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Securities / Derivatives
RBI Issues Guidelines on Retail Access to Government Securities
By Editors | 14/07/2021
Retail investors will be able to open an account directly with the central bank to gain access to primary issuance and secondary trading in government securities.
Enforcement
RBI Penalises Fourteen Banks Over NBFC Lending
By Editors | 12/07/2021
The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.
Securities / Derivatives
SEBI Proposes Tweaks to Dual Class Shares Framework
By Editors | 12/07/2021
SEBI proposes to allow superior voting rights shares to be issued to trusts and other corporate structures and to tweak other requirements.
Market Infrastructure
RBI Urges Banks to Stop Using LIBOR, MIFOR
By Manesh Samtani | 11/07/2021
FIs are asked to instead use ‘any widely accepted ARR’. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.
Capital / Liquidity
SEBI Allows Cross Margin Benefits in Commodity Futures Trades
By Editors | 03/07/2021
The move is part of efforts to improve efficiency in the use of the margin capital and enhance market liquidity.
Market Infrastructure
RBI Issues New Guidelines on Outsourcing for Coop Banks
By Editors | 03/07/2021
Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
Securities / Derivatives
SEBI Clarifies Application of Liquidity Risk Rules for Debt Funds
By Editors | 02/07/2021
Liquid assets requirements imposed in November mean that asset allocation limits only apply to the non-liquid portion of portfolios.
Capital / Liquidity
RBI Issues New Dividend Distribution Guidelines for NBFCs
By Ranamita Chakraborty | 27/06/2021
The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC’s profits, depending upon the nature of the business.
Securities / Derivatives
SEBI Allows Mutual Funds to Trade IRS for Hedging
By Sanday Chongo Kabange | 22/06/2021
SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.
Crypto / Digital Assets
Indian Banks to Develop Blockchain System for LCs
By Ranamita Chakraborty | 21/06/2021
The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
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