RBI's Basel III Playbook: Tightening Market Risk Rules While Letting FPIs Breathe

$133 billion — that's the massive haul from RBI's special FCNR(B) deposit window, a "shot in the arm" for banks starved of stable funding for four years.

Money Moves

• RBI issues final Basel III market risk capital norms — Banks must now hold capital against market risk exposures, with revised treatment for debt mutual funds and ETFs, and new rules allowing exclusion of structural FX positions from net open position calculations.
• **KYC ease for foreign...