1. Regulatory Updates 1.1. India 1.1.1. RBI directs review of unfair interest charging practices by lenders The Reserve Bank of India...

1. Regulatory Updates 1.1. India 1.1.1. RBI directs Kotak Mahindra Bank to cease new customer onboarding and credit card issuance The...

1. Background 1.1. On April 15, 2024 the Reserve Bank of India (“RBI”) released its notification on the Key Facts Statement (“KFS”) for...

The Reserve Bank of India ("RBI") has noted a growing trend among lending service providers ("LSPs") in offering aggregation services for...

1. Regulatory Updates 1.1. India 1.1.1. RBI releases draft directions on the regulation of Payment Aggregators Reserve Bank of India...

1. Regulatory Updates 1.1. India 1.1.1. RBI to launch a mobile app for retail direct scheme, enhancing access to government securities...

1. Regulatory Updates 1.1.  India 1.1.1. Transition to electronic insurance, IRDAI mandates digital policies from April 01, 2024 Starting...

1. Regulatory Updates 1.1. India 1.1.1. RBI relaxes norms for investment in AlFs by regulated entities The Reserve Bank of India (“RBI”),...

1. Regulatory Updates 1.1. India 1.1.1. RBI finalises framework for Self-Regulatory Organizations The Reserve Bank of India (“RBI”) has...

1. Regulatory Updates 1.1. India 1.1.1. RBI targets P2P credit card payments via third-party apps In response to concerns over credit...

1. Regulatory Updates 1.1. India 1.1.1. RBI directs flexibility in credit card network choices for customers The Reserve Bank of India...

1. Regulatory Updates 1.1. India 1.1.1. RBI updates regulatory sandbox framework for fintech innovation The Reserve Bank of India (“RBI”)...

1. Regulatory Updates 1.1. India 1.1.1. Inclusion of CCIL as a FIP under Account Aggregator framework On November 12, 2021, the Reserve...

Banking and Finance Newsletter

Banking and Finance Newsletter

Banking and Finance Newsletter

Banking and Finance Newsletter

1. Regulatory Updates 1.1. India 1.1.1. RBI issues revised guidelines on Forex Risk Hedging The Reserve Bank of India (“RBI”) has issued...

1. Regulatory Updates 1.1. India 1.1.1. RBI issues master direction for internal ombudsman in banks and NBFCs The Reserve Bank of India...

1. Regulatory Updates 1.1. India 1.1.1. RBI permits lending and borrowing in government securities The Reserve Bank of India (“RBI”) has...