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Capital / Liquidity
RBI Proposes Liquidity Risk Management Norms for NBFCs
By Editors | 27/05/2019
Under the draft rules, NBFCs will have to meet to a 60% LCR requirement from April 2020, increasing each year to the full 100% LCR in April 2024.
Enforcement
RBI to Create New Unit to Strengthen Financial Sector Supervision
By Editors | 23/05/2019
The Reserve Bank of India has announced the establishment of a new unit to streamline its supervision and regulation of banks and financial companies.
Fintech / Regtech
SEBI Publishes Capital Markets Sandbox Framework
By Editors | 22/05/2019
SEBI’s sandbox framework for capital markets innovation comes just weeks after the RBI released its own sandbox framework for banking and payment services.
NBFCs Must Appoint Chief Risk Officer – RBI
By Editors | 20/05/2019
The CRO must function independently, with no other responsibility or ‘dual hatting’, and report directly to the MD, CEO, or risk management committee of the board.
Market Infrastructure
India to Quadruple Digital Transactions in Three Years – RBI
By Editors | 17/05/2019
In its three year roadmap for India’s payment and settlement systems, the RBI says it expects the number of digital transactions in the country to increase to 87 billion by December 2021.
Market Infrastructure
SWIFT Responds to India Cyber Threat With New Paper
By Editors | 13/05/2019
SWIFT has published a new paper to help financial institutions in India improve their monitoring of anomalous and potentially fraudulent transactions.
Enforcement
RBI Fines Multiple Payment Service Providers
By Editors | 06/05/2019
The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.
Capital / Liquidity
RBI Must Disclose Bank Inspection Reports – Supreme Court
By Editors | 03/05/2019
The RBI has been ordered by the India’s highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.
Securities / Derivatives
India Opens Foreign Investor Access to Municipal Bonds Market
By Editors | 29/04/2019
The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.
Market Infrastructure
RBI Extends LEI Deadlines for Non-Derivative Market Participants
By Editors | 29/04/2019
Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.
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