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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.
Fintech / Regtech
India to Introduce Digital Rupee in Coming Fiscal Year
By Manesh Samtani | 03/02/2022
Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.
Market Infrastructure
SEBI Temporarily Suspends Overseas Investments by Mutual Funds
By Editors | 02/02/2022
The mutual fund industry is reportedly close to breaching a USD 7 billion industry-wide limit on overseas investments.
Capital / Liquidity
India: Unity Small Finance Bank Takes Over PMC Bank Branches
By Sanday Chongo Kabange | 01/02/2022
Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.
RBI Allows More NBFCs to Undertake Factoring Business
By Editors | 23/01/2022
The change will increase the number of NBFCs eligible to undertake factoring business from 7 to 182.
Capital / Liquidity
RBI Proposes New Classification Norms for Bank Investments
By Editors | 14/01/2022
The RBI proposes to divide banks’ investment portfolios into three categories – held-to-maturity, available for sale, and fair value through profit and loss account.
Capital / Liquidity
RBI Updates Liquidity Standards to Align with Basel Norms
By Editors | 11/01/2022
The RBI has raised the deposit threshold under which small business customers can be managed as retail deposits for the purposes of LCR and NSFR.
Fintech / Regtech
RBI Establishes Dedicated Fintech Unit to Promote Innovation
By Editors | 10/01/2022
The new department will seek to promote innovation in the financial sector including by exploring policy interventions by the RBI.
Market Infrastructure
RBI Issues Eligibility Criteria for Use of Credit Information Services
By Sanday Chongo Kabange | 07/01/2022
More entities will become eligible to tap credit information disseminated by CICs, which observers say will benefit digital lenders and neobanks.
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