INDIA

India Banks Will Need More Capital to Meet Basel III

By Editors | 29/06/2015

The Reserve Bank of India has said that public sector banks are adequately capitalised, but they will need additional funds to comply with international capital adequacy norms in the future.

SEBI to Register Commodity Brokers from August

By Editors | 28/06/2015

The Securities and Exchange Board of India may start registrations of commodity brokers in August as it moves closer to its merger with the Forward Markets Commission.

India to Ease IPO Regulation for E-Commerce Startups

By Editors | 26/06/2015

The Securities and Exchange Board of India is proposing to ease rules for initial public offerings by startups, in order to prevent them from listing on exchanges abroad and allow local investors to profit from India’s e-commerce boom.

RBI Opposes Finance Ministry Plan to Use Gold Deposits for Bank Cash Reserve Ratio

By Editors | 25/06/2015

The Reserve Bank of India has written to the finance ministry in opposition to its plan to use gold deposits as bank cash reserve ratio.

India Allows Foreign Venture Funds to Register as Foreign Portfolio Investors

By Editors | 18/06/2015

The Securities and Exchange Board of India says Foreign Venture Capital Investors can be granted status as Foreign Portfolio Investors if they meet certain guidelines.

RBI Announces New Debt Restructuring Measures to Help Banks Tackle Bad Debt

By Editors | 11/06/2015

The Reserve Bank of India announces a new scheme to help banks deal with their mountains of bad debt.

SEBI-FMC Merger Expected by September

By Editors | 11/06/2015

The merger proposed in the 2015-2016 Union Budget is expected to be completed by September.

RBI Allows Improved Compensation for Banks’ Non-Exec Directors

By Editors | 03/06/2015

The Reserve Bank of India has improved remuneration for non-executive directors of private sector banks.

RBI Governor Backs PDMA Proposal

By Editors | 02/06/2015

Governor Raghuram Rajan said there was no reason for the RBI to manage public debt and he would be happy if the public debt management function goes to the government.