Page 108 - Rbi

RBI's new norms on wilful defaulters to come into effect from Nov 1

"Wilful defaulters or any entity with which a wilful defaulter is associated shall not be eligible for restructuring of credit facilities," the RBI said

RBI pulls up UCBs creating Dividend Equalisation Fund for payments

Gives one time permission to transfer corpus to reserves

Draft guidelines may impact banks' existing LCR by upto 300 pps: CRISIL

Last week, RBI proposed to tighten norms related to liquidity coverage ratio by increasing the run-off factor to 5 per cent for retail deposits

RBI issues final directions on cybersecurity controls for non-bank PSOs

RBI has given different timelines to these entities, depending on their size, to set up compliance structures

RBI issues norms to improve safety of payment systems with fraud monitoring

The RBI on Tuesday said non-bank payment system operators will have to put in place a real-time fraud monitoring solution to identify suspicious transactional behaviour and generate alerts. Also, non-bank payment system operators (PSOs) will have to ensure that an online session on mobile application is automatically terminated after a fixed period of inactivity and customers are prompted to re-login, according to Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank PSOs. The directions have come into effect from Tuesday, but the Reserve Bank has also prescribed a phased implementation to provide adequate time to PSOs to put in place the necessary compliance structure. RBI said the directions aim to improve safety and security of the payment systems operated by PSOs by providing a framework for overall information security preparedness with an emphasis on cyber resilience. Regarding mobile payments, RBI said PSOs should ensure that an authenticat

Reserve Bank of India must retain focus on food inflation, say economists

The prescription for inflation-minus-food found mention in the government's pre-budget Economic Survey published last week

'Too big to fail' Big Techs pose risk profiling challenges: RBI report

Says digitalisation has enhanced banks' efficiency and increased competition within the sector

Private banks' bottom line remains healthy in Q1, bad loans inch up

Margins under pressure as cost of funds rise

Average cost of data breaches in India hits $2.18 million: RBI report

BFSI sector, governed by well-defined regulations, is relatively protected from such attacks

RBI Governor Das for reskilling, upskilling amid digitalisation push

Goal is to balance effective regulation with fostering financial innovations in a safe, robust and trustworthy ecosystem, the RBI governor said

Reserve Bank of India warns of cyber security, frauds due to digitisation

The report said digitisation can also bring new risks and challenges for customer protection and financial stability

RBI revokes unrestricted access for FPIs to new 14-year and 30-year bonds

Currently, foreign investors hold around $1 billion worth of existing 30-year bonds

CBDC retail pilot customers grow to 5 million till June 2024: RBI report

India is among 36 countries where the CBDC is currently in the pilot stage. RBI started the CBDC pilot during the end of 2022

RBI plans five-episode web series to showcase its 90-yr journey, functions

The Reserve Bank of India (RBI) is planning a five-episode web series to provide an in-depth presentation about its functions and its 90-year journey. The web series is proposed to be for nearly three hours, with each episode having a duration of 25-30 minutes, according to an official document. The RBI, which was set up in 1935, completed 90 years in April this year. "The bank is desirous of creating a web series of five episodes of approximately 25-30 minutes each, which can be aired on national TV channels and/or OTT platforms, commemorating 90 years journey of RBI," it said in the document inviting bids through e-tendering for 'Production and distribution of Web Series Commemorating 90 years of RBI'. The five-episode series will serve as a valuable resource for enhancing public understanding of the central bank's vital role in the economy, fostering greater engagement, and building trust and confidence in its operations and policies, it said. For the web series, the RBI has ..

India's average data breach costs hit $2.18 mn in 2023, up 28% since 2020

Phishing is the most prevalent form of cyberattack in India, accounting for about 22% of incidents, followed by incidents involving stolen or compromised credentials at 16%

Fresh concerns for systemic stability must be monitored

The RBI is moving to implement changes in guidelines on Liquidity Coverage Ratio with higher runoff rates and haircuts

Small and worrying: Loans under Rs 50K are on Reserve Bank of India's radar

Regulator wants banks and fintechs to review exposure limits for consumer credit

RBI imposes a monetary penalty on three payment system operators

The RBI's action on KYC non-compliance comes as the regulator has been cautious about lapses in these procedures

Canara Bank plans to open 250 branches to boost Casa deposits: MD & CEO

CEO says bank has cushion to manage RBI's tighter liquidity coverage norms

Five entities enter test phase for 5th cohort of RBI's regulatory sandbox

The banking regulator received 22 applications for this cohort of the regulatory sandbox