INDIA

Capital / Liquidity

RBI Issues Revised Priority Sector Lending Guidelines

By Editors | 07/09/2020

The new guidelines will boost credit availability for startups, renewable energy, health infrastructure, small farmers, and “identified districts” with low credit flows.

Capital / Liquidity

RBI Loosens Constraints on Banks’ Bond-buying Activities

By Editors | 06/09/2020

The move will provide banks additional liquidity to buy more government bonds and help calm investors who are nervous about a sudden spike in yields.

Securities / Derivatives

SEBI Asks Rating Agencies Not to Classify Restructured Debt as Default

By Editors | 06/09/2020

Credit rating agencies are asked not to consider debt restructured as a result of Covid-19 related stress as a default event.

Securities / Derivatives

India: New Cash Segment Margin Rules Take Effect

By Editors | 01/09/2020

India’s brokers association had asked for additional time for firms to implement system changes and address operational challenges. SEBI refused the request.

Market Infrastructure

India Planning Specialised Cyber Agency for Financial Sector

By Editors | 19/08/2020

The specialised agency was proposed in 2017 by then finance minister Arun Jaitley. On Saturday, Prime Minister Narendra Modi said India will soon have a new cyber security policy.

Securities / Derivatives

SEBI Consults on New Format for Sustainability Reporting

By Editors | 18/08/2020

The top 1,000 listed entities by market cap can adopt the new format voluntarily for the financial year 2020-21. It will become mandatory from the financial year 2021-22.

Market Infrastructure

RBI Issues Draft Framework on Recognition of Payments SROs

By Editors | 18/08/2020

Recognised self-regulatory organisations would be responsible for establishing minimum benchmarks and standards for the proper functioning of their member entities.

Market Infrastructure

RBI Allows Formation of New Umbrella Entities for Retail Payments

By Editors | 18/08/2020

The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.

Securities / Derivatives

SEBI Issues Rules on Administrative Assistance to Trustees

By Duruthu E Chandrasekera | 16/08/2020

Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.