INDIA

RBI to Cap Members in Lending Consortium

By Editors | 19/09/2015

The Reserve Bank of India is planning to restrict the numbers of members in the Joint Lenders’ Forum in a bid to ease the difficulties banks often face in resolving distressed assets.

SEBI Asks Fund Managers to Explain Corporate Bond Holdings

By Editors | 18/09/2015

The Securities and Exchange Board of India has asked fund managers to explain their rationale for corporate bond investments and closely monitor recently-downgraded companies they hold.

India’s MAT Ruling Welcomed by Industry

By Editors | 09/09/2015

Government’s decision to waive the controversial minimum alternate tax on capital gains made by foreign investors retrospectively welcomed by cross-section of industry.

Bombay Stock Exchange Allows Roll-Over of Securities Loans

By Editors | 09/09/2015

The Bombay Stock Exchange has launched a roll-over facility for securities lending and borrowing in a bid to increase participation in the currently very shallow SLB market.

Framework Needed for Listing of India’s Exchanges

By Editors | 07/09/2015

The Securities and Exchange Board of India will soon have to put in place a framework for the listing of stock exchanges.

RBI Consults on Base Rate Calculation Methodology

By Editors | 05/09/2015

The Reserve Bank of India (RBI) has issued for consultation draft guidelines for banks to adopt the marginal cost of funds methodology for base rate calculations.

SEBI Consults on Clearing Corps Ahead of FMC Merger

By Editors | 04/09/2015

The Securities and Exchange Board is seeking public comment on recommendations to maintain separate clearing corporations for each exchange, rather than introduce a single clearing corporation.

India Releases List of Domestic Systemically Important Banks

By Editors | 02/09/2015

The Reserve Bank of India has designated the State Bank of India and ICICI Bank as Domestic Systemically Important Banks.

India Grants Payments Banks Licenses to Corporates

By Editors | 01/09/2015

The Reserve Bank of India has approved eleven non-financial corporations to become payments banks, a new classification of financial institution that can offer basic banking and payment services.