ADVERTISEMENT
Fintech / Regtech
RBI Invites Firms to Test Cross-border Payments Tech in Sandbox
By Editors | 21/12/2020
The RBI has reduced the net worth requirement of participating firms and said it will allow partnerships and LLPs to participate.
Market Infrastructure
India’s RTGS System to Be Available 24×7 from Monday
By Editors | 09/12/2020
RTGS members banks are directed to inform their customers of the change and to put in place necessary infrastructure to provide RTGS around the clock.
Capital / Liquidity
RBI Allows Regional Rural Banks to Access Liquidity Facilities
By Editors | 08/12/2020
To date, regional rural banks have not been permitted to access the RBI’s liquidity windows or the Call/Notice market.
Securities / Derivatives
RBI to Enhance Guidelines for OTC Derivatives, CDS, Money Markets
By Editors | 08/12/2020
The RBI is looking to enhance governance of OTC derivatives market makers, establish consistency in money market and debt instruments, and update its CDS guidelines.
Capital / Liquidity
RBI Directs Banks Not to Declare Dividends for FY2020
By Editors | 06/12/2020
Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.
Market Infrastructure
RBI Chief Calls for Smooth Transition from LIBOR
By Sanday Chongo Kabange | 02/12/2020
Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.
Capital / Liquidity
Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank
By Editors | 26/11/2020
All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.
Capital / Liquidity
RBI Working Group Proposes New Rules on Bank Ownership
By Sanday Chongo Kabange | 23/11/2020
The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.
Market Infrastructure
India’s Transition Away from LIBOR ‘Full of Challenges’
By Manesh Samtani | 19/11/2020
The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.
Capital / Liquidity
RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank
By Editors | 18/11/2020
The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team