India

Market Infrastructure

India’s RTGS System to Be Available 24×7 from Monday

By Editors | 09/12/2020

RTGS members banks are directed to inform their customers of the change and to put in place necessary infrastructure to provide RTGS around the clock.

Capital / Liquidity

RBI Allows Regional Rural Banks to Access Liquidity Facilities

By Editors | 08/12/2020

To date, regional rural banks have not been permitted to access the RBI’s liquidity windows or the Call/Notice market.

Securities / Derivatives

RBI to Enhance Guidelines for OTC Derivatives, CDS, Money Markets

By Editors | 08/12/2020

The RBI is looking to enhance governance of OTC derivatives market makers, establish consistency in money market and debt instruments, and update its CDS guidelines.

Capital / Liquidity

RBI Directs Banks Not to Declare Dividends for FY2020

By Editors | 06/12/2020

Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.

Market Infrastructure

RBI Chief Calls for Smooth Transition from LIBOR

By Sanday Chongo Kabange | 02/12/2020

Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.

Capital / Liquidity

Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank

By Editors | 26/11/2020

All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.

Securities / Derivatives

SEBI Consults on Extra Disclosure Rules for Listed Companies

By Sanday Chongo Kabange | 24/11/2020

The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.

Capital / Liquidity

RBI Working Group Proposes New Rules on Bank Ownership

By Sanday Chongo Kabange | 23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

ESG / Sustainability

Luxembourg, India Sign Three Market Cooperation Agreements

By Editors | 23/11/2020

An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.