INDIA

Indian Banks Asked to Submit Lending Reports Daily

By Editors | 24/04/2020

The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.

Securities / Derivatives

SEBI Proposed Exemptions for Investors in Distressed Companies

By Editors | 24/04/2020

The regulator proposes to tweak its pricing rules for preferential share allotments, and to exempt investors in distressed companies from having to make a open offer.

Securities / Derivatives

SEBI Relaxes Fundraising Rules for Rights Issues, IPOs

By Editors | 24/04/2020

SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.

Securities / Derivatives

SEBI Extends Short Selling, Volatility Curbs Until 28 May

By Editors | 21/04/2020

SEBI has extended March measures that tightened market-wide position limits, raised margin rates, and capped on index derivatives positions.

Market Infrastructure

India’s New Foreign Investment Rules ‘Discriminatory’, says China

By Editors | 21/04/2020

The additional barriers violate the WTO’s principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.

AML / KYC

India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors

By Editors | 19/04/2020

India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb “opportunistic takeovers or acquisitions” of Indian companies.

Capital / Liquidity

RBI Announces New Measures to Counter Covid-19 Disruptions

By Editors | 18/04/2020

The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.

AML / KYC

SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs

By Editors | 16/04/2020

Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.

Securities / Derivatives

RBI to Open Up Rupee Derivatives for Hedging from 1 June

By Editors | 09/04/2020

Authorised dealers and can allow users to trade rupee derivatives up to USD 10 million notional value outstanding without the need to establish the existence of underlying exposures.