India

    Payments & Settlements

    RBI to Allow Credit Cards to Link to UPI System

    By Editors | 14/06/2022

    Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.

    Credit Risk

    RBI Issues Standard Asset Provisioning Rules for Large NBFCs

    By Editors | 09/06/2022

    The new provisioning rules are part of a new regulatory framework for NBFCs that takes effect on 1 October.

    Stablecoins

    NYDFS Issues Regulatory Guidance for Stablecoin Issuers

    By Editors | 09/06/2022

    The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.

    Fraud, Scams & Cybercrime

    RBI Opens Applications for Fourth Sandbox Cohort

    By Editors | 06/06/2022

    The fourth sandbox cohort will focus on preventing fraud. Eight entities have also been selected to participate in the third cohort on MSME lending.

    Sustainable Finance

    LuxSE, India INX Announce New MOU, First Dual Listing

    By Editors | 02/06/2022

    The MOU promises to facilitate listings of Indian sustainable securities on LuxSE, which will help to enhance their visibility to international investors.

    Fraud, Scams & Cybercrime

    More Chinese Firms Fall Under India Probe for ‘Irregularities’

    By Editors | 02/06/2022

    The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

    Conduct, Culture & Accountability

    India: AMFI Directs Fund Managers to End Remote Work Arrangements

    By Editors | 31/05/2022

    AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.

    Market Abuse

    SEBI Raids Brokers in Axis Fund Front-running Probe

    By Editors | 29/05/2022

    Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.

    Trading & Investment

    SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds

    By Editors | 29/05/2022

    ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.

    Payments & Settlements

    RBI Directs All Banks to Enable Cardless ATM Withdrawals

    By Editors | 26/05/2022

    The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.

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