India

Securities / Derivatives

SEBI Eases Mutual Fund Valuation Norms for Debt Securities

By Editors | 26/04/2020

Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.

Indian Banks Asked to Submit Lending Reports Daily

By Editors | 24/04/2020

The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.

Securities / Derivatives

SEBI Proposed Exemptions for Investors in Distressed Companies

By Editors | 24/04/2020

The regulator proposes to tweak its pricing rules for preferential share allotments, and to exempt investors in distressed companies from having to make a open offer.

Securities / Derivatives

SEBI Relaxes Fundraising Rules for Rights Issues, IPOs

By Editors | 24/04/2020

SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.

Securities / Derivatives

SEBI Extends Short Selling, Volatility Curbs Until 28 May

By Editors | 21/04/2020

SEBI has extended March measures that tightened market-wide position limits, raised margin rates, and capped on index derivatives positions.

AML / KYC

Industrial Bank of Korea to Pay $86m for US Sanctions Violations

By Editors | 21/04/2020

The bank failed to capture and prevent USD 1 billion in transactions to Iranian entities, cleared through financial institutions located in New York including its own branch.

Market Infrastructure

India’s New Foreign Investment Rules ‘Discriminatory’, says China

By Editors | 21/04/2020

The additional barriers violate the WTO’s principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.

AML / KYC

India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors

By Editors | 19/04/2020

India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb “opportunistic takeovers or acquisitions” of Indian companies.

Capital / Liquidity

RBI Announces New Measures to Counter Covid-19 Disruptions

By Editors | 18/04/2020

The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.