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SEBI Allows Payments Banks to Perform Investment Bank Activities
By Ranamita Chakraborty | 10/08/2021
Payments banks will be able to accept application money, allotment or call money, and make payments of dividend or interest warrants.
Capital / Liquidity
India Progresses Key Deposit Insurance Reforms
By Editors | 09/08/2021
The reforms will enable customers to access their deposits within 90 days if a bank is unable to fulfill its obligations due to a moratorium.
Capital / Liquidity
RBI Extends Liquidity Facilities for Banks, NBFCs
By Editors | 09/08/2021
The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.
UPDATED – RBI Extends Deadline for Current Account Restrictions
By Editors | 09/08/2021
The extension is being provided to ensure customers are “not put to undue inconvenience during the implementation process”.
Market Infrastructure
RBI Amends Guidelines to Facilitate LIBOR Transition
By Manesh Samtani | 08/08/2021
Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
Market Infrastructure
RBI Issues Outsourcing Framework for Payment System Operators
By Sanday Chongo Kabange | 05/08/2021
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
Market Infrastructure
RBI Opens RTGS, NEFT to Non-bank Payment System Providers
By Editors | 29/07/2021
Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.
Fintech / Regtech
RBI Working Towards Phased Implementation of CBDC
By Sanday Chongo Kabange | 25/07/2021
Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.
Capital / Liquidity
Indian Banks Set to Apply for ‘Bad Bank’ Operating Licence
By Ranamita Chakraborty | 21/07/2021
The bad bank will be 51% owned by public sector banks. The remaining shares will be owned by private sector lenders.
Market Infrastructure
Axis Bank Announces First Derivative Transaction Linked to SOFR
By Ranamita Chakraborty | 17/07/2021
SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.
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