requirement, while still using the standing deposit facility.
Capital / Liquidity
RBI, FSA Agree to Improve Mutual Cooperation on CCPs
By Editors | 01/12/2022
The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.
Capital / Liquidity
India Resists ESMA Requirements on CCP Recognition – Reports
By Manesh Samtani | 14/11/2022
ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
Capital / Liquidity
RBI Eases Requirements for Rural Banks to Offer Internet Banking
By Editors | 08/11/2022
The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.
Crypto / Digital Assets
RBI Starts Testing CBDC in G-Sec Trade Settlement
By Editors | 01/11/2022
The RBI will also commence testing of a retail CBDC “within a month” in select locations in “closed user groups comprising customers and merchants”.
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