India

Securities / Derivatives

SEBI Approves Proposal to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 20/03/2024

SEBI also approved a proposal to require AIFs to carry out specific due diligence of their investors and investments, to enhance trust in the AIF system.

Securities / Derivatives

SEBI Approves Rule Changes to Lower Burden on Listed Companies

By Ajoy K Das | 20/03/2024

Companies will no longer have to maintain a 1% security deposit for public or rights issues of equity shares. They will also have more time to fill KMP vacancies.

Capital / Liquidity

RBI Tightens Scrutiny of High-Risk Lending Models

By Ajoy K Das | 19/03/2024

The RBI is scrutinising mortgage top-up loans, algorithm based credit models, and co-lending arrangements.

Enforcement

US DOJ Probes Adani Group Over Potential Bribery Allegations

By Mark Johnston | 18/03/2024

The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.

Securities / Derivatives

SEBI to Scale Back Launch of Optional T+0 Settlement Cycle

By Ajoy K Das | 18/03/2024

SEBI said the “beta version” of the optional T+0 settlement system has been approved by its board, but only for a “limited set of 25 scrips” and “with a limited set of brokers”.

Securities / Derivatives

SEBI Exempts Certain FPIs from Additional Disclosure Requirements

By Ajoy K Das | 16/03/2024

SEBI also approved two other proposals, one to relax the timelines for disclosures of material changes, and the other to allow FPIs to reactivate an expired registration.

Securities / Derivatives

India: Five PSBs Required to Dilute Government Stake by August

By Ajoy K Das | 15/03/2024

Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.

Enforcement

RBI Seeks Information from Banks on Gold Loan Frauds

By Ajoy K Das | 15/03/2024

RBI asked banks to review their gold lending processes after some banks were found to have manipulated the system to meet gold loan targets.

Securities / Derivatives

SEBI Flags Manipulation, Bubble Risks in SME Segment

By Ajoy K Das | 15/03/2024

SEBI is working to introduce more disclosures for SME listings and seeking stress test results from fund managers in the segment.