India

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    RBI Directs Lenders to Charge Loan Penalties More Fairly

    By Editors | 13/04/2023

    The RBI said penal charges on loans are intended to “inculcate a sense of credit discipline among borrowers” and as a “revenue enhancement tool”.

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    Securities / Derivatives

    SEBI Issues Framework to Improve IPO Price Band Discovery

    By Editors | 12/04/2023

    Stock exchanges will have to compute a common equilibrium price for IPO listings if their call auctions result in equilibrium prices that are too far apart.

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    ESG / Sustainability

    RBI Issues ‘Green Deposits’ Framework for Banks, NBFCs

    By Editors | 12/04/2023

    The allocation of funds raised through green deposits shall be subject to independent third-party verification and assurance each year, the RBI says.

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    Fintech / Regtech

    RBI Finalises Rules for Outsourcing of IT Services by Banks

    By Editors | 12/04/2023

    RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.

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    Securities / Derivatives

    SEBI Mandates Direct Plan, Trail Fee Model for AIFs

    By Editors | 11/04/2023

    SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.

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    Market Infrastructure

    RBI to Permit Local Users to Access Onshore NDF Market

    By Editors | 09/04/2023

    The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.

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    Fintech / Regtech

    RBI Scraps Plans to Allow Firms to Develop UPI Alternative

    By Editors | 07/04/2023

    RBI deputy governor T Rabi Sankar says ‘new umbrella entity’ applicants did not propose solutions that were particularly innovative.

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    India Sets Up Panel to Review National Pension System

    By Editors | 07/04/2023

    The panel will seek to improve the benefits to government employees covered under the NPS and try to unify the different schemes adopted across India.

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    SEBI Issues New Advertising Rules for Advisers, Analysts

    By Editors | 06/04/2023

    SEBI’s new rules seek to curb misleading investment advertisements and address the use of unregistered brand names, trade names and logos.

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    Enforcement

    SEBI Probing Related Party Transactions at Adani Group

    By Editors | 04/04/2023

    SEBI is probing three offshore entities which entered into investment transactions with unlisted Adani Group units over the last 13 years.

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