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RBI Revises Guidelines on Identification of ‘Wilful Defaulters’
By Editors | 22/09/2023
Lenders will have just six months after an account is categorised as non-performing to classify the borrower as a wilful defaulter.
Capital / Liquidity
RBI Extends Basel III Requirements to National Financial Institutions
By Editors | 22/09/2023
The five All India Financial Institutions will have to comply with Basel III capital adequacy requirements from April 2024.
RBI Expands Scope of Data Quality Benchmarking Requirements
By Editors | 21/09/2023
Credit information companies directed to establish data quality index for commercial and microfinance segments.
Capital / Liquidity
RBI Revises Norms for Banks’ Investment Portfolios
By Manesh Samtani | 15/09/2023
The RBI said the revisions will enhance the quality of financial reporting, bolster the corporate bond market, and strengthen bank risk management.
Capital / Liquidity
RBI Releases List of Upper Layer NBFCs for 2023-24
By Mark Johnston | 14/09/2023
Under the new regulatory framework, the 15 upper layer NBFCs will be subject to heightened regulatory requirements for a minimum of five years.
RBI Sets 30-day Deadline for Lenders to Return Property Documents
By Mark Johnston | 13/09/2023
The RBI directed regulated entities to release all original property documents to customers within 30 days after personal loans are fully repaid.
Crypto / Digital Assets
G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban
By Manesh Samtani | 12/09/2023
The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.
Capital / Liquidity
RBI Announces Decision to Discontinue I-CRR Requirement
By Editors | 11/09/2023
25% of the I-CRR was released on Saturday. Another 25 percent will be released on 23 September. The remaining 50 percent will be released on 7 October.
Fintech / Regtech
RBI Governor Launches New Features on UPI System
By Editors | 08/09/2023
The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.
Crypto / Digital Assets
RBI Seeking to Develop More Use Cases for CBDC
By Editors | 07/09/2023
The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.
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A daily selection of top stories from the Regulation Asia editorial team