Reserve Bank of India

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    India to Require Pre-Approval for Mergers Involving Foreign Firms

    By Ajoy K Das | 10/09/2024

    The RBI’s approval will be required for merger and amalgamation deals involving foreign companies starting 17 September.

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    Securities / Derivatives

    StanChart Completes First Gold Price Hedge Deal in India’s GIFT City

    By Ajoy K Das | 05/09/2024

    Standard Chartered Bank completed an OTC derivatives deal in GIFT City worth $4mn for hedging gold prices.

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    Securities / Derivatives

    India IFSCA Issues New Listing Regulations for GIFT City

    By Ajoy K Das | 04/09/2024

    The regulations specify requirements for Indian and foreign companies seeking to list debt and equity securities (including SPACs) in GIFT City.

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    Fintech / Regtech

    RBI Sets Out Five-point Agenda for Future Financial Landscape

    By Ajoy K Das | 04/09/2024

    RBI governor Shaktikanta Das outlined five strategic priorities, including sustainable finance, cybersecurity, and financial infrastructure.

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    Capital / Liquidity

    Indian Banks Seeking Easier Rules for Retail Deposits, Project Loans

    By Ajoy K Das | 02/09/2024

    Banks want the RBI to relax the proposed ‘run-off’ requirement for retail deposits and the proposed provisioning norms for project loans.

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    Securities / Derivatives

    India to Adopt International Audit Standards in Domestic Rules

    By Ajoy K Das | 01/09/2024

    NFRA plans to adopt ISA 600 for all listed companies except those with government ownership. ICAI says this would concentrate audit work in the hands of a few large firms.

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    Securities / Derivatives

    RBI Introduces Scheme to Widen Green Bond Trading in GIFT City

    By Ajoy K Das | 30/08/2024

    Eligible participants include persons residing outside India, IBUs of foreign banks, and certain regulated funds or schemes.

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    Securities / Derivatives

    SEBI to Raise Net Worth Requirements for Merchant Bankers

    By Ajoy K Das | 30/08/2024

    The current net worth requirement is around $6mn. SEBI proposes to raise this 10x for those handling main board issues.

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    Fintech / Regtech

    RBI Grants Recognition to First SRO for Fintech Sector

    By Ajoy K Das | 30/08/2024

    The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.

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    Fintech / Regtech

    RBI Developing New Unified Platform to Facilitate Lending

    By Ajoy K Das | 28/08/2024

    The so-called “Unified Lending Interface” will provide lenders digital access to customer data from land records and other sources.

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