Reserve Bank of India

Capital / Liquidity

RBI Working Group Proposes New Rules on Bank Ownership

By Sanday Chongo Kabange | 23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

Market Infrastructure

India’s Transition Away from LIBOR ‘Full of Challenges’

By Manesh Samtani | 19/11/2020

The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.

Capital / Liquidity

RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank

By Editors | 18/11/2020

The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.

Fintech / Regtech

WhatsApp Wins Approval to Launch Payments Service in India

By Editors | 08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.

RBI Allows Banks, NBFCs Added Co-lending Flexibility

By Editors | 08/11/2020

The new Co-Lending Model permits banks to co-lend with all registered NBFCs, providing greater operational flexibility to lenders and lowering borrower costs.

RBI Instructs Lenders to Repay ‘Interest on Interest’ to Borrowers

By Editors | 03/11/2020

Interest charged on interest for certain loans will be repaid by lenders under a government scheme, regardless of whether the loans were under moratorium.

Capital / Liquidity

RBI Defers Implementation of NSFR, Final Tranche of CCB

By Editors | 02/10/2020

The delays are a result of “continuing stress on account of Covid-19”, giving banks a further six months until 1 April 2021 to meet the higher requirements.

India: Parliament Passes Bill on Cooperative Bank Supervision

By Editors | 22/09/2020

The bill is aimed at protecting depositors and allows the RBI to restructure a cooperative bank without a moratorium period.

Crypto / Digital Assets

India Contemplates Law Banning Cryptocurrency Trading

By Sanday Chongo Kabange | 17/09/2020

The government will still encourage blockchain, and is exploring its use to manage land records, pharmaceutical supply chains and educational records.