India

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.

ESG / Sustainability

RBI to Release Additional Guidance on Climate-related Risks

By Ajoy K Das | 02/08/2024

RBI official said guidance will be released on scenario analysis, stress testing and effective management of climate-related financial risks.

Securities / Derivatives

SEBI Proposes to Widen Scope of Insider Trading Regulations

By Ajoy K Das | 02/08/2024

SEBI proposes a wider definition of ‘connected person’ and to change ‘immediate relative’ to ‘relative’ to capture more individuals.

Fintech / Regtech

India: Ransomware Attack Disrupts Services at Nearly 300 Banks

By Ajoy K Das | 01/08/2024

The attack affected C-Edge Technologies, a TCS and SBI joint venture that provides technology services to small banks across India.

Securities / Derivatives

SEBI Proposes to Tighten Derivative Trading Framework

By Ajoy K Das | 01/08/2024

Seven measures proposed include higher minimum contract sizes and a switch from end-of-day to intraday monitoring of position limits.

Capital / Liquidity

RBI Directs UCBs to Discontinue “Dividend Equalisation Funds”

By Ajoy K Das | 01/08/2024

UCBs have been accumulating profits from previous years in dedicated funds to use for future dividend payments.

Fintech / Regtech

RBI Issues New Anti-Fraud Rules for Non-bank Payment Systems

By Ajoy K Das | 01/08/2024

The new master direction includes requirements to establish real-time fraud monitoring solutions and multi-factor authentication for all payment transactions.