India

ESG / Sustainability

IFSCA Issues Framework for CRAs Providing ESG Ratings in GIFT City

By Ajoy K Das | 31/07/2024

The framework comes on the heels of a decision by SEBI to permit CRAs and ESG rating providers to undertake rating activities in GIFT City.

Capital / Liquidity

RBI Issues Directions on Treatment of Wilful Defaulters

By Ajoy K Das | 31/07/2024

The RBI has introduced stringent measures for wilful defaulters, including a ban on credit facilities and restructuring, based on a transparent classification process.

Securities / Derivatives

SEBI Launches AI-enabled Chatbot to Address Investors’ Queries

By Ajoy K Das | 31/07/2024

The chatbot can currently answer questions relating to the securities market, the latest master circulars, and the grievance redressal process.

Securities / Derivatives

NSE Launches Resource Dedicated to Passive Funds in India

By Ajoy K Das | 31/07/2024

The platform makes it easier for retail investors to access information and understand passive funds like ETFs and index funds, NSE said.

Crypto / Digital Assets

India to Issue Policy Paper on Crypto ‘Before September’

By Ajoy K Das | 30/07/2024

The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.

Enforcement

India, FBI Arrest 43 in Joint Operation Against Cybercrime Network

By Ajoy K Das | 30/07/2024

The cyber-enabled financial crime network operated in multiple countries and is estimated to have defrauded people of over $20mn.

Capital / Liquidity

RBI Issues PCA Framework for Urban Cooperative Banks

By Ajoy K Das | 29/07/2024

Like commercial banks and NBFCs, UCBs will be required to take certain actions if they breach risk thresholds relating to capital, asset quality, and profitability.

Fintech / Regtech

RBI Fines Visa and Two Other Payment System Operators

By Ajoy K Das | 29/07/2024

Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.

Securities / Derivatives

Most Individual Investors Lose Money on Intraday Trading: SEBI Study

By Ajoy K Das | 26/07/2024

Over 70 percent of individual investors engaging in intraday stock trading experienced losses during 2022-23, SEBI found in a new study.