India

Securities / Derivatives

SEBI Enlists 12 Entities to Provide Digital Forensic Services

By Ajoy K Das | 25/10/2023

The enlisted entities would be expected to extract and analyse digital evidence from devices during onsite search and seizure operations.

Securities / Derivatives

RBI Allows Retail Investors to Access FRSBs Through Direct Portal

By Ajoy K Das | 24/10/2023

Until now, floating rate savings bonds were only available to retail investors through select branches of State Bank of India and certain other institutions.

Securities / Derivatives

SEBI Offers Large Corporates Incentives to Issue Bonds

By Editors | 24/10/2023

Large corporates that raise more than 25 percent of their borrowing through debt securities will have to pay lower listing fees and Core SGF contributions.

SEBI Issues Guidelines to Boost Operational Resilience of QRTAs

By Editors | 23/10/2023

QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.

Fintech / Regtech

Google to Set Up Global Fintech Headquarters in India’s GIFT City

By Mark Johnston | 20/10/2023

Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.

AML / KYC

FATF to Scrutinise India’s Use of NGO Laws Amid Allegations of Misuse

By Editors | 20/10/2023

FATF officials are expected to visit India in November to identify whether India is using its laws to suppress NPOs and civil society groups.

Fintech / Regtech

India to Add More Banks to Singapore Payments Linkage – Report

By Sanday Chongo Kabange | 19/10/2023

India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.

AML / KYC

RBI Revises KYC Guidelines to Reflect Recent AML Law Changes

By Sanday Chongo Kabange | 18/10/2023

The amendments cover beneficial owner identification, customer due diligence, information-sharing policies, and other areas.

Enforcement

RBI Imposes Record Penalty on ICICI Bank for Rule Violations

By Sanday Chongo Kabange | 18/10/2023

The penalty against ICICI Bank was more than all the combined penalties imposed by the RBI on private banks for fiscal year 2023.