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Enforcement
RBI Launches Online Platform for Financial Complaints
By Editors | 25/06/2019
The new Complaint Management System allows customers of regulated financial entities in India to lodge complaints against those entities online.
Securities / Derivatives
RBI Retail FX Trading Platform Set for 5 August Launch
By Editors | 21/06/2019
The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.
Capital / Liquidity
RBI to Step Up Monitoring of Shadow Banking Sector
By Editors | 11/06/2019
Governor Shaktikanta Das says the RBI will increase its monitoring of NBFCs and issue final liquidity risk management rules for the sector “soon”.
Securities / Derivatives
RBI to Roll Out Retail FX Trading Platform in August
By Editors | 10/06/2019
The new trading platform is expected to improve pricing by unifying the existing fragmented market structure.
Capital / Liquidity
UPDATED – RBI Issues New Framework for Stressed Asset Resolution
By Garima Chitkara | 10/06/2019
The new norms replace the February 2018 rules on the resolution of stressed assets that were struck down by the Supreme Court earlier this year.
Market Infrastructure
UPDATED – RBI Removes RTGS, NEFT Fund Transfer Fees
By Editors | 07/06/2019
Industry players and banking experts say the move will not only boost digital payments, but also make transactions faster, safer and cost-effective.
Market Infrastructure
RBI Publishes Payment Systems Benchmarking Report
By Editors | 06/06/2019
Further efforts are needed to reduce paper clearing and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.
Enforcement
UPDATED – RBI Bans EY Member Firm from Auditing Banks
By Editors | 05/06/2019
Reports indicate the RBI had found large discrepancies in bad debt reported by banks for the 2015-2016 period, particularly in the cases of Axis Bank and YES Bank.
Capital / Liquidity
RBI Amends Large Exposures Framework for Banks
By Editors | 04/06/2019
The modified framework excludes all entities connected with the sovereign from definition of group of connected counterparties, such as exposures to or guaranteed by government.
AML / KYC
RBI Allows Banks to Use Aadhaar for KYC
By Editors | 31/05/2019
The RBI will allow banks to use Aadhaar to authenticate and verify customer identities, provided customer consent is obtained.
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