India

AML / KYC

RBI Steps Up Scrutiny of Bank Response to Digital Fraud

By Mark Johnston | 22/07/2023

The RBI is asking lenders about their fraud prevention systems, customer service handles, grievance redressal cells and customer awareness campaigns.

ESG / Sustainability

SEBI Introduces ESG Sub-category for Equity Schemes

By Ranamita Chakraborty | 21/07/2023

The securities regulator’s decision was driven by industry requests and the increasing demand for green financing in India.

Securities / Derivatives

SEBI, NSE, BSE Revamp Framework for ESM Stocks

By Mark Johnston | 21/07/2023

The existing ESM framework had restricted the trading of ESM stocks to once a week. Under the new framework, trading can take place on all trading days.

Securities / Derivatives

SEBI Mandates Automated Trading Controls for Insiders

By Ranamita Chakraborty | 21/07/2023

India’s securities regulator is ensuring that insiders, also known as designated persons, from listed companies cannot trade during sensitive periods.

Enforcement

India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE

By Editors | 20/07/2023

The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.

ESG / Sustainability

India’s Pension Regulator Approves Investment in Sovereign Green Bonds

By Ranamita Chakraborty | 19/07/2023

The Pension Fund Regulatory and Development Authority said pension funds will be allowed to invest in sovereign green bonds.

DBS Opens International Financial Services Centre Unit in India’s GIFT City

By Ranamita Chakraborty | 18/07/2023

More financial companies from Singapore are expected to enter India’s Gujarat International Finance Tec-City (GIFT City) following the launch of a new cross-border trading link between India and Singapore.

Fintech / Regtech

RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

By Editors | 17/07/2023

The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

ESG / Sustainability

SEBI to Require Listed Entities to Cover ‘Value Chain’ in ESG Disclosures

By Editors | 16/07/2023

Listed companies will have to incorporate ESG information from firms in their value chain in their annual BRSR reports, and obtain assurance for such information.