India

Securities / Derivatives

SEBI to Allow NRIs, OCIs to Invest More in GIFT City via FPIs

By Editors | 27/08/2023

SEBI proposes to allow IFSCA regulated FPIs to accept higher levels of investment from Indian citizens residing overseas.

SEBI Proposes to Form New Supervisory Body for Research Analysts

By Sanday Chongo Kabange | 24/08/2023

SEBI proposes to require membership in the new body in order to obtain registration as a research analyst in India.

Securities / Derivatives

SEBI Enhances Governance Norms for REITs, InvITs

By Mark Johnston | 23/08/2023

Investors with at least 10% of a REIT’s units can nominate directors. The amendments also introduce the concept of self-sponsored REITs.

RBI Asking Banks to Settle UAE Trade Without USD – Report

By Editors | 22/08/2023

The RBI has asked banks to encourage clients and corporates to settle trade with the UAE using the dirham or Indian rupee.

Market Infrastructure

India’s Finance Minister Reviews Progress of GIFT City

By Mark Johnston | 22/08/2023

Nirmala Sitharaman reviews GIFT City’s progress, saying a legal framework for accounting, auditing, and taxation professionals will soon be in place.

AML / KYC

India Tightens Rules on SIM Card Registration to Combat Fraud

By Editors | 22/08/2023

India’s one million SIM card dealers will have to undergo a mandatory verification and registration process within one year.

RBI Unveils New Penal Charges Regime to Promote Fair Lending

By Sanday Chongo Kabange | 21/08/2023

The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.

Capital / Liquidity

RBI Launches Digital Portal for Unclaimed Deposit Recovery

By Ranamita Chakraborty | 21/08/2023

Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.

India Tightens Guidelines for Financial Influencers

By Editors | 17/08/2023

Financial influencers have to be registered with SEBI and prominently display their registration number to offer investment-related advice.