RESERVE BANK OF INDIA

India Eases FPI Rules

By Samuel Riding | 28/12/2016

Category 1 and 2 FPIs can hold derivatives up to 20% of a stock’s market wide position limit.

Securities / Derivatives

Australia, India Sanction Banks for Forex Violations

By Samuel Riding | 22/12/2016

2 Australian banks to make $3.6mn ‘community benefit’ payments, RBI fines 5 banks total of $844.

AML / KYC

RBI Backtracks on Demonetisation Deposit Limits

By Samuel Riding | 22/12/2016

Central bank says depositors will not be interrogated so long as accounts are KYC compliant.

AML / KYC

RBI Officials Arrested for ‘Unauthorised Money Exchange’

By Samuel Riding | 19/12/2016

Two officials said to have given away new notes amounting to almost $300,000.

Big Picture

The Big Picture – Indian Regulatory Outlook

By Samuel Riding | 08/12/2016

Highlights from Regulation Asia’s 2016 India Roundtable with ICCL, Stockholding, EY and PIVOT.

Capital / Liquidity

Indian Court Questions Cash Withdraw Limits

By Samuel Riding | 07/12/2016

Gujurat High Court suggests central bank also not empowered to conduct ‘demonetisation’.

Capital / Liquidity

RBI Moves to Mop up Liquidity after Currency Callback

By Samuel Riding | 28/11/2016

Banks required to hold incremental cash reserve ratio of 100%.

Market Infrastructure

India to Develop Sharia Banking Framework

By Samuel Riding | 21/11/2016

Central bank says introduction faces ‘various regulatory and supervisory challenges’.

AML / KYC

India Flushes Out Fake Notes in Overnight Gambit

By Samuel Riding | 09/11/2016

Current series of ₹1,000 and ₹500 notes cancelled overnight; ₹2,000 to be introduced.