INDIA

India Banks to Use Credit Bureaus for KYC Checks

By Editors | 14/07/2015

Indian Banks have started to use credit bureaus to perform identity and background checks as part of their KYC procedures.

SEBI Concerns Over Regulating Forward Contracts

By Editors | 13/07/2015

The Securities and Exchange Board of India says it is not comfortable with forward contracts on the commodity exchanges it will soon be expected to regulate.

India to Crack Down on Asset Managers Violating Inter-Scheme Transfer Norms

By Editors | 12/07/2015

The Securities and Exchange Board of India is considering taking action against asset management companies that are transferring assets from one mutual fund scheme to another at unfair valuations.

SEBI Directs Key Market Entities to Implement Cyber Security Policy

By Editors | 11/07/2015

The Securities and Exchange Board of India has directed stock exchanges and key market entities to implement a new framework to protect the securities market from cyber threats within six months.

India to Fast-Track Foreign Inflows into Alternative Investment Funds

By Editors | 08/07/2015

India is considering changes to its foreign exchange regulations to attract greater foreign capital inflows to Alternative Investment Funds.

India Shortens Evening Session for Agricultural Commodities

By Editors | 08/07/2015

India’s Forward Markets Commission has shortened the evening session for agricultural commodities by two hours and delisted four contracts.

New Outsourcing Policy Planned for India’s Key Market Entities

By Editors | 06/07/2015

SEBI will soon issue a new set of guidelines to govern outsourcing by stock exchanges and other key entities.

RBI to Allow New Type of ‘Account Aggregator’ NBFC

By Editors | 06/07/2015

The Reserve Bank of India said it will allow a new type of non-banking financial company which can act as an account aggregator to enable customers to see all accounts across multiple financial institutions in a common format.

India to Restrict Trading Speeds for Algorithmic Traders

By Editors | 03/07/2015

The Securities and Exchange Board of India is working on rules to strengthen regulation of algorithmic trading and create a level playing field for investors.