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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The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.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.
RBI to Require Banks, NBFCs to Seek Annual Auditor Approval
By Editors | 03/05/2021
Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.
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