India

Fintech / Regtech

RBI Seeking to Explore Linkage Between UPI and Japan

By Ajoy K Das | 12/11/2023

RBI governor Shaktikanta Das said a fast payment linkage between India and Japan could help make cross-border payments more efficient and less costly.

Fintech / Regtech

RBI Report Highlights Growing Role of Fintech in Providing Credit

By Ajoy K Das | 09/11/2023

Regulation needs to be quick and nimble to promote access and growth while ensuring financial stability, the report says.

ESG / Sustainability

India Makes Green Bonds Available to Non-resident Investors

By Ajoy K Das | 09/11/2023

The RBI has listed sovereign green bonds floated during the current financial year as available under the “Fully Accessible Route”.

Fintech / Regtech

RBI Finalises New Master Directions on IT Governance

By Ajoy K Das | 08/11/2023

The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.

Market Infrastructure

SEBI Working on Allowing Instant Settlement in Equities Trading

By Ajoy K Das | 07/11/2023

SEBI is exploring instant settlement in a “non-disruptive manner” and will only introduce it after all concerns are addressed, an official said.

Securities / Derivatives

India AMCs Get New Guidance on Display of Returns

By Ajoy K Das | 07/11/2023

The new guidelines are a response to concerns from SEBI that some AMCs have been engaging in misleading advertising.

Fintech / Regtech

IRDAI Directs Insurers to Join RBI’s Account Aggregator Ecosystem

By Ajoy K Das | 03/11/2023

The inclusion of insurance firms in the AA ecosystem is expected to benefit agents, mutual fund distributors, and other service intermediaries.

Securities / Derivatives

SEBI Revises Offer Document Format for Mutual Fund Schemes

By Ajoy K Das | 03/11/2023

The simplified format will streamline the dissemination of information to mutual fund investors.

RBI Announces Regulatory Framework for Cross Border Transactions

By Ajoy K Das | 02/11/2023

Non-banks facilitating import and export payment transactions must initially have a minimum net worth of INR 150 million.