India

Securities / Derivatives

SEBI to Require Central Storage of IPO Due Diligence Documents

By Editors | 08/12/2024

SEBI said the stock exchanges have set up a platform which merchant banks must use to store their IPO due diligence documents.

Capital / Liquidity

RBI Announces Cut to Cash Reserve Ratio for Banks

By Editors | 08/12/2024

The CRR cut is expected to release $13.7bn in financial system liquidity, enabling banks to extend more loans to spur economic growth.

Enforcement

SEBI Disposes of Proceedings Against Brickwork Ratings

By Editors | 07/12/2024

The settlement order requires Brickwork Ratings to pay a penalty. SEBI had previously cancelled the CRA’s licence but its order was overturned on appeal.

Indian Parliament Advances Bill to Amend Banking Regulations

By Editors | 05/12/2024

The bill makes as many as 19 amendments to existing banking laws, including allowing deposits to have up to four nominees in their accounts.

Fintech / Regtech

India: RBIH Wants Banks to Use AI to Detect Mule Accounts

By Editors | 03/12/2024

The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

Securities / Derivatives

SEBI to Make Stock Exchanges Interoperable to Guard Against Outages

By Editors | 02/12/2024

The NSE and BSE will act as alternative trading venues for each other when a technical glitch or outage occurs at either exchange.

Enforcement

US Charges Against Gautam Adani Have Had Extensive Impacts

By Manesh Samtani | 27/11/2024

Opposition parties demand parliamentary probe; Kenya cancels deals; Sri Lanka opens investigation; Global banks halting credit.

Securities / Derivatives

SEBI Mandates Mark-to-Market Valuation for Mutual Fund Repo Transactions

By Editors | 27/11/2024

Mutual fund investments in repo transactions with tenors up to 30 days shall be valued on a mark-to-market basis.

Securities / Derivatives

SEBI Proposes to Diversify Ownership of Clearing Corporations

By Editors | 26/11/2024

SEBI proposes two options to diversify ownership of clearing corporations to allow them to operate as public utilities free from commercial, profit-making considerations.