ADVERTISEMENT
Capital / Liquidity
RBI Removes UCO Bank From PCA Framework
By Ranamita Chakraborty | 12/09/2021
UCO Bank is no longer in breach of the PCA parameters based on its latest results. Only Indian Overseas Bank and Central Bank of India remain under the PCA framework.
Fintech / Regtech
RBI Account Aggregator Framework Brings Open Banking to India
By Editors | 12/09/2021
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
Securities / Derivatives
RBI to Enable Settlement of G-secs through ICSDs
By Editors | 04/09/2021
The move will enhance access for non-resident investors and facilitate the inclusion of Indian G-secs in global bond indices.
Fintech / Regtech
RBI Halts Plan to Allow New Umbrella Entities in Retail Payments
By Editors | 01/09/2021
The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India’s data localisation rules.
Fintech / Regtech
India Targets December for CBDC Pilot Testing
By Sanday Chongo Kabange | 31/08/2021
RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.
Capital / Liquidity
RBI Panel Proposes New Regulatory Framework For UCBs
By Sanday Chongo Kabange | 26/08/2021
The RBI panel recommends a four-tier structure for regulating UCBs, and the establishment of an umbrella organisation to oversee them.
Market Infrastructure
RBI Says Only Visa Complies With Data Localisation Rules
By Ranamita Chakraborty | 19/08/2021
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
Securities / Derivatives
RBI Loosens Restriction on Foreign Sovereign Bond Holdings
By Sanday Chongo Kabange | 19/08/2021
Foreign sovereign bonds will not count towards a regulatory cap on holdings of overseas listed securities, the RBI reportedly told some banks in a notice.
Market Infrastructure
RBI Launches New Index to Track Financial Inclusion Metrics
By Editors | 18/08/2021
The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.
RBI Issues Consultation on Overseas Investments Rules
By Editors | 11/08/2021
The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team