RESERVE BANK OF INDIA

AML / KYC

RBI Orders Paytm Payments Bank to Stop Onboarding Clients

By Editors | 19/03/2022

The bank reportedly violated rules by allowing data to flow to servers overseas and did not properly verify thousands of customers.

Enforcement

RBI Lifts Restrictions on Digital Product Launches at HDFC

By Editors | 16/03/2022

The restrictions were imposed in 2020 in response to multiple digital outages that impacted customers. HDFC is India’s largest private bank.

Fintech / Regtech

RBI Launches New Services to Drive Digital Payments Adoption

By Editors | 15/03/2022

UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.

Fintech / Regtech

RBI Directs Selected NBFCs to Centralise Core Systems

By Sanday Chongo Kabange | 28/02/2022

Middle and upper layer NBFCs with ten or more places of operation will be required to implement a core financial services solution by 30 September 2025.

Capital / Liquidity

RBI Extends Deadline for New NBFC Asset Classification Norms

By Mark Johnston | 22/02/2022

The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.

RBI to Consolidate Reg Reporting Requirements in Single View

By Editors | 21/02/2022

The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.

Securities / Derivatives

RBI Allows Banks to Deal in Foreign Currency Settled OIS

By Editors | 15/02/2022

AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.

Securities / Derivatives

RBI Finalises Master Directions for Credit Derivatives Market

By Manesh Samtani | 14/02/2022

The revised directions are aimed at helping to develop more liquidity in the corporate bond market, especially for the bonds of lower-rated issuers.

Securities / Derivatives

RBI Raises Cap on FPI Investment in Debt Securities

By Editors | 11/02/2022

The INR 1.5 trillion limit on FPI investment via the ‘Voluntary Retention Route’ has been nearly exhausted. The new INR 2.5 trillion limit takes effect on 1 April.