India

Fintech / Regtech

Indian Government Asks Banks to Ramp Up Cybersecurity Measures

By Ajoy K Das | 29/11/2023

A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda

Securities / Derivatives

SEBI to Implement T+0 Settlement in Equities by March 2024

By Ajoy K Das | 29/11/2023

SEBI will implement same day settlement in equities trading by March 2024, and optional instantaneous settlement a year later.

Securities / Derivatives

SEBI Proposes to Grant Greater Trading Flexibilities to Company Insiders

By Ajoy K Das | 28/11/2023

The regulator has proposed revising its insider trading regulations to make it easier for senior management to trade in company shares.

Securities / Derivatives

SEBI to Introduce Regulatory Framework for Index Providers

By Ajoy K Das | 28/11/2023

SEBI approved a number of proposals at its board meeting on Saturday, including measures to provide NPOs greater fund raising flexibility.

AML / KYC

India’s IFSCA Proposes Accredited Investor Framework for GIFT City

By Ajoy K Das | 28/11/2023

Minimum investment thresholds applicable to venture capital schemes, restricted schemes, and portfolio management services would not apply to accredited investors.

Capital / Liquidity

RBI Governor Cautions Against ‘Credit Exuberance’

By Ajoy K Das | 23/11/2023

RBI governor Shaktikanta Das said concentrated linkages between banks, NBFCs and fintechs may create a contagion risk.

Fintech / Regtech

Indian Microfinance Body Calls Out Regulatory Gap in Fintech Lending

By Ajoy K Das | 22/11/2023

India’s MicroFinance Institutions Network has asked the RBI to intervene to ensure fintech lenders comply with microfinance regulations.

Market Infrastructure

SEBI Launches “Investor Risk Reduction Access” Platform

By Ajoy K Das | 21/11/2023

The platform will enable investors to continue to manage their portfolios even during unexpected technical glitches.

Enforcement

RBI Undertakes Review of Penalty Framework – Report

By Ajoy K Das | 21/11/2023

The RBI is considering options for linking penalties to the size of regulated entities, as well as clawing back executive remuneration.