India

Market Infrastructure

GIFT City Regulator Consults on New Pension Fund Regulations

By Nithya Subramanian | 06/11/2025

The proposed pension rules from IFSCA aim to create a global retirement ecosystem from GIFT City with strict governance and investor safeguards.

Fintech / Regtech

India’s NPCI, Razorpay to Enable UPI Payments in Malaysia

By Nithya Subramanian | 05/11/2025

Tourists to Malaysia will soon be able to pay local merchants directly in ringgit using their UPI apps.

AML / KYC

India’s Enforcement Directorate Attaches Anil Ambani Group Assets in ML Case

By Nithya Subramanian | 05/11/2025

The total value of properties attached in the Reliance Group’s bank fraud probe now exceeds INR 754.5 billion, as the ED intensifies its investigation into alleged fund diversion and loan irregularities.

AML / KYC

India Plans Unified Framework to Strengthen Crackdown on Terror Financing

By Nithya Subramanian | 05/11/2025

The government is preparing an SOP to help law enforcement and financial agencies jointly track, trace, and dismantle hidden terror-funding networks exploiting gaps in existing systems.

Securities / Derivatives

India’s IFSCA Proposes Easing Norms for Capital Market Intermediaries

By Nithya Subramanian | 04/11/2025

The IFSCA has proposed easing qualification norms, lowered custodian net worth requirements, and introducing unified registration for GIFT City capital market intermediaries.

Securities / Derivatives

SEBI Eases Rules for Investment Advisers, Research Analysts

By Nithya Subramanian | 04/11/2025

SEBI allows advisers to charge for second opinions on distributed assets and share certified past performance before PaRRVA’s launch.

Fintech / Regtech

India Fintech Foundation Flags UPI Duopoly, Urges RBI to Act

By Nithya Subramanian | 04/11/2025

The industry body has cautioned that two dominant apps now control most UPI transactions, warning this could threaten competition and the stability of India’s digital payments network.

Securities / Derivatives

India’s Power Regulator Probes GNA Energy Over Alleged Insider Trading

By Nithya Subramanian | 03/11/2025

The investigation follows SEBI’s findings that GNA Energy officials may have traded on confidential details of a key power market reform before its public announcement.

AML / KYC

India Updates GIFT City KYC Rules to Cover Financial Groups, NRIs

By Nithya Subramanian | 03/11/2025

The IFSCA has tightened digital KYC norms with new cybersecurity, AI verification, and data safeguards, while allowing limited cross-border onboarding for NRIs from select countries.