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Capital / Liquidity
RBI Extends Deadline for New NBFC Asset Classification Norms
By Mark Johnston | 22/02/2022
The new norms would have led to a spike in non-performing assets for NBFCs and, hence, higher provisioning.
RBI to Consolidate Reg Reporting Requirements in Single View
By Editors | 21/02/2022
The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.
Securities / Derivatives
RBI Allows Banks to Deal in Foreign Currency Settled OIS
By Editors | 15/02/2022
AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.
Securities / Derivatives
RBI Finalises Master Directions for Credit Derivatives Market
By Manesh Samtani | 14/02/2022
The revised directions are aimed at helping to develop more liquidity in the corporate bond market, especially for the bonds of lower-rated issuers.
Securities / Derivatives
RBI Raises Cap on FPI Investment in Debt Securities
By Editors | 11/02/2022
The INR 1.5 trillion limit on FPI investment via the ‘Voluntary Retention Route’ has been nearly exhausted. The new INR 2.5 trillion limit takes effect on 1 April.
Fintech / Regtech
India to Introduce Digital Rupee in Coming Fiscal Year
By Manesh Samtani | 03/02/2022
Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.
Market Infrastructure
SEBI Temporarily Suspends Overseas Investments by Mutual Funds
By Editors | 02/02/2022
The mutual fund industry is reportedly close to breaching a USD 7 billion industry-wide limit on overseas investments.
Capital / Liquidity
India: Unity Small Finance Bank Takes Over PMC Bank Branches
By Sanday Chongo Kabange | 01/02/2022
Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.
RBI Allows More NBFCs to Undertake Factoring Business
By Editors | 23/01/2022
The change will increase the number of NBFCs eligible to undertake factoring business from 7 to 182.
Capital / Liquidity
RBI Proposes New Classification Norms for Bank Investments
By Editors | 14/01/2022
The RBI proposes to divide banks’ investment portfolios into three categories – held-to-maturity, available for sale, and fair value through profit and loss account.
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