India

    Market Infrastructure

    RBI Adds Modified MIFOR to List of Significant Benchmarks

    By Editors | 05/12/2022

    The Modified MIFOR curve will replace the FBIL MIFOR curve for new contracts, using Adjusted SOFR instead of USD LIBOR.

    Securities / Derivatives

    SEBI Instructs Fund Managers to Monitor Telegram for Name Misuse

    By Editors | 05/12/2022

    SEBI said some Telegram groups were impersonating mutual fund houses and has instructed AMCs to put in place monitoring to detect such activity.

    RBI Relaxes Rules on Bank Dealings in Overseas Financial Products

    By Sanday Chongo Kabange | 05/12/2022

    Indian banks, through their overseas operations, are now allowed to undertake activities that would not be permitted in the domestic market.

    Crypto / Digital Assets

    RBI Launches Pilot to Test CBDC with Consumers, Merchants

    By Editors | 02/12/2022

    The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.

    Market Infrastructure

    Full Launch of SGX-NSE Trading Link Planned for Q2 2023

    By Editors | 01/12/2022

    The trading link enables orders from SGX members to be routed to NSE IFSC for trading and execution. To date, 14 SGX clearing members have been onboarded.

    Capital / Liquidity

    RBI Allows Banks to Include SDF Balances in LCR Computation

    By Editors | 01/12/2022

    The RBI’s intent is to improve the ability of banks to achieve the 100 percent LCR requirement, while still using the standing deposit facility.

    Capital / Liquidity

    RBI, FSA Agree to Improve Mutual Cooperation on CCPs

    By Editors | 01/12/2022

    The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.

    Market Infrastructure

    India to Move F&O Stocks to T+1 Settlement in January

    By Editors | 29/11/2022

    The initial plan was to move stocks for which futures and options are available to the new T+1 settlement cycle in two batches.

    Securities / Derivatives

    SEBI Restricts Activities of AIFs Using Priority Distribution Models

    By Editors | 26/11/2022

    Effective immediately, AIF schemes with priority distribution models are barred from accepting fresh investments and investing in new companies.

    Securities / Derivatives

    SEBI Proposes Changes to Stock Buyback Process

    By Editors | 25/11/2022

    SEBI proposes to phase out the open market route as a buyback mechanism and to increase the limit for buybacks via the tender offer route.

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