INDIA

Capital / Liquidity

RBI Issues Proposals on Forex Hedging, Capital, IRRBB

By Samuel Riding | 03/02/2017

NRIs to be allowed to hedge currency risk; banks can dip into reserves for T1 capital.

AML / KYC

India to Provide $1.5bn to Recapitalise Banks

By Samuel Riding | 02/02/2017

2017/18 budget also includes measures to ease NPAs, FPI access.

Market Infrastructure

India to Tighten Market Surveillance Around Budget Day

By Samuel Riding | 01/02/2017

Move aims to ensure market stability amidst potential volatility; budget could rationalise transaction tax.

SEBI Finalises Exchange Cross-listing Rules

By Samuel Riding | 30/01/2017

3-stage framework aims to address possible conflicts as BSE prepares to list on NSE on 3 February.

Capital / Liquidity

RBI to Push Back Asset Quality Review

By Samuel Riding | 30/01/2017

Banks said to have spent last two months dealing with impact of demonetisation.

AML / KYC

RBI Said to Lift Cash Withdrawal Limits by End-Feb

By Samuel Riding | 27/01/2017

Report suggests 78-88% of currency supply will be back in the system within 2 months.

Market Infrastructure

India’s Top Banks Eye Blockchain Trade Finance Platform

By Samuel Riding | 27/01/2017

Transaction documents kept on blockchain, reducing need for bank-to-bank reconciliation.

Securities / Derivatives

India Eyes Reduced Securities Transaction Tax

By Samuel Riding | 26/01/2017

Move aims to further attract investors to stock markets, mutual funds and other investment products.

Market Infrastructure

India Could Reintroduce Commodity Spot Market

By Samuel Riding | 25/01/2017

Securities regulator lobbying central bank for new market; last spot exchange shut in 2013.