RESERVE BANK OF INDIA

RBI Adjusts Resolution Framework to Benefit More Borrowers

By Ranamita Chakraborty | 10/06/2021

More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India’s second Covid-19 wave.

RBI Issues Final Directions on Certificate of Deposit Issuance

By Ranamita Chakraborty | 09/06/2021

Banks are not allowed to grant loans against CDs, but they are now permitted to buy back CDs before maturity, subject to certain conditions.

Enforcement

RBI Penalises HDFC Over Sale of Non-financial Products

By Editors | 02/06/2021

HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.

AML / KYC

2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies

By Sanday Chongo Kabange | 01/06/2021

The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.

Capital / Liquidity

RBI Warns Banks to Prepare for Higher Provisioning

By Manesh Samtani | 31/05/2021

Banks will need to closely monitor their asset quality in the coming quarters, the RBI said in its annual report.

Market Infrastructure

RBI Enables Private Banks to Conduct Government Business

By Editors | 18/05/2021

Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.

Crypto / Digital Assets

RBI Asks Banks to Cut Ties With Cryptocurrency Exchanges

By Sanday Chongo Kabange | 17/05/2021

The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.

Market Infrastructure

RBI to Review Supervisory Process for Banks, UCB, NBFCs

By Ranamita Chakraborty | 12/05/2021

Firms are invited to help the RBI review its supervisory processes for the banking sector and the supervisory ratings models used for UCBs and NBFCs.

Capital / Liquidity

RBI Announces Support Measures for Second Covid Wave

By Editors | 05/05/2021

The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.