India

Market Abuse

SEBI Settles YES Bank Case of Selective Disclosures

By Editors | 15/09/2021

YES Bank allegedly made selective disclosures regarding its asset quality, and did not disclose regulatory breaches identified by the RBI.

Payments & Settlements

RBI Opens Applications for Third Sandbox Cohort

By Editors | 15/09/2021

Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.

Payments & Settlements

Singapore, India to Enable Real-time Cross-border Payments

By Sanday Chongo Kabange | 15/09/2021

The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.

Capital Adequacy

RBI Removes UCO Bank From PCA Framework

By Ranamita Chakraborty | 12/09/2021

UCO Bank is no longer in breach of the PCA parameters based on its latest results. Only Indian Overseas Bank and Central Bank of India remain under the PCA framework.

Data Privacy

RBI Account Aggregator Framework Brings Open Banking to India

By Editors | 12/09/2021

Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.

Trading & Investment

SEBI Revises Position Limits on Currency Derivatives

By Editors | 12/09/2021

The revised position limits apply to domestic clients, NRIs, and Category II FPIs that are individuals, family offices, and corporates.

Clearing & Post-Trade

SEBI to Introduce Optional T+1 Settlement Cycle from January

By Editors | 08/09/2021

Stock exchanges may choose to offer T+1 settlement on any scrip, after providing the market advance notice of at least one month.

Trading & Investment

SEBI Directs Fund Managers to Disclose Risk in All Promo Materials

By Editors | 06/09/2021

SEBI has clarified that asset managers should disclose scheme “risk-o-meters” in all disclosures including promotional material from 1 October.

Structural Regulation

SEBI Issues Guidelines on Accredited Investors Framework

By Editors | 05/09/2021

New circular covers eligibility criteria, validation for accreditation, the procedure to avail benefits linked to accreditation, and flexibility for investors to withdraw consent.