India

Capital / Liquidity

RBI Proposes to Adopt ECL Approach for Loan Provisioning

By Manesh Samtani | 17/01/2023

Indian banks currently still use the incurred loss model, which the RBI says delays NPA identification, loan reclassification, and provisioning.

Market Infrastructure

SEBI Issues New Standards for Handling Stock Exchange Outages

By Sanday Chongo Kabange | 15/01/2023

Outages must be reported within 15 minutes. Updates must be provided every 45 minutes. Trading hours can be automatically extended for other exchanges.

Securities / Derivatives

SEBI Allows Non-Promoter Shareholders to Use OFS Mechanism

By Editors | 12/01/2023

SEBI is allowing non-promoter shareholders such as institutional investors to sell their shares for better pricing via the ‘offer for sale’ mechanism.

Market Infrastructure

SEBI to Allow Futures Contracts on Corporate Bond Indices

By Sanday Chongo Kabange | 12/01/2023

Stock exchanges will be allowed to launch futures contracts on indices of corporate debt securities rated AA+ and above.

Securities / Derivatives

SEBI Allows Indian Fund Managers to Serve GIFT City FPIs

By Editors | 11/01/2023

FPIs will be allowed to invest in mutual fund schemes except those categorised as “thematic”, purportedly to prevent higher volatility for entire sectors.

Fintech / Regtech

PayNow-UPI Linkage is Ready for Launch: MAS Official

By Editors | 11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

Securities / Derivatives

SEBI Proposes to Standardise Approach to AIF Portfolio Valuation

By Editors | 10/01/2023

SEBI proposes that PE funds, angel funds, and VC funds in India adopt the internationally recognised IPEV guidelines for portfolio valuation.

AML / KYC

Banks Can Perform Re-KYC Process Remotely, Says RBI

By Editors | 10/01/2023

If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.

ESG / Sustainability

India to Issue First Sovereign Green Bonds on 25 January

By Editors | 09/01/2023

There will be no limit on overseas investment in the $1.9bn sovereign green bond issuance. Five percent of the sale will be reserved for retail investors.