India

    Securities / Derivatives

    SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds

    By Editors | 29/05/2022

    ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.

    RBI Directs All Banks to Enable Cardless ATM Withdrawals

    By Editors | 26/05/2022

    The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.

    Market Infrastructure

    SEBI Updates Market Infrastructure Cyber Security Framework

    By Editors | 24/05/2022

    Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.

    RBI to Review Customer Service Standards, Regulations

    By Editors | 24/05/2022

    The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.

    AML / KYC

    Fugitive Former Banker from Bangladesh Arrested in India

    By Editors | 22/05/2022

    PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

    RBI Assesses Six Applicants Unsuitable for Banks Licensing

    By Editors | 22/05/2022

    RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]

    Fintech / Regtech

    SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto

    By Editors | 19/05/2022

    SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.

    RBI Says Banks Can Continue to Label NBFC Loans as PSL

    By Editors | 19/05/2022

    Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.

    Securities / Derivatives

    SEBI Proposes to Allow Confidential Filings of IPO Documents

    By Duruthu E Chandrasekera | 19/05/2022

    SEBI is looking to incentivise more IPO listings by addressing concerns that information contained in IPO documents could be used by an applicant’s competitors.

    Securities / Derivatives

    NSE Launches First SGX Connect Product at GIFT City

    By Editors | 18/05/2022

    NSE IFSC-SGX Connect is expected to go fully live in July 2022, with the onboarding of SGX members.

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