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Capital / Liquidity
RBI Directs Banks Not to Declare Dividends for FY2020
By Editors | 06/12/2020
Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.
Market Infrastructure
RBI Chief Calls for Smooth Transition from LIBOR
By Sanday Chongo Kabange | 02/12/2020
Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.
Capital / Liquidity
Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank
By Editors | 26/11/2020
All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.
Capital / Liquidity
RBI Working Group Proposes New Rules on Bank Ownership
By Sanday Chongo Kabange | 23/11/2020
The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.
Market Infrastructure
India’s Transition Away from LIBOR ‘Full of Challenges’
By Manesh Samtani | 19/11/2020
The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.
Capital / Liquidity
RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank
By Editors | 18/11/2020
The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.
Fintech / Regtech
WhatsApp Wins Approval to Launch Payments Service in India
By Editors | 08/11/2020
The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.
RBI Allows Banks, NBFCs Added Co-lending Flexibility
By Editors | 08/11/2020
The new Co-Lending Model permits banks to co-lend with all registered NBFCs, providing greater operational flexibility to lenders and lowering borrower costs.
RBI Instructs Lenders to Repay ‘Interest on Interest’ to Borrowers
By Editors | 03/11/2020
Interest charged on interest for certain loans will be repaid by lenders under a government scheme, regardless of whether the loans were under moratorium.
Capital / Liquidity
RBI Defers Implementation of NSFR, Final Tranche of CCB
By Editors | 02/10/2020
The delays are a result of “continuing stress on account of Covid-19”, giving banks a further six months until 1 April 2021 to meet the higher requirements.
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