India

Securities / Derivatives

India: RBI Deputy Governor Urges NBFCs to Monitor P2P Lending

By Ajoy K Das | 13/02/2024

Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.

Fintech / Regtech

India Launches UPI Services in Sri Lanka and Mauritius

By Ajoy K Das | 13/02/2024

Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.

RBI Increases Cap on Remuneration of Bank Executives

By Ajoy K Das | 13/02/2024

The higher cap applies to all private sector banks, including small finance banks, payment banks, and wholly-owned subsidiaries of foreign banks.

Crypto / Digital Assets

RBI to Enable CBDC Programmability, Offline Functionality

By Ajoy K Das | 10/02/2024

RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

Fintech / Regtech

India: Industry Body to Publish Whitelist of Digital Lenders

By Ajoy K Das | 09/02/2024

The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.

Market Infrastructure

India: AMNI Agrees to Extend Trading Hours for Index Futures

By Ajoy K Das | 09/02/2024

The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.

Securities / Derivatives

SEBI to Adjust Timelines for FPIs to Disclose Material Changes

By Ajoy K Das | 09/02/2024

Material changes will be categorised into two groups, with different reporting timelines. New framework also proposed for dealing with securities after FPI registration expires.

Securities / Derivatives

SEBI Issues Guidelines on Preparation of Offer Documents

By Ajoy K Das | 08/02/2024

Draft offer documents should be prepared in “simple language”. SEBI will return noncompliant documents to issuers for correction and resubmission.

Securities / Derivatives

India: IRDAI to Scrap Pre-approval Requirement for Insurer IPOs

By Ajoy K Das | 07/02/2024

Seven different regulations for insurance companies are being merged to enhance ease of doing business.