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Capital / Liquidity
RBI to Transfer $24bn to Govt on Committee Recommendation
By Editors | 28/08/2019
The transfer will comprise of a $17.2bn income surplus and $7.4bn in excess provisions resulting from a newly revised economic capital framework for the RBI.
Crypto / Digital Assets
RBI Issues Enabling Framework for Regulatory Sandbox
By Editors | 14/08/2019
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
Capital / Liquidity
RBI Props Up NBFCs Through On-Lending Guidance
By Editors | 14/08/2019
Banks are mandated to lend a portion of their funds to priority sectors. Allowing NBFCs to serve as middlemen for such lending provides them a liquidity backstop.
Market Infrastructure
RBI Task Force Suggests Enhancements to Onshore Rupee Market
By Editors | 10/08/2019
The task force recommends implementation of margin requirements for non-centrally cleared OTC derivatives “at the earliest”.
Capital / Liquidity
RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs
By Editors | 09/08/2019
The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.
Enforcement
RBI Issues Fines on Multiple Banks Totalling $2.9mn
By Editors | 06/08/2019
The fines, involving 15 banks in total, were related to delays in reporting fraud and non-compliance with various other RBI norms.
Market Infrastructure
RBI Tightens Criteria for Board Appointments at State Banks
By Editors | 05/08/2019
The revised criteria for determining the ‘fit and proper’ status of proposed candidates include age, education, experience, and track record, among other criteria.
Capital / Liquidity
RBI Eases Rules on Overseas Borrowing for NBFCs
By Editors | 01/08/2019
NBFCs can use overseas borrowings to fund working capital, repay rupee loans, and on-lend to domestic customers. Banks can also sell distressed loans to eligible overseas lenders.
Fintech / Regtech
India Enables Consent-Based Financial Data Sharing
By Manesh Samtani | 26/07/2019
Four years of collaboration between India’s major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.
Capital / Liquidity
RBI Urges Better Risk Monitoring, Faster NPA Resolution at State Banks
By Editors | 23/07/2019
RBI governor Shaktikanta Das asked state-owned banks to speed up bad debt recovery efforts, strengthen internal controls and risk monitoring, and help fix the ongoing NBFC liquidity crisis.
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