India

Crypto / Digital Assets

India Demands $86m in Back Taxes from Crypto Giant Binance

By Ajoy K Das | 06/08/2024

Binance is said to have earned more than $476mn in transaction fees from Indian customers between July 2017 and March 2024.

Capital / Liquidity

RBI Proposes Regulatory Principles for Managing Credit Models

By Ajoy K Das | 06/08/2024

Lenders using models from third parties have to ensure the contractual arrangements allow supervisory evaluations of the models by the RBI.

Securities / Derivatives

SEBI to Overhaul Approval Process for IPOs Using AI

By Ajoy K Das | 06/08/2024

A “template fill-in-the-blank IPO document” will be introduced and AI-based tools will be used to review the documents.

Securities / Derivatives

SEBI Proposes Standardised Timelines for Trading of Bonus Shares

By Ajoy K Das | 05/08/2024

The changes aim to create uniformity in the timelines for crediting and trading bonus shares across all issuers, SEBI said.

Capital / Liquidity

RBI Revises NPA Provisioning Norms for Cooperative Banks

By Ajoy K Das | 05/08/2024

The RBI’s instructions aim to ensure uniformity in the treatment of Bad and Doubtful Debt Reserves for prudential purposes.

Fintech / Regtech

RBI Proposes New Framework on Digital Payments Authentication

By Ajoy K Das | 04/08/2024

The draft framework would require all digital payment transactions to be authenticated with AFA unless otherwise exempted.

Fintech / Regtech

RBI Issues Draft Rules for Aadhar-enabled Payment Systems

By Ajoy K Das | 03/08/2024

The draft rules focus on onboarding and ongoing due diligence of AePS touchpoint operators to prevent fraud.

Fintech / Regtech

BigTech Integration in Finance Poses Challenges: RBI Report

By Ajoy K Das | 03/08/2024

RBI report discusses BigTech in financial services, financial sector digitalisation, international payments initiatives and India’s CBDC.

Securities / Derivatives

SEBI Proposes Change to Granular Disclosure Rules for FPIs

By Ajoy K Das | 02/08/2024

The proposal will reduce the risk of hidden control by entities from land bordering countries, without requiring FPIs to disclose each and every owner.