India

Securities / Derivatives

India: Small- and Mid-Cap Stocks Making Regulators Nervous

By Pankaj Sharma | 29/04/2024

Pankaj Sharma says SEBI’s approach to small- and mid-cap funds has been prudent, but that it should look to more closely align with international standards.

AML / KYC

RBI Plans to Allow Banks Autonomy to Freeze Suspicious Accounts

By Ajoy K Das | 29/04/2024

The RBI plans to allow banks to suspend suspicious accounts without having to wait for a police complaint to be registered.

Capital / Liquidity

Asia-Pacific’s Long March Towards the Basel Endgame

By Blake Evans-Pritchard | 26/04/2024

Those who think we’ve heard the last about the framework’s implementation should think again.

Capital / Liquidity

RBI Raises Net Owned Funds Requirement for ARCs

By Ajoy K Das | 25/04/2024

Existing asset reconstruction companies will have until 31 March 2026 to meet the $36mn net owned funds requirement.

Securities / Derivatives

SEBI to Allow Cross-Margining for Futures with Different Expiries

By Ajoy K Das | 25/04/2024

A spread margin of 40 percent will be applicable for offsetting positions in correlated indices with different expiry dates.

Enforcement

RBI Imposes Business Restrictions on Kotak Mahindra Bank

By Ajoy K Das | 25/04/2024

The bank is prohibited from onboarding new customers and issuing fresh credit cards due to long-standing IT risk management deficiencies.

Enforcement

Indian NBFC Detects Vehicle Loan Fraud Worth $18m

By Ajoy K Das | 25/04/2024

The fraud involved forgery of KYC documents related to retail vehicle loans, resulting in company funds being embezzled.

Market Infrastructure

GIFT City IBUs Directed to Offer Internet Banking Within Six Months

By Ajoy K Das | 25/04/2024

IFSC Banking Units in GIFT City are asked to benchmark their internet banking services against top global banks in Singapore and Hong Kong.

Securities / Derivatives

SEBI Finds Violations by Offshore Funds Invested in Adani Group

By Ajoy K Das | 24/04/2024

12 offshore funds violated disclosure rules and breached investment limits. Eight of these funds are trying to settle with SEBI.