ADVERTISEMENT
Crypto / Digital Assets
RBI Unveils Draft Framework for Regulatory Sandbox
By Editors | 19/04/2019
The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.
Enforcement
Deloitte Indian Unit Under Investigation in IL&FS Case
By Editors | 16/04/2019
A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.
Fintech / Regtech
India to Strengthen Digital Payments with Blockchain
By Editors | 15/04/2019
The National Payments Corporation of India is soliciting interested partners to build a blockchain-powered digital payments platform for the country.
Market Infrastructure
RBI to Unify Complaints Handling for Digital Payments
By Editors | 10/04/2019
The RBI plans to speed up customer complaint processing and redressal times across all domestic payment platforms by end-June.
Capital / Liquidity
RBI Defers Mandatory Pegging of Loan Rates to External Benchmarks
By Editors | 08/04/2019
The RBI has deferred a requirement for banks to link loan rates to external benchmarks, citing difficulties the change presents to banks’ interest rate risk management.
Securities / Derivatives
RBI to Allow Non-Residents to Trade Interest Rate Derivatives
By Editors | 07/04/2019
Under draft rules, non-resident retail investors can hedge through interest rate derivatives; non-retail investors can participate for other specified purposes.
Capital / Liquidity
RBI to Draw Up New Guidance on Bad Debt Resolution
By Editors | 05/04/2019
The central bank will have to issue a revised circular for banks on bad debt resolution after a February 2018 circular was invalidated by the Supreme Court this week.
Capital / Liquidity
Vijaya, Dena Banks Start Operating as Bank of Baroda Branches
By Editors | 01/04/2019
The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.
Enforcement
India’s PNB Fined for Non-Compliance with SWIFT Norms
By Editors | 27/03/2019
The fine is significant because it was at Punjab National Bank where the $1.8b fraud occurred that prompted the RBI’s order for banks to link their core systems with SWIFT.
Fintech / Regtech
RBI to Issue Regulatory Sandbox Guidelines Within 2 Months
By Editors | 26/03/2019
The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team