RESERVE BANK OF INDIA

Capital / Liquidity

India’s Government, RBI Close to Solution on Bank Lending Dispute

By Garima Chitkara | 15/11/2018

The government and RBI have reached a temporary agreement on some issues after an unprecedented public spat between the two caused alarm about the central bank’s independence.

Capital / Liquidity

RBI Permits Banks to Provide Credit Enhancements to NBFC Bonds

By Editors | 05/11/2018

Banks can act as partial credit guarantors on bonds issued by NBFCs and HFCs to refinance existing debt, enhancing their credit ratings and making them more attractive to investors.

Capital / Liquidity

RBI Eases Liquidity Norms to Support Non Bank Financing Sector

By Garima Chitkara | 22/10/2018

The RBI has increased the carve out for government securities used in LCR computations against statutory liquidity ratios, and increased the lending ceiling to a single NBFC.

Fintech / Regtech

RBI Issues Guidelines Enabling Interoperability Between Payment Systems

By Manesh Samtani | 17/10/2018

E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.

Capital / Liquidity

RBI Releases Governance, Capital Criteria for CCPs

By Garima Chitkara | 16/10/2018

Foreign CCPs need to adhere to the same governance and capital requirements as domestic CCPs to apply for authorisation from the RBI.

Securities / Derivatives

India Proposes New Route for Foreign Investors in Debt Markets

By Garima Chitkara | 08/10/2018

Under the ‘Voluntary Retention Route’, FPIs will be exempt from current caps and concentration limits provided they voluntarily commit to long-term investment in Indian debt.

Enforcement

RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay

By Editors | 02/10/2018

Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.

Enforcement

RBI Consults On Market Abuse Prevention Rules

By Garima Chitkara | 01/10/2018

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

Capital / Liquidity

RBI Tweaks Norms to Ease Bank Liquidity Crunch

By Editors | 28/09/2018

The central bank has increased the amount of government securities banks can put towards meeting LCR requirements.