India

Cryptocurrency

RBI Reaffirms Opposition to Crypto Legalisation in Parliament

By Manesh Samtani | 07/07/2026

The central bank told a parliamentary committee that virtual digital assets pose a significant threat to financial stability and should not be formalised.

Payments & Settlements

India, Japan Advance Direct Rupee-Yen Trade Settlement Framework

By Nithya Subramanian | 07/07/2026

The move aims to reduce transaction costs and reliance on the US dollar for bilateral trade, building on existing regulatory frameworks in both nations.

Structural Regulation

SEBI Overhauls Framework for Handling Client Unpaid Securities

By Nithya Subramanian | 07/07/2026

The new rules introduce an auto-pledge mechanism and set firm deadlines for payment and the automatic release of securities.

Trading & Investment

SEBI Mulls New Mechanism to Open Commodity Derivatives to FPIs

By Nithya Subramanian | 06/07/2026

An advisory panel is considering a proposal to allow foreign investors into physically settled commodity derivatives.

Payments & Settlements

India’s NPCI Partners with HSBC, JP Morgan on Real-Time FX Settlement

By Editors | 03/07/2026

The partnerships will provide real-time currency conversion for cross-border UPI payments, offering users upfront pricing in Indian rupees and streamlining settlement for merchants.

Conduct, Culture & Accountability

RBI Rolls Out New Integrated Ombudsman Scheme

By Nithya Subramanian | 03/07/2026

The revamped framework broadens consumer grievance redressal, covering banks, eligible NBFCs, and payment firms under a single unified mechanism.

Structural Regulation

SEBI Forms Expert Group to Review Debenture Trustee Rules

By Nithya Subramanian | 02/07/2026

The regulator has established a panel to conduct a comprehensive review of the 1993 regulations governing debenture trusteeship activities.

Alternative Markets

SEBI Proposes Uniform Consent Rules, Wider Conflict Checks for AIFs

By Nithya Subramanian | 02/07/2026

The regulator plans to standardise investor approval thresholds and replace the term ‘associate’ with ‘related party’ to improve transparency and conflict management.

Payments & Settlements

India's UPI to Launch in Seychelles Under New Bilateral Pact

By Editors | 01/07/2026

The agreement between NPCI and the Central Bank of Seychelles is part of a broader set of deals including an extradition treaty and a major credit line.