Reserve Bank of India

Fintech / Regtech

RBI Allows Five MSME Lending Products to Exit Sandbox

By Ajoy K Das | 31/10/2023

Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.

Fintech / Regtech

RBI Amends Account Aggregator Framework to Promote Reciprocal Data Sharing

By Ajoy K Das | 31/10/2023

The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.

RBI Raises Limit for Non-callable Term Deposits

By Editors | 30/10/2023

All term deposits below the new INR 10 million threshold will have to mandatorily offer a withdrawal option to depositors.

Crypto / Digital Assets

Indian Banks Offering Incentives to Boost CBDC Use – Report

By Ajoy K Das | 28/10/2023

Participating banks funding incentives to promote e-rupee usage in response to pressure from the RBI.

RBI Directs Credit Bureaus, Banks to Improve Services for Customers

By Ajoy K Das | 28/10/2023

CICs and credit institutions are given six months to implement a new compensation framework and customer service requirements.

Fintech / Regtech

RBI Releases Draft Master Directions on Managing Outsourcing Risks

By Ajoy K Das | 27/10/2023

The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.

Bank Boards Must Have At Least Two Whole-time Directors: RBI

By Ajoy K Das | 26/10/2023

Banks that do not currently have at least two whole-time directors on their boards must submit proposals for their appointment within four months.

Securities / Derivatives

RBI Allows Retail Investors to Access FRSBs Through Direct Portal

By Ajoy K Das | 24/10/2023

Until now, floating rate savings bonds were only available to retail investors through select branches of State Bank of India and certain other institutions.

Fintech / Regtech

India to Add More Banks to Singapore Payments Linkage – Report

By Sanday Chongo Kabange | 19/10/2023

India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.