India

    ESG / Sustainability

    RBI Publishes Paper on Climate Risk, Sustainable Finance

    By Manesh Samtani | 04/08/2022

    The paper offers guidance for FIs on managing climate risk. The RBI also published results from a survey to assess banks’ readiness to address climate risk.

    Market Infrastructure

    SGX, NSE Formally Launch Trading Link at GIFT City

    By Editors | 01/08/2022

    NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, with seven SGX members already onboarded.

    Securities / Derivatives

    India Launches First International Bullion Exchange

    By Editors | 01/08/2022

    The exchange is expected to facilitate efficient price discovery; ensure standardisation, quality assurance and sourcing integrity; and help bring more foreign traders to India.

    Capital / Liquidity

    RBI Allows Payment Aggregators Time To Obtain Licenses

    By Editors | 31/07/2022

    Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications

    Securities / Derivatives

    SEBI Proposes Rules for Mutual Fund ‘Execution-only’ Platforms

    By Editors | 31/07/2022

    Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.

    Securities / Derivatives

    SEBI Proposes Regulatory Framework for Online Bond Platforms

    By Editors | 28/07/2022

    SEBI proposes in a new consultation paper that online bond trading platforms should register as stock brokers or be run by SEBI-registered brokers.

    Securities / Derivatives

    India: Fees, Charges Payable to SEBI Now Subject to 18pc GST

    By Editors | 26/07/2022

    Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.

    Capital / Liquidity

    RBI Imposes Restrictions on Two Cooperative Banks

    By Editors | 24/07/2022

    The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.

    Capital / Liquidity

    RBI Adopts Four Tier Regulatory Framework for UCBs

    By Editors | 24/07/2022

    A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.

    AML / KYC

    India, Indonesia to Work Towards Establishing Payment Linkages

    By Editors | 20/07/2022

    The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.

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