India

Securities / Derivatives

India to Develop GIFT City Markets for REITs, InvITs

By Ajoy K Das | 24/01/2024

Expert committee formed to recommend policy measures to facilitate the development of a REITs and InvITs ecosystem in GIFT City.

Securities / Derivatives

India to Allow Withdrawals from National Pension System

By Ajoy K Das | 24/01/2024

The PFRDA will allow withdrawals up to 25 percent of subscriber’s contribution for specific purposes related to property, medical and business.

Securities / Derivatives

RBI, SEBI Mull Exemptions on New AIF Investment Rules

By Ajoy K Das | 23/01/2024

Exemptions from rules issued in December are being sought by lenders and funds for AIFs that are set up specifically to invest in distressed assets.

Securities / Derivatives

SEBI Plans Comprehensive Stress Tests for Equity Funds

By Ajoy K Das | 23/01/2024

Initial stress test data was found unsatisfactory. More stress tests are being planned especially for MF schemes with exposures to small and mid-cap stocks.

Fintech / Regtech

SEBI to Start Using GenAI to Assess IPO Applications – Report

By Editors | 22/01/2024

SEBI chairperson Madhabi Puri Buch reportedly set up a task force and asked every department head to explore GenAI use cases.

Market Infrastructure

Google Pay and India’s NIPL Ink Pact to Expand UPI Globally

By Ajoy K Das | 18/01/2024

The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.

Capital / Liquidity

RBI Proposes Harmonised Regulatory Framework for HFCs and NBFCs

By Ajoy K Das | 18/01/2024

The central bank proposes higher liquid assets for housing finance companies, smaller aggregate deposits, and permission to issue co-branded credit cards with banks.

Market Infrastructure

India’s Proposal for T+0 Settlement Will Fragment Market: ASIFMA

By Editors | 18/01/2024

ASIFMA suggests that SEBI wait to see the impact from the US move to T+1 settlement before proceeding to a shorter settlement cycle in India.

Securities / Derivatives

India’s MCX Launches Country’s First Steel Rebar Futures Contract

By Ajoy K Das | 17/01/2024

According the MCX circular, no premium or discount will be allowed based on grade, size or delivery centres.