RESERVE BANK OF INDIA

RBI to Review Customer Service Standards, Regulations

By Editors | 24/05/2022

The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.

RBI Assesses Six Applicants Unsuitable for Banks Licensing

By Editors | 22/05/2022

RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]

RBI Says Banks Can Continue to Label NBFC Loans as PSL

By Editors | 19/05/2022

Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.

RBI Issues Guidance for NBFCs on Senior Manager Remuneration

By Editors | 07/05/2022

NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

Capital / Liquidity

RBI Surprises Market with Interest Rate Hike

By Editors | 06/05/2022

The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

AML / KYC

India: CERT-In Includes Crypto Firms in New Directions

By Manesh Samtani | 03/05/2022

The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.

Capital / Liquidity

RBI Updates LCR Guidance for Commercial Banks

By Editors | 30/04/2022

Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.

AML / KYC

RBI Expands LEI Requirements for Corporate Borrowers

By Manesh Samtani | 26/04/2022

The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.

Capital / Liquidity

RBI Eases Capital Raising Restrictions for Rural Coop Banks

By Editors | 24/04/2022

Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.