Reserve Bank of India

AML / KYC

SEBI Rolls Out KYC Registry Extension to Legal Entities

By Editors | 13/03/2021

Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.

Capital / Liquidity

RBI Removes IDBI Bank from PCA Framework After Four Years

By Sanday Chongo Kabange | 11/03/2021

IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.

Capital / Liquidity

RBI Mulls Tighter Limits on Bank Investment in Insurance Companies

By Ranamita Chakraborty | 06/03/2021

An RBI working group has previously recommended limiting banks to a 20 percent stage in insurers, down from 50 percent currently.

AML / KYC

UK Court Clears Extradition of Nirav Modi to India

By Ranamita Chakraborty | 02/03/2021

Indian diamond billionaire Nirav Modi has been a key suspect in the $2bn fraud at Punjab National Bank, which was first reported three years ago.

Securities / Derivatives

RBI Eases Foreign Investor Access to Defaulted Bonds

By Editors | 01/03/2021

The RBI says FPIs will be exempt from the residual maturity requirement, investment limit and investor limit when investing in defaulted corporate bonds.

India Allows Private Banks to Conduct Government Business

By Editors | 28/02/2021

Since 2012, payments for tax, pensions and other government business have largely been channelled through public sector banks.

Capital / Liquidity

RBI Exempts Foreign Sovereign Exposure from LEX Framework

By Editors | 27/02/2021

Exposures to foreign sovereigns or their central banks that are subject to a zero percent risk weight will be exempted from the large exposures framework.

Capital / Liquidity

RBI Issues New Regulatory Framework for Housing Finance Companies

By Ranamita Chakraborty | 24/02/2021

Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.

DBS Faces Legal Challenge Following Takeover of Indian Bank

By Ranamita Chakraborty | 23/02/2021

DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.