India

Securities / Derivatives

SEBI Grants Compliance Relief to Fund Managers, Brokers, Issuers

By Editors | 24/03/2020

The new measures include relief from mutual fund policy initiatives, penalty provision exemptions for brokers, and various deadline extensions.

Securities / Derivatives

SEBI Tightens Short-selling, Margin Rates to Curb Volatility

By Editors | 23/03/2020

SEBI is hoping to rein in speculation by reducing the position limits and raising margin rates in equity and debt derivatives.

Securities / Derivatives

SEBI Allows Extra Time to File Quarterly, Annual Results

By Editors | 20/03/2020

Listed companies will have until 30 June to file their quarterly and annual financial results for the period ending 31 March.

AML / KYC

RBI Brings Payment Aggregators Under Regulatory Remit

By Editors | 19/03/2020

The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.

RBI Intervenes to Provide US Dollar, Rupee Liquidity

By Editors | 16/03/2020

The RBI’s move to provide US dollar liquidity amid a sinking rupee had the unintended consequence of squeezing liquidity in its domestic currency.

Capital / Liquidity

RBI Amends Exposure Norms for Urban Cooperative Banks

By Editors | 16/03/2020

The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.

Capital / Liquidity

India’s Cabinet Green Lights Yes Bank Rescue Plan

By Editors | 16/03/2020

State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.

RBI to Provide Liquidity in Forex Market as Rupee Crashes

By Editors | 13/03/2020

The RBI will offer USD/INR sell/buy swaps to bolster FX  market liquidity, as foreign investors withdraw from India amid growing concerns over Covid-19’s economic impact.

Capital / Liquidity

RBI Finalises Yes Bank Rescue Plan, Including Funding Lines

By Editors | 12/03/2020

State Bank of India and other banks will invest about 500 billion rupees in Yes Bank shares and CDs. AT1 bondholders will recover about 20% of their investment.