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Capital / Liquidity
RBI Directs Banks Not to Declare Dividends for FY2020
By Editors | 06/12/2020
Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.
Market Infrastructure
RBI Chief Calls for Smooth Transition from LIBOR
By Sanday Chongo Kabange | 02/12/2020
Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.
Capital / Liquidity
Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank
By Editors | 26/11/2020
All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.
Securities / Derivatives
SEBI Consults on Extra Disclosure Rules for Listed Companies
By Sanday Chongo Kabange | 24/11/2020
The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.
Capital / Liquidity
RBI Working Group Proposes New Rules on Bank Ownership
By Sanday Chongo Kabange | 23/11/2020
The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.
ESG / Sustainability
Luxembourg, India Sign Three Market Cooperation Agreements
By Editors | 23/11/2020
An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.
Securities / Derivatives
SEBI Directs Directs NSE to Triple Investor Protection Fund
By Editors | 23/11/2020
SEBI says it will review the adequacy of NSE’s investor protection fund on a half-yearly basis and that incremental contributions will be made “if required”.
Market Infrastructure
India’s Transition Away from LIBOR ‘Full of Challenges’
By Manesh Samtani | 19/11/2020
The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.
Capital / Liquidity
RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank
By Editors | 18/11/2020
The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.
Securities / Derivatives
BSE India Launches New Investment Platform for Fund Managers
By Sanday Chongo Kabange | 17/11/2020
Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.
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