India

Securities / Derivatives

SEBI to Expand T+0 Settlement to More Stocks, Brokers

By Editors | 13/12/2024

T+0 settlement will be available to more stocks starting from 31 January 2025. All stock brokers will be allowed to participate.

Fintech / Regtech

RBI to Form Dedicated Committee to Develop Framework for AI

By Editors | 11/12/2024

The committee of experts shall recommend a “robust, comprehensive, and adaptable AI framework” for the financial sector, the RBI said.

Securities / Derivatives

SEBI Issues Updated Investor Charter to Enhance Protections

By Editors | 10/12/2024

The updated charter emphasises the confidentiality of investor information and strengthens the grievance redressal and dispute resolution mechanisms.

Securities / Derivatives

RBI to Launch a New Interest Rate Benchmark Called SORR

By Manesh Samtani | 10/12/2024

The Secured Overnight Rupee Rate will be based on market repo and tri party repo transactions, which account for 98% of overnight money market transactions.

India Surprises Market With New RBI Governor Appointment

By Editors | 10/12/2024

Sanjay Malhotra, Revenue Secretary in the Ministry of Finance, was appointed as RBI governor for a three-year term.

Market Infrastructure

SEBI Proposes to Introduce Closing Auction Session for Indian Stocks

By Editors | 09/12/2024

SEBI proposes to replace the VWAP mechanism with a 15-minute CAS session to determine the closing prices of stocks.

Securities / Derivatives

SEBI to Require Central Storage of IPO Due Diligence Documents

By Editors | 08/12/2024

SEBI said the stock exchanges have set up a platform which merchant banks must use to store their IPO due diligence documents.

Capital / Liquidity

RBI Announces Cut to Cash Reserve Ratio for Banks

By Editors | 08/12/2024

The CRR cut is expected to release $13.7bn in financial system liquidity, enabling banks to extend more loans to spur economic growth.

Enforcement

SEBI Disposes of Proceedings Against Brickwork Ratings

By Editors | 07/12/2024

The settlement order requires Brickwork Ratings to pay a penalty. SEBI had previously cancelled the CRA’s licence but its order was overturned on appeal.