India

Market Abuse

SEBI Investigating $5bn Penny Stock Scam

By Samuel Riding | 17/05/2017

Indian securities regulator has been using data analytics and surveillance to identify culprits.

Credit Risk

1st Indian Bank Enters RBI Corrective Action Regime

By Samuel Riding | 11/05/2017

IDBI Bank’s business activities restricted due to high NPA and low ROA.

Capital Adequacy

India to Cut State Ownership of Banks

By Samuel Riding | 09/05/2017

Dilution to 52% stakes to support recapitalisation in pursuit of $12.4bn needed to comply with Basel III.

Credit Risk

RBI Granted More Powers to Tackle Bad Loans

By Samuel Riding | 08/05/2017

Central bank can direct banks on how to deal with stressed assets.

Trading & Investment

SEBI Confirms Introduction of Commodity Options

By Samuel Riding | 27/04/2017

Other new initiatives cover equity/commodity licensing unification; mutual fund purchases via e-wallet.

Cybersecurity

Indian Central Bank to Set up Cyber-Emergency Team

By Samuel Riding | 19/04/2017

Recent ‘ethical hack’ found cybersecurity weaknesses at two public sector banks.

Trading & Investment

India Allows Equity Derivatives at IFSCs

By Samuel Riding | 17/04/2017

Position limit set at 10% of free float; 50% of domestic market MWPL by value.

Cryptocurrency

India Eyes Virtual Currency Regulation

By Samuel Riding | 13/04/2017

Committee launched 2 months after central bank reminder that all VC platforms are unlicensed.

Fraud, Scams & Cybercrime

Indian Banks Seek Forensic Auditors Amid Fraud Fears

By Samuel Riding | 12/04/2017

Association says auditors should have at least 10 years experience for the largest suspected frauds.