India

    image

    Capital / Liquidity

    RBI Proposes to Tighten Dividend Payout Norms for Banks

    By Ajoy K Das | 04/01/2024

    For a bank to distribute dividends, its net NPA ratio must be below 6%, with the maximum payout ratio capped at 50%.

    image

    Fintech / Regtech

    RBI Offers 10-Point Checklist for AI Deployment in Banking

    By Ajoy K Das | 04/01/2024

    M Rajeshwar Rao said the banking sector needs to address concerns over the fairness, transparency and governance or AI models.

    image

    Securities / Derivatives

    RBI Issues Draft Directions on Bonds Forwards in G-Secs

    By Ajoy K Das | 03/01/2024

    Resident and non-residents who are eligible to invest in government securities will also be eligible to undertake bond forward transactions.

    image

    Securities / Derivatives

    RBI Issues New Rules for Financial Benchmark Administrators

    By Ajoy K Das | 02/01/2024

    Financial benchmark administrators operating in India must seek authorisation from the RBI within three months.

    image

    Capital / Liquidity

    RBI Includes EXIM Bank, NaBFID as NDBs for NSFR Computation

    By Ajoy K Das | 02/01/2024

    EXIM Bank and NaBFID are now considered as National Development Banks for the purpose of NSFR computation.

    image

    RBI Issues Master Direction on Internal Ombudsman Mechanism

    By Ajoy K Das | 02/01/2024

    The master direction is aimed at strengthening internal grievance redressal systems at regulated entities.

    AML / KYC

    India Blocks Nine Crypto Exchanges for Failure to Register

    By Ajoy K Das | 29/12/2023

    Binance, Kucoin and Huobi are among the platforms that have been blocked in India for not registering as reporting entities.

    image

    Securities / Derivatives

    SEBI Proposes Material Price Movement for Rumour Verification

    By Nithya Subramanian | 29/12/2023

    It has proposed that instead of material events, rumour verification of material price movement should be done within 24 hours.

    image

    Capital / Liquidity

    RBI Moves SBI and HDFC to Higher Buckets on D-SIBs List

    By Nithya Subramanian | 29/12/2023

    SBI and HDFC will have to maintain higher CET1 requirements from 1 April 2025. ICICI remains in the same bucket.

    image

    AML / KYC

    Four Arrested in HK for Diamond-based Money Laundering Scheme

    By Manesh Samtani | 28/12/2023

    Hong Kong companies traded synthetic diamonds with a company in India but declared them as natural diamonds as a way to launder money.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team