INDIA

Securities / Derivatives

SEBI Moves to Lower Trading Costs for Investors

By Editors | 04/03/2019

Fees SEBI charges to brokers, stock exchanges and companies seeking to list will be reduced, among other changes aimed at spurring capital market activity.

Fintech / Regtech

India Tech Startups Lobby for Dual-Class Share Structures

By Editors | 01/03/2019

A lobby group for startups in India is urging the government to change the criteria for shares with differential voting rights to allow founders and promoters to better safeguard their ownership control.

Market Infrastructure

RBI Proposes Overhaul of Bank Executive Compensation Norms

By Editors | 28/02/2019

The proposals include a minimum 50% variable component, a compulsory deferral mechanism, and clawback provisions to ensure compensation reflects performance.

AML / KYC

RBI Extends KYC Compliance Deadline for e-Wallet Firms

By Editors | 27/02/2019

Following months of intense lobbying by e-wallet providers, the RBI has extended the deadline for completion of KYC processes by six months.

Capital / Liquidity

RBI Tightens Norms to Stem Flow of Credit to NBFC Sector

By Editors | 27/02/2019

The central bank has changed its risk weighting norms for bank exposures to NBFCs, making it more costly to lend to those that are rated poorly.

Capital / Liquidity

RBI Removes Three More Banks from PCA Framework

By Editors | 26/02/2019

Allahabad Bank and Corporation Bank have been released from PCA restrictions following the government’s capital infusion last week; Dhanlaxmi Bank was found not in breach of any PCA risk thresholds.

Securities / Derivatives

SEBI Revises Haircuts on G-Secs Used as Stock Trading Collateral

By Editors | 22/02/2019

Following feedback from clearing corporations, there will now be three haircut slabs depending on the type and tenure of government securities.

Capital / Liquidity

India Infuses $6.8bn into 12 Public Sector Banks

By Editors | 21/02/2019

The Indian government has approved capital infusions into 12 public sector banks amounting to $6.8bn as part of its bank recapitalisation plan.

RBI to Pay $3.9bn Interim Dividend to Government

By Editors | 19/02/2019

India’s central bank will pay a $3.9bn interim dividend to the government amid pressures to transfer its surplus reserves.