India

AML / KYC

SEBI Proposes Revising Account Aggregator Framework to Prevent Fraud

By Ranamita Chakraborty | 03/08/2023

Securities and Exchange Board of India (SEBI) found that certain consumers are sharing confidential information with third parties and providing financial data to unauthorised entities.

Enforcement

RBI Fines State-run Energy Firms for Reporting Foreign Investments Late

By Editors | 02/08/2023

The RBI fined the four companies a combined $240mn for their delay in reporting overseas investments.

Capital / Liquidity

Indian Banks Preemptively Preparing for Shift to ECL Model

By Editors | 01/08/2023

Some Indian banks are setting aside fresh provisions in anticipation of the planned implementation of the Expected Credit Loss framework.

Market Infrastructure

UPDATED – SEBI Directs MIIs to Establish Common Dispute Resolution Platform

By Sanday Chongo Kabange | 01/08/2023

Disputes between investors or clients and listed companies or any specified intermediaries or regulated entities in the securities market will be resolved through the proposed new platform.

AML / KYC

India Supreme Court Criticises Government for Not Addressing Crypto Crime

By Editors | 01/08/2023

India’s Supreme Court asked the government whether it can establish a “national specialised agency” to investigate crypto-related crimes.

Securities / Derivatives

NSE India Considers Extending Trading Hours

By Editors | 31/07/2023

NSE is considering extending trading hours to make it more convenient for office-goers to trade in the evening.

Capital / Liquidity

India to Allow Overseas Listings by Domestic Firms, Starting in GIFT City

By Editors | 31/07/2023

India will permit companies to list directly on GIFT City exchanges, and later, in other specified overseas jurisdictions.

AML / KYC

SEBI Considers Tweaks to Derivatives Market Onboarding Process

By Sanday Chongo Kabange | 31/07/2023

SEBI dismissed media reports that suggested the regulator was seeking to impose curbs on retail participation in derivative markets.

AML / KYC

India Arrests Four in Bribery Case, Including Ministry Officials

By Editors | 31/07/2023

CBI arrested four individuals, including three Ministry of Corporate Affairs officials, in a bribery case linked to Alok Industries.