Reserve Bank of India

Capital / Liquidity

RBI Revises Priority Sector Lending Guidelines for Banks

By Ajoy K Das | 24/06/2024

The revisions aim to encourage banks to incentivise lending in underserved areas and discourage lending in districts with already high loan sizes.

Fintech / Regtech

Indian Banks Delayed in Joining Bharat Bill Pay System

By Ajoy K Das | 21/06/2024

Several major banks have not yet gone live on the BBPS despite a 30 June deadline for credit card payments to be processed on the interface.

Securities / Derivatives

SEBI Extends Ban on JM Financial to One Year

By Ajoy K Das | 21/06/2024

SEBI initially barred JM Financial in March from acting as lead manager for any new public issue of debt for 60 days. The ban is extended until 31 March 2025.

Fintech / Regtech

RBI Invites Applications for Recognition as NBFC Sector SROs

By Ajoy K Das | 20/06/2024

SROs will be expected to develop standards for NBFCs, implement suitable surveillance, and share sectoral information with the RBI.

Securities / Derivatives

SEBI Mulls Measures to Contain Derivatives Trading Risks

By Ajoy K Das | 19/06/2024

SEBI is considering raising options margin requirements, enhancing disclosures, and changing brokers’ fee structures, among other measures.

RBI Allows Banks to Give Importers Extra Operational Flexibility

By Ajoy K Das | 13/06/2024

Banks maintaining special rupee vostro accounts are permitted to open an “additional special current account” for importers.

Fintech / Regtech

RBI Announces Launch of Global Anti-Fraud Hackathon

By Ajoy K Das | 12/06/2024

The RBI is inviting innovations and solutions on real time prediction, detection and prevention of fraud in financial transactions.

Securities / Derivatives

RBI Relaxes Rules on Investment in Overseas Funds

By Ajoy K Das | 11/06/2024

The amendments allow investment in funds whose managers are regulated, rather than the fund itself, such as in Singapore and the US.

Fintech / Regtech

India, Peru Sign Agreement to Develop Instant Payments

By Ajoy K Das | 10/06/2024

NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.