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Capital / Liquidity
RBI Proposes New Regulatory Approach to Contain NBFC Risks
By Editors | 25/01/2021
About 25 to 30 NBFCs considered systemically significant will have to maintain a 9% CET1 ratio and be subject to a range of other bank-like regulatory requirements.
Capital / Liquidity
RBI Warns of Deteriorating Asset Quality, Capital Buffers
By Editors | 14/01/2021
Stress tests indicate 4 banks may fail to meet minimum capital requirements by September 2021 under the baseline scenario.
Fintech / Regtech
RBI to Explore New Regulatory Approach to Digital Lenders
By Editors | 14/01/2021
A new working group has been formed to study the risks of digital lending activities and recommend regulatory changes to enhance consumer protection and data security.
Market Infrastructure
RBI Directs Banks to Enhance Internal Audit Function
By Editors | 12/01/2021
Banks are encouraged to adopt the international standards for internal audit, such as those issued by the BCBS or the Institute of Internal Auditors.
AML / KYC
RBI Mandates LEI Use for Large Payments via RTGS, NEFT
By Manesh Samtani | 06/01/2021
From 1 April 2021, all non-individual bank customers initiating or receiving transactions over 500m rupees via the RTGS or NEFT systems will need an LEI.
AML / KYC
RBI Announces Extension of KYC Registry to Legal Entities
By Editors | 22/12/2020
The RBI said regulated entities should upload KYC data pertaining to accounts of legal entities to the Central KYC Registry from 1 April 2021.
Fintech / Regtech
RBI Invites Firms to Test Cross-border Payments Tech in Sandbox
By Editors | 21/12/2020
The RBI has reduced the net worth requirement of participating firms and said it will allow partnerships and LLPs to participate.
Market Infrastructure
India’s RTGS System to Be Available 24×7 from Monday
By Editors | 09/12/2020
RTGS members banks are directed to inform their customers of the change and to put in place necessary infrastructure to provide RTGS around the clock.
Capital / Liquidity
RBI Allows Regional Rural Banks to Access Liquidity Facilities
By Editors | 08/12/2020
To date, regional rural banks have not been permitted to access the RBI’s liquidity windows or the Call/Notice market.
Securities / Derivatives
RBI to Enhance Guidelines for OTC Derivatives, CDS, Money Markets
By Editors | 08/12/2020
The RBI is looking to enhance governance of OTC derivatives market makers, establish consistency in money market and debt instruments, and update its CDS guidelines.
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