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Capital / Liquidity
SEBI Issues New Framework for Client Funds Upstreaming
By Mark Johnston | 08/06/2023
Stock brokers will have to upstream all client funds to clearing corporations by the end of each day.

Securities / Derivatives
RBI Permit Banks to Offer Non-deliverable FX Derivatives to Resident Indians
By Editors | 08/06/2023
HSBC India executed its first non-deliverable FX derivative transaction with Reliance Industries just a day after the RBI’s policy change.

Securities / Derivatives
SEBI Orders Stockbrokers to Direct More Trades to RFQ Platforms
By Sanday Chongo Kabange | 06/06/2023
From 1 July, stockbrokers will have to channel at least 10% of their proprietary corporate bond trades by value through RFQ platforms.

Fintech / Regtech
RBI Consults on Cyber Resilience Guidelines for Payment System Operators
By Sanday Chongo Kabange | 06/06/2023
The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.

Capital / Liquidity
IRDAI Orders SBI Life to Take Over Sahara India Life
By Ranamita Chakraborty | 05/06/2023
Sahara Life’s financial position has been deteriorating with rising losses and a higher percentage of claims to total premiums.

RBI Panel Offers Recommendations on Improving Bank Services
By Editors | 05/06/2023
The committee issued recommendations to foster a more customer-centric approach in the financial services industry.

Securities / Derivatives
SEBI Proposes Tighter Rules for Granting QIB Status to AIFs
By Mark Johnston | 31/05/2023
SEBI said many AIFs have only one or two investors but have been obtaining benefits as ‘Qualified Institutional Buyers’.

RBI Governor Raises Concerns Over India Bank Governance
By Ranamita Chakraborty | 30/05/2023
RBI governor Shaktikanta Das said banks are employing “smart accounting methods” to artificially boost performance and mask stressed loans.

Securities / Derivatives
SEBI Proposes to Strengthen Investor Grievance Handling Process
By Ranamita Chakraborty | 29/05/2023
SEBI is seeking to streamline the complaints redressal process and introduce a two-tier review system.

Securities / Derivatives
SEBI Proposes to Cut IPO Listing Timelines in Half
By Mark Johnston | 24/05/2023
The proposal is expected to improve the efficiency and transparency of the IPO process and provide faster access to capital.
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