India

Securities / Derivatives

RBI Updates Requirements for CCPs on Governance Arrangements

By Editors | 31/10/2024

The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

Securities / Derivatives

French, German Banks to Extend Dealings With Indian CCPs

By Editors | 31/10/2024

At the same time, French and German regulators have asked their banks to consider alternate arrangements with local lenders.

Sanctions

India, Malaysia Supplying Nvidia AI Chips to Russia – Report

By Editors | 30/10/2024

An Indian company reportedly exported advanced Dell servers with high-end Nvidia processors to Russia between April to August 2024.

Capital / Liquidity

RBI’s LCR Plan Will Force Indian Banks to Rework Strategy

By Nithya Subramanian | 28/10/2024

The RBI has proposed an additional 5 percent run off factor for retail digital banking accounts. Other regulators are waiting for guidance from the BCBS.

Fintech / Regtech

Paytm Gains NPCI Approval to Onboard New UPI Users

By Mark Johnston | 26/10/2024

Paytm has received approval from the NPCI to resume onboarding new UPI users, a development seen as significant for the company.

AML / KYC

GLEIF Opens Mumbai Office to Support LEI Adoption in India

By Editors | 25/10/2024

The new office will help GLEIF build closer engagement with the market to ease and support LEI adoption, while also spreading awareness of the vLEI.

Securities / Derivatives

SEBI Orders Entities to Cut Ties with Unregistered Financial Advisors

By Nithya Subramanian | 25/10/2024

SEBI has directed all registered entities to terminate contracts with unregistered financial advisors within three months.

Securities / Derivatives

SEBI Extends Insider Trading Regulations to Mutual Funds

By Nithya Subramanian | 24/10/2024

Starting next month, AMCs must disclose the details of the designated persons, trustees and immediate relatives, as well as their holdings.

Market Infrastructure

RBI Expands Access to Electronic Trading Platform for G-Secs

By Mark Johnston | 24/10/2024

Access to NDS-OM will expand to regional rural banks, local area banks, NBFCs, provident funds, pension funds, and regulated MIIs.