India

Fintech / Regtech

Paytm Gains NPCI Approval to Onboard New UPI Users

By Mark Johnston | 26/10/2024

Paytm has received approval from the NPCI to resume onboarding new UPI users, a development seen as significant for the company.

AML / KYC

GLEIF Opens Mumbai Office to Support LEI Adoption in India

By Editors | 25/10/2024

The new office will help GLEIF build closer engagement with the market to ease and support LEI adoption, while also spreading awareness of the vLEI.

Securities / Derivatives

SEBI Orders Entities to Cut Ties with Unregistered Financial Advisors

By Nithya Subramanian | 25/10/2024

SEBI has directed all registered entities to terminate contracts with unregistered financial advisors within three months.

Securities / Derivatives

SEBI Extends Insider Trading Regulations to Mutual Funds

By Nithya Subramanian | 24/10/2024

Starting next month, AMCs must disclose the details of the designated persons, trustees and immediate relatives, as well as their holdings.

Market Infrastructure

RBI Expands Access to Electronic Trading Platform for G-Secs

By Mark Johnston | 24/10/2024

Access to NDS-OM will expand to regional rural banks, local area banks, NBFCs, provident funds, pension funds, and regulated MIIs.

Enforcement

RBI Halts Loan Activities of Four NBFCs Over Compliance Issues

By Nithya Subramanian | 23/10/2024

The RBI ordered four NBFCs to stop disbursing new loans due to excessively high rates which are non-compliant with regulatory guidelines.

ESG / Sustainability

EEX to Help Develop Hydrogren Trading Market in India

By Editors | 19/10/2024

The project will be supported by funding from the German government, which aims to promote green hydrogen projects in selected emerging markets.

Capital / Liquidity

Kotak Mahindra to Acquire StanChart’s Retail Loan Book

By Nithya Subramanian | 18/10/2024

The acquisition is expected to be completed in 3 months, allowing StanChart to focus on the wealth and SME segments as well as investment banking.

Securities / Derivatives

SEBI Speeds Up Availability of Sale Proceeds for FPIs

By Mark Johnston | 18/10/2024

Tax certificates for FPI sale trades will be issued faster, enabling FPIs to access sale proceeds for repatriation or reinvestment on settlement day.