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Capital / Liquidity
Negative Income Shock Could Wipe Out RBI Capital Reserves – Study
By Manesh Samtani | 28/01/2019
The core capital held by the RBI is “too low” and could compromise its ability to manage risks, respond to negative income shocks and maintain operational independence.
Market Infrastructure
India Mulls Loosening Norms for New Players in Retail Payments
By Garima Chitkara | 22/01/2019
Concerned about the concentration risk posed by the NPCI, the central bank has proposed relaxing some requirements for new firms looking to operate payment systems in India.
Capital / Liquidity
India Liberalises Framework for Overseas Borrowing
By Editors | 17/01/2019
Eligible domestic borrowers can borrow up to $750mn per year in foreign currency or rupees from any entity in a country which is FATF or IOSCO compliant.
Market Infrastructure
RBI Eyes Rules to Match CEO Pay to Bank Financial Health
By Editors | 17/01/2019
The Reserve Bank of India plans to provide guidance rules to bank boards on setting CEO remuneration, based on certain performance-related metrics.
Market Infrastructure
India to Force Foreign Brokers to Store Data Locally
By Editors | 15/01/2019
SEBI plans to mandate that data on Indian customers be stored on local servers, or for a real-time backup to be created to enable access from within the country.
Enforcement
RBI Imposes Monetary Penalty on Citibank India
By Editors | 14/01/2019
The ₹30mn penalty is based on deficiencies in regulatory compliance related to ‘fit and proper’ requirements for bank directors.
Capital / Liquidity
India Delays Implementation Of Capital Conservation Buffer By One Year
By Editors | 11/01/2019
The RBI has announced the final tranche of the capital conservation buffer will be applicable from 31 March 2020 instead of 31 March 2019.
Capital / Liquidity
RBI Turns Down Bank Requests for Special Classification of IL&FS Loans
By Editors | 10/01/2019
Banks will need to provision for IL&FS assets at the standard rate of 15% in the first year in the December quarter and will not get the six month reprieve they had asked for.
Market Infrastructure
UPDATED – Losses from Bank Fraud Up 72 Percent – RBI
By Editors | 07/01/2019
According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.
Capital / Liquidity
Easing Bank Capital Requirements Would Hurt Economy – RBI
By Editors | 03/01/2019
The RBI says that current provisioning is inadequate to cover future losses from bad loans, which have been underrecognised by Indian banks.
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