India

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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’.

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    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.

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    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.

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    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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