India

    CBDCs

    India to Introduce Digital Rupee in Coming Fiscal Year

    By Manesh Samtani | 03/02/2022

    Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.

    Trading & Investment

    SEBI Temporarily Suspends Overseas Investments by Mutual Funds

    By Editors | 02/02/2022

    The mutual fund industry is reportedly close to breaching a USD 7 billion industry-wide limit on overseas investments.

    Resolution & Recovery

    India: Unity Small Finance Bank Takes Over PMC Bank Branches

    By Sanday Chongo Kabange | 01/02/2022

    Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.

    Trading & Investment

    SEBI Directs Firms to Use Demat Form When Re-issuing Securities

    By Ranamita Chakraborty | 30/01/2022

    Issuer firms and RTAs should issue securities in dematerialised form when processing service requests from investors.

    ESG Data

    SEBI Proposes Regulatory Framework for ESG Rating Providers

    By Sanday Chongo Kabange | 27/01/2022

    SEBI says reliance on unregulated ESG rating providers poses risks to investors, transparency and the efficiency of securities markets.

    Structural Regulation

    RBI Allows More NBFCs to Undertake Factoring Business

    By Editors | 23/01/2022

    The change will increase the number of NBFCs eligible to undertake factoring business from 7 to 182.

    Structural Regulation

    SEBI Issues Guidelines on Penalties for Issuer Disclosure Failures

    By Editors | 16/01/2022

    The guidelines specify fines amounting to INR 5,000 per day for delays in disclosing information about board and shareholder meetings, and non-submission of quarterly and annual financial results.

    Market Risk

    RBI Proposes New Classification Norms for Bank Investments

    By Editors | 14/01/2022

    The RBI proposes to divide banks’ investment portfolios into three categories – held-to-maturity, available for sale, and fair value through profit and loss account.

    Trading & Investment

    SEBI Issues Framework for Operationalising Gold Exchanges

    By Sanday Chongo Kabange | 14/01/2022

    ‘Electronic Gold Receipt’ transactions have been divided into three tranches: creation of EGRs, trading of EGRs on stock exchanges, and conversion back into physical gold.

    Structural Regulation

    SEBI Requires Debt Issuers to Disclose Related Party Transactions

    By Sanday Chongo Kabange | 13/01/2022

    High-value debt listed entities must submit reports on their related party transactions to stock exchanges every six months.

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