Reserve Bank of India

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    Enforcement

    SEBI Probes Nippon Mutual Fund, Yes Bank Transactions – Report

    By Editors | 20/01/2023

    SEBI is investigating whether investments in Yes Bank perpetual bonds were made as part of a special deal to benefit Ambani Group companies.

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    Capital / Liquidity

    RBI Tightens Rules on Ownership of Bank Shares

    By Mark Johnston | 17/01/2023

    The rules are intended to ensure control and ownership stay “well-diversified” and major shareholders are ‘fit and proper’.

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    Capital / Liquidity

    RBI Proposes to Adopt ECL Approach for Loan Provisioning

    By Manesh Samtani | 17/01/2023

    Indian banks currently still use the incurred loss model, which the RBI says delays NPA identification, loan reclassification, and provisioning.

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    AML / KYC

    Banks Can Perform Re-KYC Process Remotely, Says RBI

    By Editors | 10/01/2023

    If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.

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    ESG / Sustainability

    India to Issue First Sovereign Green Bonds on 25 January

    By Editors | 09/01/2023

    There will be no limit on overseas investment in the $1.9bn sovereign green bond issuance. Five percent of the sale will be reserved for retail investors.

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    Capital / Liquidity

    Indian Banks Can Withstand Even Severe Stress Conditions: RBI

    By Editors | 07/01/2023

    RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

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    Market Infrastructure

    RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

    By Mark Johnston | 05/01/2023

    The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

    ESG / Sustainability

    RBI Official Calls for Structural Changes to Scale Up Green Finance

    By Editors | 27/12/2022

    Deputy governor M Rajeshwar Rao said a formal definition of green finance and a taxonomy are needed, along with a robust ecosystem for third-party verification and assurance.

    Capital / Liquidity

    RBI Directs Banks to Improve Financial Statement Disclosures

    By Editors | 22/12/2022

    The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.

    Securities / Derivatives

    RBI Lifts Restrictions on Offshore Rupee Trades by Banks

    By Editors | 17/12/2022

    Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

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