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Capital / Liquidity
RBI Removes Indian Overseas Bank From PCA Framework
By Editors | 03/10/2021
The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.
Capital / Liquidity
RBI Finalises Guidelines on Loan Sales, Securitisation
By Ranamita Chakraborty | 30/09/2021
The new master directions will help develop India’s securitisation market and help lenders remove loan exposures from their books.
Market Infrastructure
RBI Amends FX Rules for Exports to Facilitate LIBOR Transition
By Editors | 29/09/2021
Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.
Market Infrastructure
IFSCA to Establish International Arbitration Centre in GIFT City
By Ranamita Chakraborty | 24/09/2021
IFSCA chairperson Injeti Srinivas says the authority is close to setting up an International Arbitration Centre in GIFT City.
Securities / Derivatives
RBI Finalises Guidelines for OTC Derivatives Market Makers
By Manesh Samtani | 23/09/2021
The guidelines impose requirements on governance, dealing conduct, risk management, internal control, internal audit and record-keeping.
Capital / Liquidity
India Authorises Sovereign Guarantee for New ‘Bad Bank’
By Editors | 20/09/2021
India’s new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
AML / KYC
RBI Invites NBFCs to Apply for Aadhaar Authentication Licences
By Editors | 17/09/2021
With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.
Enforcement
SEBI Settles YES Bank Case of Selective Disclosures
By Editors | 15/09/2021
YES Bank allegedly made selective disclosures regarding its asset quality, and did not disclose regulatory breaches identified by the RBI.
Fintech / Regtech
RBI Opens Applications for Third Sandbox Cohort
By Editors | 15/09/2021
Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.
Fintech / Regtech
Singapore, India to Enable Real-time Cross-border Payments
By Sanday Chongo Kabange | 15/09/2021
The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
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