Tag: Reserve Bank of India

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) have launched a real-time payment system linkage between Singapore's PayNow and India's Unified Payments Interface (UPI)

The guidelines will impose restrictions on trading and banking books, along with increased penalties and provisioning ratios. The final guidelines will take effect from 1 April 2024

Non-fungible tokens (NFTs) are all the rage among Indian celebrities, but scepticism remains due to the legal ambiguity of the blockchain ecosystem

RBI released new regulatory framework for ARCs allowing to be resolution applicant

The introduction of the Competition (Amendment) Bill, 2022, seeks to overhaul the competition law framework in India

India’s digital lending industry, which is expected to grow in worth to USD1.3 trillion by the end of the decade, has been subject to a clampdown by the central bank

S&R Associates represented Light Microfinance in its INR1.96 billion (USD23.7 million) series B funding round led by British International Investment along with existing investors Nordic Microfinance Initiative, Triple Jump and Incofin

The Reserve Bank of India, in its monetary policy statement on 5 August 2022, directed all registered CICs to appoint an IO by 1 April 2023 for addressing grievances and resolving disputes related to the CICs

The Supreme Court’s judgment in the case of Vidarbha Industries Power v Axis Bank opened a Pandora’s box earlier this year when it unsettled a long established practice of the adjudicating authority admitting insolvency applications

The Reserve Bank of India (RBI) has announced an extensive mechanism to accelerate cross-border trade settlements in Indian rupees (INR) in a move to bolster trade in the Indian currency

In a move that aligns with global climate risk mitigation, the RBI has asked banks in the country to promote sustainable financial management and embed ESG policies across their lending portfolio

The Reserve Bank of India (RBI) issued notifications covering a range of foreign investment options to increase foreign exchange inflows in response to a weakening rupee and a tightening of global financial conditions

The Reserve Bank of India (RBI) has extended the deadline for card-on-file (CoF) tokenisation from 30 June to 30 September 2022, citing implementation issues highlighted by merchants

Global M&A activity has climbed sharply since last year, creating opportunities in emerging markets like India and the Philippines, which have relaxed and liberalised their investment policies

Among many things, the ongoing Russia-Ukraine war has put the spotlight on cryptocurrency. It is gaining global acceptance based on the sheer volume of donations flooding into war-torn Ukraine in the form of cryptocurrency, largely to finance military support. The virtual digital asset class is no longer seen as a shady “black-market” transaction owing to reliance upon it in this geopolitical and humanitarian crisis

The number of criminal cases filed against cheque defaulters has overwhelmed India’s judicial system. One obvious solution is to decriminalise what is often a civil dispute, but lawyers aren’t convinced that’s the answer. George W Russell reports