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Capital / Liquidity
RBI Defers Mandatory Pegging of Loan Rates to External Benchmarks
By Editors | 08/04/2019
The RBI has deferred a requirement for banks to link loan rates to external benchmarks, citing difficulties the change presents to banks’ interest rate risk management.
Securities / Derivatives
RBI to Allow Non-Residents to Trade Interest Rate Derivatives
By Editors | 07/04/2019
Under draft rules, non-resident retail investors can hedge through interest rate derivatives; non-retail investors can participate for other specified purposes.
Capital / Liquidity
RBI to Draw Up New Guidance on Bad Debt Resolution
By Editors | 05/04/2019
The central bank will have to issue a revised circular for banks on bad debt resolution after a February 2018 circular was invalidated by the Supreme Court this week.
Capital / Liquidity
Vijaya, Dena Banks Start Operating as Bank of Baroda Branches
By Editors | 01/04/2019
The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.
Enforcement
India’s PNB Fined for Non-Compliance with SWIFT Norms
By Editors | 27/03/2019
The fine is significant because it was at Punjab National Bank where the $1.8b fraud occurred that prompted the RBI’s order for banks to link their core systems with SWIFT.
Fintech / Regtech
RBI to Issue Regulatory Sandbox Guidelines Within 2 Months
By Editors | 26/03/2019
The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.
Capital / Liquidity
RBI Again Defers Banks’ Implementation of New Accounting Standards
By Editors | 25/03/2019
The RBI has again deferred ‘until further notice’ the implementation of new accounting rules for banks, which could have forced banks to raise bad loan provisions by $16bn in H2, said Fitch.
Capital / Liquidity
RBI Asks Banks to Boost Monitoring of End Use of Loan Funds
By Editors | 20/03/2019
Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.
Capital / Liquidity
RBI Releases Latest List of Indian D-SIBs
By Editors | 18/03/2019
SBI, ICICI Bank and HDFC Bank will remain India’s D-SIBs this year. The additional CET1 capital they need to hold will rise in April.
Enforcement
RBI Issues Finalised Guidelines on Market Abuse
By Editors | 18/03/2019
The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.
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