India

AI Risk & Governance

SEBI Directs Market Infrastructures to Disclose AI, ML Use

By Editors | 05/02/2019

Stock exchanges, clearing corporations, depositories required to disclose their use of artificial intelligence and machine learning starting from the current quarter.

Anti-Money Laundering

India Launches Money Laundering Probe Against Former ICICI Bank Chief

By Editors | 03/02/2019

India’s Enforcement Directorate will seek to determine if alleged kickbacks generated in loan deals worth $262mn were laundered to create tainted assets.

Credit Risk

RBI Removes Three State Run Banks from PCA Framework

By Editors | 01/02/2019

India’s central bank has removed the Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from lending restrictions under its prompt corrective action framework.

Structural Regulation

India Finance Ministry to Have Greater Say in SEBI Rulemaking

By Editors | 31/01/2019

SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator’s own board for approval.

Trading & Investment

SEBI Issues Proposals to Improve Market for REITs, InvITs

By Editors | 30/01/2019

The regulator proposes to reduce the minimum subscription and trading lot size to great retail investors greater access, while also increasing the leverage limit for InvITs.

Capital Adequacy

Negative Income Shock Could Wipe Out RBI Capital Reserves – Study

By Manesh Samtani | 28/01/2019

The core capital held by the RBI is “too low” and could compromise its ability to manage risks, respond to negative income shocks and maintain operational independence.

Clearing & Post-Trade

SEBI Grants QCCP Status to Gift City Clearing Corporations

By Editors | 28/01/2019

India International Clearing Corporation (IFSC) Limited and NSE IFSC Clearing Corporation – wholly owned subsidiaries of the BSE and NSE, respectively – have been granted qualifying central counterparty status.

Custody & Infrastructure

India Banking Tech Institute Publishes Blueprint for Blockchain Adoption

By Manesh Samtani | 24/01/2019

The Institute for Development and Research in Banking Technology explores the benefits of blockchain in India’s banking sector and provides an implementation roadmap.

Payments & Settlements

India Mulls Loosening Norms for New Players in Retail Payments

By Garima Chitkara | 22/01/2019

Concerned about the concentration risk posed by the NPCI, the central bank has proposed relaxing some requirements for new firms looking to operate payment systems in India.