India

Payments & Settlements

India Mandates Biometric UPI Payments, Shifts Liability to Banks

By Mark Johnston | 10/10/2025

Regulators have approved new biometric authentication methods for India’s UPI payments system, making banks fully liable for any safeguard failures.

Sustainable Finance

India to Launch Carbon Market Portal as Part of Net-Zero Strategy

By Nithya Subramanian | 09/10/2025

The centralised carbon trading platform, set to launch in January 2026, aims to enhance transparency, monitor emissions, and support India’s net-zero targets.

Trading & Investment

SEBI Revamps Block Deal Framework, Hikes Minimum Trade Size

By Sanday Chongo Kabange | 09/10/2025

SEBI has increased the minimum block deal value to INR 250 million and adjusted the price bands and trading window timings to streamline large trades.

Payments & Settlements

RBI Links FX-Retail platform with Bharat Connect to Widen Access

By Nithya Subramanian | 09/10/2025

The pilot linkage is expected to expand retail access to the FX market, enabling customers of five banks to buy US dollars directly through digital channels and third-party apps.

Structural Regulation

SEBI Proposes Major Overhaul of Exchange Administration Rules

By Sanday Chongo Kabange | 09/10/2025

SEBI plans to merge rules for equity and commodity exchanges and create separate frameworks for exchanges and clearing corporations to ease compliance.

Trading & Investment

SEBI to Review Securities Lending Rules to Boost Cash Market Liquidity

By Editors | 09/10/2025

The regulator is reviewing the process and design of its SLB mechanism, which has seen limited traction compared to the more popular futures market for shorting.

Tokenisation

RBI Launches Wholesale Deposit Tokenisation Pilot

By Mark Johnston | 09/10/2025

RBI will explore using its wholesale CBDC to support tokenised interbank deposits.

Payments & Settlements

India Launches Foreign Currency Settlement System at GIFT IFSC

By Nithya Subramanian | 08/10/2025

The new system allows IFSC Banking Units to locally settle USD transactions, cutting reliance on overseas banks and strengthening the hub’s global status.

Credit Risk

RBI Proposes 5-Year Glide Path to Adopt ECL Provisioning Norms

By Nithya Subramanian | 08/10/2025

The proposed capital and provisioning rules are aimed at strengthening risk management and easing capital strain on MSMEs, real estate, and consumer credit sectors.