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Securities / Derivatives
RBI to Allow Non-Residents to Trade Interest Rate Derivatives
By Editors | 07/04/2019
Under draft rules, non-resident retail investors can hedge through interest rate derivatives; non-retail investors can participate for other specified purposes.
Capital / Liquidity
RBI to Draw Up New Guidance on Bad Debt Resolution
By Editors | 05/04/2019
The central bank will have to issue a revised circular for banks on bad debt resolution after a February 2018 circular was invalidated by the Supreme Court this week.
Capital / Liquidity
Vijaya, Dena Banks Start Operating as Bank of Baroda Branches
By Editors | 01/04/2019
The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.
Enforcement
India’s PNB Fined for Non-Compliance with SWIFT Norms
By Editors | 27/03/2019
The fine is significant because it was at Punjab National Bank where the $1.8b fraud occurred that prompted the RBI’s order for banks to link their core systems with SWIFT.
Fintech / Regtech
RBI to Issue Regulatory Sandbox Guidelines Within 2 Months
By Editors | 26/03/2019
The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.
Capital / Liquidity
RBI Again Defers Banks’ Implementation of New Accounting Standards
By Editors | 25/03/2019
The RBI has again deferred ‘until further notice’ the implementation of new accounting rules for banks, which could have forced banks to raise bad loan provisions by $16bn in H2, said Fitch.
Capital / Liquidity
RBI Asks Banks to Boost Monitoring of End Use of Loan Funds
By Editors | 20/03/2019
Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.
Capital / Liquidity
RBI Releases Latest List of Indian D-SIBs
By Editors | 18/03/2019
SBI, ICICI Bank and HDFC Bank will remain India’s D-SIBs this year. The additional CET1 capital they need to hold will rise in April.
Enforcement
RBI Issues Finalised Guidelines on Market Abuse
By Editors | 18/03/2019
The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.
Enforcement
SWIFT Related Fines Imposed by RBI Total $10mn Across 36 Banks
By Editors | 11/03/2019
The number of banks fined by the RBI for failing to integrate their core banking systems with SWIFT has now risen to 36, with fines totaling $10.16mn.
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