India

Securities / Derivatives

SEBI Issues Operational Guidelines for DLT-based Platform

By Editors | 25/04/2022

The new DLT-based platform is designed to monitor security creation, covenants and asset cover of non-convertible securities.

Capital / Liquidity

RBI Eases Capital Raising Restrictions for Rural Coop Banks

By Editors | 24/04/2022

Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.

Capital / Liquidity

RBI Issues Guidance on New Regulatory Framework for NBFCs

By Editors | 23/04/2022

The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.

Securities / Derivatives

India Urged to Allow SPAC Listings, Discounted Share Issuances

By Sanday Chongo Kabange | 21/04/2022

The MCA’s Company Law Committee says says Indian SPACs should be recognised and allowed to list on domestic and global exchanges.

RBI Issues New Rules on NBFC Compliance Function

By Editors | 21/04/2022

Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.

Enforcement

SEBI Fines BSE, NSE for Failure to Detect Karvy Fraud

By Editors | 17/04/2022

Karvy Stock Broking misused INR 23 billion worth of securities belonging to more than 95,000 clients, pledging them with 8 banks to raise INR 8.5 billion for its own use.

Securities / Derivatives

SEBI Issues Risk Management Framework for New EGR Segment

By Editors | 17/04/2022

The framework sets out a system for stock exchanges to collect margins from trading members to cover potential losses from trading in Electronic Gold Receipts.

Capital / Liquidity

RBI Introduces New Standing Deposit Facility for Banks

By Editors | 16/04/2022

The facility allows banks to deposit excess liquidity at the RBI, without the central bank having to provide government securities as collateral in exchange.

Market Infrastructure

RBI to Simplify E-Commerce Payment Settlement Process

By Editors | 15/04/2022

Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.