Reserve Bank of India

PEPs & Sanctions

RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions

By Editors | 15/02/2021

Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.

Liquidity Risk

RBI Extends Liquidity Support Measures for Financial Sector

By Editors | 10/02/2021

The RBI has deferred implementation of the NSFR and the final tranche of the CCB, while also extending a number of other liquidity-boosting initiatives.

Trading & Investment

RBI Allows Indian Residents to Open GIFT City Accounts

By Editors | 09/02/2021

Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.

Operational Risk

RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs

By Sanday Chongo Kabange | 07/02/2021

Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.

Credit Risk

India Announces Support for Banks in Budget for New Fiscal Year

By Editors | 02/02/2021

The budget includes the establishment of a ‘bad bank’ to take over banks’ bad assets and a plan to inject INR 200 billion into state lenders.

Cryptocurrency

India Set to Introduce Bill Banning Private Cryptocurrencies

By Editors | 01/02/2021

The proposed bill will also provide for the creation of a framework for an official digital currency that will be issued by the RBI.

Conduct, Culture & Accountability

RBI Enhances Rules for Banks’ Grievance Redress Mechanisms

By Editors | 30/01/2021

The framework provides a mechanism for the ombudsman to recover the cost of redressal from banks whose complaints exceed their peer group average.

Sustainable Finance

Policy Rethink Needed to Promote Green Finance Development in India

By Manesh Samtani | 27/01/2021

India needs a policy framework that addresses existing frictions at both the national and state levels, says a new paper from the RBI.

Emerging Prudential Risks

RBI Proposes New Regulatory Approach to Contain NBFC Risks

By Editors | 25/01/2021

About 25 to 30 NBFCs considered systemically significant will have to maintain a 9% CET1 ratio and be subject to a range of other bank-like regulatory requirements.