India

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    RBI Greenlights 92 Special Rupee Accounts to Enhance Bilateral Trade

    By Editors | 30/07/2023

    RBI authorised 20 banks to open 92 Special Rupee Vostro Accounts with various countries, aiming to simplify trade and promote more robust FX markets.

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    Securities / Derivatives

    SEBI Launches Framework for Corporate Debt Support Fund

    By Editors | 29/07/2023

    During periods of market stress, the fund will step in to buy investment-grade debt securities from secondary markets.

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    Market Infrastructure

    India: AMC Repo Clearing Launches Triparty Bond Repo Solution

    By Editors | 29/07/2023

    Eight entities participated in repo transactions on the first day of the new service from AMC Repo Clearing.

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    AML / KYC

    SEBI Mandates LEI for All Non-Individual FPIs

    By Editors | 27/07/2023

    SEBI is requiring foreign portfolio investors to include their LEI in registration and account opening forms.

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    ESG / Sustainability

    RBI to Issue Guidance on Climate-related Credit Risks for Banks

    By Mark Johnston | 26/07/2023

    The RBI is also working on a disclosure framework for climate-related financial risks and guidance on climate scenario analysis.

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    Securities / Derivatives

    SEBI Amends Rules to Enhance Corporate Bond Market Liquidity

    By Editors | 26/07/2023

    SEBI amends rules to boost corporate bond liquidity in the secondary market, streamline participation and enhance efficiency.

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    AML / KYC

    Court Ruling Requires PayPal to Comply With AML Laws in India

    By Editors | 25/07/2023

    The court dismissed a monetary penalty previously imposed on PayPal for failure to comply with the reporting obligations under the PMLA.

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    Sri Lanka Designates Indian Rupee as Permitted Currency

    By Duruthu E Chandrasekera | 25/07/2023

    Travellers from India will be able to directly use INR in Sri Lanka. Trade settlements between the two countries can also occur in INR.

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    Fintech / Regtech

    India, Sri Lanka Sign UPI Acceptance Agreement

    By Editors | 24/07/2023

    India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

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    Capital / Liquidity

    SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

    By Ranamita Chakraborty | 24/07/2023

    India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

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