INDIA

Securities / Derivatives

RBI to Enable Settlement of G-secs through ICSDs

By Editors | 04/09/2021

The move will enhance access for non-resident investors and facilitate the inclusion of Indian G-secs in global bond indices.

Securities / Derivatives

SEBI Tweaks Guidelines for Exchanges on Market Maker Use

By Editors | 03/09/2021

A one-year validity period is introduced for any board approval to introduce a liquidity enhancement scheme for a security, and removes a cap on how long it can be used.

Fintech / Regtech

RBI Halts Plan to Allow New Umbrella Entities in Retail Payments

By Editors | 01/09/2021

The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India’s data localisation rules.

Market Infrastructure

India Financial Reporting Authority Seeks Auditor Oversight Powers

By Editors | 31/08/2021

The National Financial Reporting Authority is preparing a draft bill to propose to the government that will grant it greater financial autonomy and broader regulatory powers.

Fintech / Regtech

India Targets December for CBDC Pilot Testing

By Sanday Chongo Kabange | 31/08/2021

RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.

Market Infrastructure

ASIFMA Warns SEBI Against Move to T+1 Settlement

By Ranamita Chakraborty | 30/08/2021

SEBI has established a panel of experts to look into moving from T+2 to T+1. ASIFMA says such a move will prove problematic for global investors.

Capital / Liquidity

RBI Panel Proposes New Regulatory Framework For UCBs

By Sanday Chongo Kabange | 26/08/2021

The RBI panel recommends a four-tier structure for regulating UCBs, and the establishment of an umbrella organisation to oversee them.

Enforcement

Indian Police Arrest Karvy Stock Broking Founder for Fraud

By Editors | 25/08/2021

The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.

Securities / Derivatives

India Pilots New Gift City Bullion Exchange

By Editors | 20/08/2021

The International Bullion Exchange will be the ‘gateway for bullion imports into India’, the finance ministry said in a statement.