RESERVE BANK OF INDIA

Market Infrastructure

RBI Issues Final Guidelines for Forward Contracts in G-Secs

By Nithya Subramanian | 26/02/2025

Effective 2 May 2025, the guidelines establish a regulatory framework for forward contracts in the OTC market involving G-Secs.

Enforcement

RBI Lifts Business Restrictions on Kotak Mahindra Bank

By Nithya Subramanian | 18/02/2025

The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

Crypto / Digital Assets

Coinbase Discussing Market Re-entry With Indian Regulators

By Nithya Subramanian | 17/02/2025

Coinbase initially entered the Indian market in 2022 but was later forced to suspend operations.

Capital / Liquidity

India: SFBs Permitted to Link Pre-Approved Credit Lines to UPI

By Mark Johnston | 12/02/2025

Small finance banks now permitted to use pre-approved credit lines to fund UPI transactions, subject to customer consent.

Market Infrastructure

RBI Allows SEBI-registered Non-bank Brokers Access to NDS-OM

By Nithya Subramanian | 12/02/2025

Non-bank brokers can directly access NDS-OM on behalf of clients. This is expected to enhance retail trading of G-Secs.

Fintech / Regtech

RBI to Boost Security of Cross-border CNP Transactions

By Nithya Subramanian | 11/02/2025

The RBI proposes to require an additional factor of authentication for card-not-present  transactions initiated by overseas merchants or acquirers

Market Infrastructure

RBI to Review Trading, Settlement Timings of Financial Markets

By Editors | 10/02/2025

A working group will review trading and settlement timings for RBI-regulated financial markets such as interest rate and FX markets.

Capital / Liquidity

RBI Cuts Interest Rates and Defers New Banking Rules

By Manesh Samtani | 08/02/2025

The interest rate cut is the first in nearly five years. Implementation of three major banking regulations will be deferred.

Crypto / Digital Assets

MobiKwik, Cred Become First Non-Banks to Offer CBDCs in India

By Nithya Subramanian | 05/02/2025

The e-rupee wallets allow users to send funds to and receive funds from other e-rupee wallets as well as regular bank accounts using UPI.