India

Securities / Derivatives

RBI Opens Direct Access to G-Secs Market for Retail Investors

By Editors | 14/11/2021

As of 2.30pm on Saturday, the new RBI Retail Direct Scheme had received over 12,000 registrations from retail investors, which was described as an “encouraging response”.

Market Infrastructure

RBI Lifts Diners Club Restrictions Citing ‘Satisfactory Compliance’

By Editors | 14/11/2021

Restrictions prohibiting Diners Club from onboarding new domestic customers have been lifted. Similar restrictions are still in place for Amex and Mastercard.

Securities / Derivatives

RBI Permits FPIs to Buy Debt Issued by REITs, InvITs

By Editors | 13/11/2021

The move will help REITs and InvITs to raise debt at competitive rates, boost institutional investor participation, and improve unit holders’ risk-adjusted returns.

Market Infrastructure

India’s CDSL Exposes Data from 44 Million Investors – Reports

By Ranamita Chakraborty | 13/11/2021

Information security consultant CyberX9 said CDSL took seven days to fix the initial vulnerability when it could have been fixed within two hours.

Securities / Derivatives

SEBI to Consider Opening Up Commodity Market to FPIs

By Editors | 10/11/2021

Currently FPIs can participate in the exchange-traded commodity derivatives only if they have actual exposure through exports and imports.

Market Infrastructure

India Recalibrates Approach to Shortening Settlement Cycle

By Editors | 09/11/2021

T+1 settlement will now be introduced in a phased manner, starting with the smallest stocks on 25 February, and ending with the biggest stocks around January 2023.

AML / KYC

India Undergoes National Risk Assessment on ML/TF Risks

By Editors | 07/11/2021

Central agencies including the RBI have been tasked with evaluating sectors that are vulnerable to ML/TF risks. India’s mutual evaluation is expected to take place around May 2022.

Capital / Liquidity

RBI Issues Revised PCA Framework for Weak Banks

By Editors | 03/11/2021

The profitability parameter has been removed in the revised PCA framework, which will also apply foreign banks operating in India through branches or subsidiaries.

Crypto / Digital Assets

India No Longer Likely to Ban Cryptocurrencies – Report

By Ranamita Chakraborty | 29/10/2021

Finance ministry officials have reportedly said that a law for cryptocurrencies could as soon as February 2022, around the time of India’s next general Budget.