India

Securities / Derivatives

SEBI Revamps Supervisory Framework for Analysts, Advisers

By Ajoy K Das | 05/05/2024

Under the new framework, stock exchanges can apply to be recognised as administrative and supervising bodies for research analysts and investment advisers.

Capital / Liquidity

RBI Proposes Higher Provisions for Projects Under Construction

By Ajoy K Das | 05/05/2024

The RBI proposes to require higher provisions for financing of projects in the construction phase, even if not overdue or stressed.

Securities / Derivatives

SEBI Eases Rules to Enable Digital Onboarding by Portfolio Managers

By Ajoy K Das | 04/05/2024

A requirement for distributors of portfolio management services to register with the APMI is also being mandated.

Securities / Derivatives

SEBI Allows NRIs, OCIs to Fully Own GIFT City FPIs Entities

By Ajoy K Das | 03/05/2024

Non-resident Indians and overseas citizens of India will be allowed to own up to 100 percent in FPIs, compared to just 50 percent previously.

Fintech / Regtech

RBI Updates Expectations on Operational Risk Management

By Ajoy K Das | 03/05/2024

The updated guidance note better aligns with the BCBS principles and extends applicability to regulated entities beyond just banks.

Securities / Derivatives

RBI Issues Draft Framework for Electronic Trading Platforms

By Ajoy K Das | 02/05/2024

ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.

Fintech / Regtech

RBI Removes Ban on Lending Products by Bajaj Finance

By Ajoy K Das | 02/05/2024

The RBI had directed Bajaj Finance, one of India’s largest consumer lenders, to stop disbursing loans under two lending products in November.

Crypto / Digital Assets

India Collaborates with US FBI on Crypto Scam Case

By Ajoy K Das | 01/05/2024

The joint operation uncovered a $360mn scam involving drug trafficking, crypto payments and the dark web.

RBI Directs Lenders to Repay Customers for “Excess” Interest

By Ajoy K Das | 01/05/2024

Lenders are directed to refund excess interest, review existing practices, and make system level changes to prevent unfair interest charges.