Reserve Bank of India

Fintech / Regtech

RBI Issues Draft Rules for Aadhar-enabled Payment Systems

By Ajoy K Das | 03/08/2024

The draft rules focus on onboarding and ongoing due diligence of AePS touchpoint operators to prevent fraud.

Fintech / Regtech

BigTech Integration in Finance Poses Challenges: RBI Report

By Ajoy K Das | 03/08/2024

RBI report discusses BigTech in financial services, financial sector digitalisation, international payments initiatives and India’s CBDC.

ESG / Sustainability

RBI to Release Additional Guidance on Climate-related Risks

By Ajoy K Das | 02/08/2024

RBI official said guidance will be released on scenario analysis, stress testing and effective management of climate-related financial risks.

Fintech / Regtech

India: Ransomware Attack Disrupts Services at Nearly 300 Banks

By Ajoy K Das | 01/08/2024

The attack affected C-Edge Technologies, a TCS and SBI joint venture that provides technology services to small banks across India.

Capital / Liquidity

RBI Directs UCBs to Discontinue “Dividend Equalisation Funds”

By Ajoy K Das | 01/08/2024

UCBs have been accumulating profits from previous years in dedicated funds to use for future dividend payments.

Fintech / Regtech

RBI Issues New Anti-Fraud Rules for Non-bank Payment Systems

By Ajoy K Das | 01/08/2024

The new master direction includes requirements to establish real-time fraud monitoring solutions and multi-factor authentication for all payment transactions.

Securities / Derivatives

RBI Revokes FPI Access to 14yr and 30yr Government Bonds

By Ajoy K Das | 01/08/2024

The RBI is trying to boost liquidity in shorter-term government bonds by restricting foreign investors’ access to longer-dated bonds.

Capital / Liquidity

RBI Issues Directions on Treatment of Wilful Defaulters

By Ajoy K Das | 31/07/2024

The RBI has introduced stringent measures for wilful defaulters, including a ban on credit facilities and restructuring, based on a transparent classification process.

Crypto / Digital Assets

India to Issue Policy Paper on Crypto ‘Before September’

By Ajoy K Das | 30/07/2024

The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.