India

    Securities / Derivatives

    RBI Consults on Initial Margin Rules for Uncleared OTC Derivatives

    By Manesh Samtani | 20/06/2022

    VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.

    Capital / Liquidity

    RBI Doubles Lending Limits for Cooperative Banks

    By Editors | 19/06/2022

    The higher lending caps are intended to account for rising housing prices and customer needs, the RBI said.

    Securities / Derivatives

    SEBI Enhances Cybersecurity Requirements for Asset Managers

    By Editors | 19/06/2022

    A new framework that took effect on 15 July requires AMCs to conduct cyber audits twice a year and report incidents within six hours of detection.

    Fintech / Regtech

    RBI to Allow Credit Cards to Link to UPI System

    By Editors | 14/06/2022

    Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.

    Capital / Liquidity

    RBI Issues Standard Asset Provisioning Rules for Large NBFCs

    By Editors | 09/06/2022

    The new provisioning rules are part of a new regulatory framework for NBFCs that takes effect on 1 October.

    Fintech / Regtech

    RBI Opens Applications for Fourth Sandbox Cohort

    By Editors | 06/06/2022

    The fourth sandbox cohort will focus on preventing fraud. Eight entities have also been selected to participate in the third cohort on MSME lending.

    ESG / Sustainability

    LuxSE, India INX Announce New MOU, First Dual Listing

    By Editors | 02/06/2022

    The MOU promises to facilitate listings of Indian sustainable securities on LuxSE, which will help to enhance their visibility to international investors.

    AML / KYC

    More Chinese Firms Fall Under India Probe for ‘Irregularities’

    By Editors | 02/06/2022

    The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

    India: AMFI Directs Fund Managers to End Remote Work Arrangements

    By Editors | 31/05/2022

    AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.

    Enforcement

    SEBI Raids Brokers in Axis Fund Front-running Probe

    By Editors | 29/05/2022

    Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.

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