India

Enforcement

SEBI Fines Reliance Industries, Mukesh Ambani for Manipulative Trading

By Editors | 05/01/2021

Reliance Industries entered into an arrangement with 12 agents to corner Reliance Petroleum futures and earn undue profits, SEBI said.

AML / KYC

RBI Announces Extension of KYC Registry to Legal Entities

By Editors | 22/12/2020

The RBI said regulated entities should upload KYC data pertaining to accounts of legal entities to the Central KYC Registry from 1 April 2021.

Fintech / Regtech

RBI Invites Firms to Test Cross-border Payments Tech in Sandbox

By Editors | 21/12/2020

The RBI has reduced the net worth requirement of participating firms and said it will allow partnerships and LLPs to participate.

Market Infrastructure

SEBI Consults on New Rules for Index Providers

By Sanday Chongo Kabange | 15/12/2020

SEBI proposes rules for index providers that conform to IOSCO requirements, to align India’s practices with those observed in foreign jurisdictions.

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.