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Capital / Liquidity
India to Introduce Netting Legislation, Margin Rules for Derivatives
By Manesh Samtani | 11/02/2020
Prompted by a Budget proposal to introduce netting legislation “soon”, the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.
Capital / Liquidity
RBI Expands One-Time Restructuring Scheme for MSME Loans
By Editors | 11/02/2020
The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.
Capital / Liquidity
Cabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight
By Editors | 07/02/2020
Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.
Capital / Liquidity
India Raises Deposit Insurance Cover Five Fold
By Editors | 05/02/2020
Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.
Securities / Derivatives
SEBI Sets Position Limits for Gift City Rupee Derivatives
By Editors | 04/02/2020
Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.
Uncategorised
RBI Eases Limits on FPI Investment in Debt Securities
By Editors | 24/01/2020
RBI has re-opened the ‘voluntary retention route’ for FPI investments in debt, doubling the investment cap. Short-term investment limits have also been eased.
Securities / Derivatives
RBI Permits Gift City Trading of Rupee Derivatives
By Editors | 21/01/2020
The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.
RBI Issues Operational Guidance for UCB Large Exposure Reporting
By Editors | 20/01/2020
Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.
Fintech / Regtech
RBI Amends Penalties Framework for Payments System Operators
By Editors | 14/01/2020
The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.
RBI Imposes Restrictions on Another Cooperative Bank
By Editors | 14/01/2020
Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.
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