Reserve Bank of India

Fintech / Regtech

RBI Fines Visa and Two Other Payment System Operators

By Ajoy K Das | 29/07/2024

Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.

Securities / Derivatives

Most Individual Investors Lose Money on Intraday Trading: SEBI Study

By Ajoy K Das | 26/07/2024

Over 70 percent of individual investors engaging in intraday stock trading experienced losses during 2022-23, SEBI found in a new study.

Capital / Liquidity

RBI Issues Draft Revisions to Liquidity Rules for Banks

By Ajoy K Das | 26/07/2024

Banks will have to assign an additional run-off factor for retail deposits enabled with internet and mobile banking facilities.

AML / KYC

RBI Revises Framework for Domestic Money Transfer Services

By Ajoy K Das | 25/07/2024

The revisions tighten KYC record keeping, AFA validation and transaction message requirements for domestic money transfers.

Securities / Derivatives

India Hikes Taxes on Equity Investment Gains, Derivatives Trades

By Ajoy K Das | 25/07/2024

The national budget increases capital gains tax for equity investments and the transaction tax for futures and options. The tax on long term bond gains was reduced.

Fintech / Regtech

RBI Flags Concerns Over Digital Fraud, Outsourcing Risks

By Ajoy K Das | 24/07/2024

RBI governor Shaktikanta Das called on banks to strengthen customer onboarding and transaction monitoring to address digital fraud.

Securities / Derivatives

SEBI to Consult on Tighter Derivative Trading Rules Soon

By Ajoy K Das | 20/07/2024

SEBI is expected to adopt a two-stage approach for imposing tighter restrictions on derivatives trading.

AML / KYC

RBI Updates Fraud Risk Management Rules for Regulated Entities

By Ajoy K Das | 16/07/2024

The revised master directions mandate the establishment of data analytics and market intelligence units within REs to strengthen fraud risk management systems.

Capital / Liquidity

RBI Red Flags Bank Accounts Used for Fraud and Evergreening

By Ajoy K Das | 12/07/2024

Banks should rationalise accounts and enforce stringent control measures through proper reporting to the audit committee of the board, said Swaminathan.