INDIA

Fintech / Regtech

India to Ban UPI Peer-to-Peer 'Collect Requests' to Curb Fraud

By Editors | 14/08/2025

The directive, effective from 1 October, targets a feature exploited by fraudsters but will not affect legitimate merchant-initiated payment requests.

Fintech / Regtech

India's Cross-Border UPI Payments Surge as Global Footprint Expands

By Sanday Chongo Kabange | 14/08/2025

Transaction volumes and values show sharp growth in the current fiscal year, after the UPI system went live in seven countries.

AML / KYC

GIFT City Regulator Clarifies Rules for Resident Foreign Currency Accounts

By Editors | 14/08/2025

IFSC banking units are treated as 'banks outside India' under existing forex rules, removing the need for prior regulatory approval.

Trending

RBI Mandates Continuous Cheque Clearing with Hourly Settlements

By Manesh Samtani | 14/08/2025

The new system, rolling out from 4 October, will replace the current batch process and require banks to confirm cheques within hours or face deemed approval.

Enforcement

India Widens Powers of Tax Authorities With Passage of New Bill

By Editors | 14/08/2025

The new law grants authorities access to digital accounts during searches and introduces compliance changes for corporate taxpayers.

Market Infrastructure

India’s BSE Tightens Rules for SME Migration to Mainboard

By Nithya Subramanian | 14/08/2025

BSE has raised profitability, shareholder, asset, and trading activity thresholds for SMEs migrating to the mainboard and companies seeking direct listing.

Securities / Derivatives

India Advances Law to Establish Metals and Minerals Exchange

By Editors | 13/08/2025

Legislation passed by India's lower house will establish a new authority to establish a national trading platform for minerals and metals.

Capital / Liquidity

RBI Governor Affirms Banks’ Autonomy on Minimum Balance Rules

By Nithya Subramanian | 13/08/2025

The RBI has clarified that setting minimum account balances is a commercial decision for banks and does not fall under its regulatory domain.

Securities / Derivatives

SEBI Proposes New Rules to Boost Resident Indian Role in FPIs

By Nithya Subramanian | 13/08/2025

SEBI plans to allow retail schemes in IFSCs with Indian sponsors to register as FPIs, align contribution limits with IFSCA norms, and permit Indian mutual funds to be part of FPIs.