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CBDCs
RBI Launches Pilot to Test CBDC with Consumers, Merchants
By Editors | 02/12/2022
The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.
Liquidity Risk
RBI Allows Banks to Include SDF Balances in LCR Computation
By Editors | 01/12/2022
The RBI’s intent is to improve the ability of banks to achieve the 100 percent LCR requirement, while still using the standing deposit facility.
Clearing & Post-Trade
RBI, FSA Agree to Improve Mutual Cooperation on CCPs
By Editors | 01/12/2022
The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.
Clearing & Post-Trade
India Resists ESMA Requirements on CCP Recognition – Reports
By Manesh Samtani | 14/11/2022
ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
Payments & Settlements
RBI Eases Requirements for Rural Banks to Offer Internet Banking
By Editors | 08/11/2022
The net worth requirement and net NPA eligibility criteria have been relaxed, to promote the spread of digital banking for customers in rural areas.
CBDCs
RBI Starts Testing CBDC in G-Sec Trade Settlement
By Editors | 01/11/2022
The RBI will also commence testing of a retail CBDC “within a month” in select locations in “closed user groups comprising customers and merchants”.
PEPs & Sanctions
RBI Grants First Vostro Approvals to Russian Banks
By Editors | 26/10/2022
Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.
Clearing & Post-Trade
India: ISDA Requests Details on CCIL’s Proposed UMR Services
By Editors | 24/10/2022
ISDA has responded to CCIL proposals to create a margining and collateral service for non-centrally cleared OTC derivatives trades in India.
Cloud & Infrastructure
RBI Consults on New Master Directions on IT Governance
By Sanday Chongo Kabange | 23/10/2022
Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.
Credit Risk
RBI Tightens Rules for Unhedged Foreign Currency Exposures
By Editors | 20/10/2022
The RBI tightened rules that require banks to factor borrowers’ unhedged foreign currency exposures into their credit-granting and loss-provisioning decisions.
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