India

Capital / Liquidity

India to Introduce Netting Legislation, Margin Rules for Derivatives

By Manesh Samtani | 11/02/2020

Prompted by a Budget proposal to introduce netting legislation “soon”, the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.

Capital / Liquidity

RBI Expands One-Time Restructuring Scheme for MSME Loans

By Editors | 11/02/2020

The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.

Capital / Liquidity

Cabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight

By Editors | 07/02/2020

Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.

Securities / Derivatives

SEBI Tightens Disclosure Standards for Alternative Investment Funds

By Editors | 07/02/2020

SEBI has set out minimum disclosure standards and introduced mandatory performance benchmarking for alternative investment funds.

Securities / Derivatives

India Streamlines FPI Registration Process

By Editors | 05/02/2020

The new ‘Common Application Form’ can be used for three purposes – FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.

Capital / Liquidity

India Raises Deposit Insurance Cover Five Fold

By Editors | 05/02/2020

Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.

Securities / Derivatives

SEBI Asks Exchanges to Review Commodity Derivatives Performance

By Editors | 05/02/2020

Performance reviews of commodity derivatives contracts should be conducted each year to ensure alignment with the physical markets.

Securities / Derivatives

BSE, NSE Launch New Trading Platforms for Debt Securities

By Editors | 04/02/2020

BSE India launched its new RFQ Platform on Monday and NSE on Tuesday. The platforms offer greater transparency and access to debt securities for eligible investors.

Securities / Derivatives

SEBI Sets Position Limits for Gift City Rupee Derivatives

By Editors | 04/02/2020

Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.