RESERVE BANK OF INDIA

Capital / Liquidity

India to Require Biggest Corporate Borrowers to Use LEIs

By Editors | 06/11/2017

Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.

AML / KYC

RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry

By Editors | 25/10/2017

Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.

AML / KYC

India to Allow Currency Hedging by Non-resident Companies

By Samuel Riding | 19/10/2017

RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.

Enforcement

India Releases Draft Rules for Electronic Trading Platforms

By Editors | 16/10/2017

Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.

Capital / Liquidity

India Insolvency Information Utility Granted 5-year License

By Editors | 02/10/2017

Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.

Capital / Liquidity

India Interprets P2P Lenders as Non-bank Finance Companies

By Editors | 21/09/2017

Official central bank report issued last year had suggested P2P lending platforms meet $311,000 minimum capital and leverage ratio requirements.

Market Infrastructure

Banks’ Own Cryptocurrencies Herald a Revolution

By Peter Guy | 04/09/2017

Improved access for consumers and step towards cashless economy made possible by proprietary cryptocurrency systems.

RBI Issues Final Tri-party Repo Guidelines

By Garima Chitkara | 14/08/2017

The Reserve Bank of India has allowed the use of tri-party repos by commercial banks, recognised stock exchanges and clearing corporations and other approved entities.

AML / KYC

India Could Bring Bitcoin Regulation Under SEBI

By Editors | 18/07/2017

Despite earlier talk of blanket ban, panel set up in April close to agreeing model which would give bitcoin similar status to a commodity.