India

Market Infrastructure

SEBI Recognises BSE as Supervisory Body for Analysts, Advisers

By Ajoy K Das | 15/07/2024

BSE has been granted five-year recognition as supervisory body for research analysts and investment advisors.

Securities / Derivatives

IFSCA Permits Synthetic Securitisation by Banks in GIFT City

By Ajoy K Das | 12/07/2024

IBUs will be allowed to participate in synthetic securitisation if its home regulator complies with Basel III framework.

Capital / Liquidity

RBI Red Flags Bank Accounts Used for Fraud and Evergreening

By Ajoy K Das | 12/07/2024

Banks should rationalise accounts and enforce stringent control measures through proper reporting to the audit committee of the board, said Swaminathan.

Capital / Liquidity

RBI Permits Banks to Use Ratings by Brickwork Ratings India

By Ajoy K Das | 12/07/2024

SEBI had cancelled Brickwork’s registration as a CRA in 2022, but the central bank now has allowed banks to use its ratings for loans up to INR 2.5 billion.

RBI Further Opens GIFT City Banking to Indian Residents

By Ajoy K Das | 12/07/2024

The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.

Securities / Derivatives

SEBI Committee Recommends Measures to Curb Derivatives Trading Volumes

By Ajoy K Das | 11/07/2024

The committee proposes increasing minimum lot sizes and limiting options to address rising speculative trading in derivatives.

Fintech / Regtech

Bangladesh Bank Issues Rules for Digital Payments Platform

By Ajoy K Das | 11/07/2024

The platform supports the use of virtual IDs to protect entities from crimes such as identity theft, extortion and fraud.

Securities / Derivatives

SEBI Issues New Rules for Passively Managed Funds

By Ajoy K Das | 10/07/2024

SEBI is imposing a new cap for passive mutual fund schemes on investments in sponsor-affiliated companies.

Capital / Liquidity

Bangladesh Bank Introduces Exit Policy for Business Borrowers

By Ajoy K Das | 09/07/2024

Borrowers, including defaulters, can pay 10 per cent of the loan upfront and settle the balance in multiple instalments over three years.