India

Securities / Derivatives

SEBI Offers Large Corporates Incentives to Issue Bonds

By Editors | 24/10/2023

Large corporates that raise more than 25 percent of their borrowing through debt securities will have to pay lower listing fees and Core SGF contributions.

SEBI Issues Guidelines to Boost Operational Resilience of QRTAs

By Editors | 23/10/2023

QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.

Fintech / Regtech

Google to Set Up Global Fintech Headquarters in India’s GIFT City

By Mark Johnston | 20/10/2023

Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.

AML / KYC

FATF to Scrutinise India’s Use of NGO Laws Amid Allegations of Misuse

By Editors | 20/10/2023

FATF officials are expected to visit India in November to identify whether India is using its laws to suppress NPOs and civil society groups.

Fintech / Regtech

India to Add More Banks to Singapore Payments Linkage – Report

By Sanday Chongo Kabange | 19/10/2023

India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.

AML / KYC

RBI Revises KYC Guidelines to Reflect Recent AML Law Changes

By Sanday Chongo Kabange | 18/10/2023

The amendments cover beneficial owner identification, customer due diligence, information-sharing policies, and other areas.

Enforcement

RBI Imposes Record Penalty on ICICI Bank for Rule Violations

By Sanday Chongo Kabange | 18/10/2023

The penalty against ICICI Bank was more than all the combined penalties imposed by the RBI on private banks for fiscal year 2023.

Russia’s Sberbank Secures FPI Registration in India

By Editors | 18/10/2023

State-owned Sberbank is the first Russian bank to secure Category I FPI registration in India. VTB is also seeking the licence.

AML / KYC

SEBI Revises AML Guidelines for Securities Market Intermediaries

By Mark Johnston | 13/10/2023

The revisions lower the shareholding threshold for partners of a firm to be considered as beneficial owners from 15 to 10 percent, among other changes.