India

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.

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.

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.

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.

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.

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.

AML / KYC

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

By Editors | 23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

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.