SBI, ICICI Bank and HDFC designated as RBI’s list of D-SIBs

The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue to be in the Reserve Bank of India (RBI)’s list of Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs are required to maintain higher capital as compared ..

Topics: BSE SENSEX • CNX Nifty • Economy • Finance • Financial regulation • Financial services • ICICI Bank • Public Sector Banks in India • Reserve Bank of India • State Bank of India • Systemic risk • Systemically important financial institution

Pravin Kutumbe head of IRDAI committee to identify Systemically Important Insurers (SII)

Insurance regulator IRDAI has constituted a committee that will not only facilitate in identifying the Systemically Important Insurers (SIIs), but also recommend enhanced supervision measures for them. The committee headed by IRDAI member (finance and investment) Pravin Kutumbe will submit its report within six months. The committee would study the methodology followed by International Association ..

Topics: Economy • Finance • Financial regulation • IAIS • Insurance • Insurance industry • International Association of Insurance Supervisors • Money • Systemic risk • Systemically important financial institution

Financial Stability Board

After the global financial crisis of 2007, the G-20 has created an institution called Financial Stability Board to design sophisticated regulation measures for banks to prevent future bank failure. Beside this, the central banks of each country identify Domestic Systemically Important Banks (D-SIBs). While the Basel Committee on Banking Supervision (BCBS) started to identify big ..

Topics: Basel Committee on Banking Supervision • Central banks • Economic globalization • Economy • Finance • Financial regulation • Financial Stability Board • Global financial system • International finance institutions • Money • Systemic risk • Systemically important financial institution

AP government signs an agreement with Alphabet InC.’s X for Fiber grid project

The Andhra Pradesh government has signed an agreement with Alphabet InC.’s X to bring the Free Space Optical Communication (FSOC) technology in the state. The purpose of the FSOC is to provide internet through the government Fiber grid project. By using FSOC technology, the state will be able to use better bandwidth data to every ..

Topics: Alphabet Inc. • Andhra Pradesh • Broadband • California • Financial Stability Oversight Council • Free-space optical communication • Internet access • San Francisco Bay Area • Systemic risk • Telecommunications • Wireless • X