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Capital / Liquidity
RBI Surprises Market with Interest Rate Hike
By Editors | 06/05/2022
The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.
AML / KYC
India: CERT-In Includes Crypto Firms in New Directions
By Manesh Samtani | 03/05/2022
The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.
Capital / Liquidity
RBI Updates LCR Guidance for Commercial Banks
By Editors | 30/04/2022
Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.
AML / KYC
RBI Expands LEI Requirements for Corporate Borrowers
By Manesh Samtani | 26/04/2022
The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.
Capital / Liquidity
RBI Eases Capital Raising Restrictions for Rural Coop Banks
By Editors | 24/04/2022
Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.
Capital / Liquidity
RBI Issues Guidance on New Regulatory Framework for NBFCs
By Editors | 23/04/2022
The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.
RBI Issues New Rules on NBFC Compliance Function
By Editors | 21/04/2022
Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.
Capital / Liquidity
RBI Introduces New Standing Deposit Facility for Banks
By Editors | 16/04/2022
The facility allows banks to deposit excess liquidity at the RBI, without the central bank having to provide government securities as collateral in exchange.
Market Infrastructure
RBI to Simplify E-Commerce Payment Settlement Process
By Editors | 15/04/2022
Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.
Fintech / Regtech
RBI Issues Guidelines on Establishing Digital Banking Units
By Ranamita Chakraborty | 11/04/2022
Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.
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