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AML / KYC
India Undergoes National Risk Assessment on ML/TF Risks
By Editors | 07/11/2021
Central agencies including the RBI have been tasked with evaluating sectors that are vulnerable to ML/TF risks. India’s mutual evaluation is expected to take place around May 2022.
Capital / Liquidity
RBI Issues Revised PCA Framework for Weak Banks
By Editors | 03/11/2021
The profitability parameter has been removed in the revised PCA framework, which will also apply foreign banks operating in India through branches or subsidiaries.
Crypto / Digital Assets
India No Longer Likely to Ban Cryptocurrencies – Report
By Ranamita Chakraborty | 29/10/2021
Finance ministry officials have reportedly said that a law for cryptocurrencies could as soon as February 2022, around the time of India’s next general Budget.
Market Infrastructure
SGX Opens GIFT City Office Ahead of India Trading Link Launch
By Mark Johnston | 27/10/2021
The new office will house a data centre referred to as GIFT Data Connect. The NSE-SGX GIFT City Connect is expected to be fully-operational by January 2022.
ESG / Sustainability
SEBI Proposes New Requirements for ESG Funds in India
By Manesh Samtani | 27/10/2021
ESG-labelled funds will have to invest at least 80% of total assets in ESG themed securities, and disclose measures taken to mitigate greenwashing risks and reliance on third party scores.
RBI Orders Banks to Report Data on Borrower Relationships
By Ranamita Chakraborty | 27/10/2021
The RBI said it has observed “a low level of relationship segment details” in the databases of credit information companies.
Capital / Liquidity
RBI Extends Basel III Rules to All India Financial Institutions
By Ranamita Chakraborty | 26/10/2021
EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.
Market Infrastructure
Global Fund Association Calls on SEBI to Delay T+1 Implementation
By Editors | 25/10/2021
To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.
Capital / Liquidity
RBI Finalises New Regulatory Framework for NBFCs
By Editors | 22/10/2021
The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.
Market Infrastructure
BSE India to Offer T+1 Settlement from 3 January 2022
By Sanday Chongo Kabange | 21/10/2021
BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.
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