Yale School of Management

Posts by India

The RBI expands its regulatory reach: Reforms to watch

September 10, 2020
India’s urban cooperative banks (UCBs), which have total assets of more than US$81.5 billion as of March 2019, will now be able to issue equity and will be subjected to additional supervision by the Reserve Bank of India (RBI) under a new regulatory regime that the government introduced in June.  Continue reading “The RBI expands its regulatory reach: Reforms to watch”

RBI to provide liquidity to non-bank financial firms

July 9, 2020
On July 1, the Reserve Bank of India (RBI) announced guidelines for a $4 billion (₹300 billion) special liquidity scheme (SLS) to purchase short-term debt from eligible non-banking financial firms (NBFCs) and housing finance companies (HFCs). The RBI said its purpose is to “avoid any potential systemic risk to the financial sector.” Continue reading “RBI to provide liquidity to non-bank financial firms ”