India

Securities / Derivatives

India to Require Private Companies to Dematerialise Securities

By Ajoy K Das | 31/10/2023

Private companies will have to ensure their securities are issued only in dematerialised form by 30 September 2024.

Fintech / Regtech

RBI Amends Account Aggregator Framework to Promote Reciprocal Data Sharing

By Ajoy K Das | 31/10/2023

The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.

RBI Raises Limit for Non-callable Term Deposits

By Editors | 30/10/2023

All term deposits below the new INR 10 million threshold will have to mandatorily offer a withdrawal option to depositors.

Securities / Derivatives

SEBI Again Extends Agri-Derivatives Trading Suspension

By Editors | 30/10/2023

The suspension of trading, initially imposed due rising food inflation, will remain in place until 20 December 2024.

Crypto / Digital Assets

Indian Banks Offering Incentives to Boost CBDC Use – Report

By Ajoy K Das | 28/10/2023

Participating banks funding incentives to promote e-rupee usage in response to pressure from the RBI.

RBI Directs Credit Bureaus, Banks to Improve Services for Customers

By Ajoy K Das | 28/10/2023

CICs and credit institutions are given six months to implement a new compensation framework and customer service requirements.

Securities / Derivatives

SEBI Consults on New High-risk Category for Mutual Funds

By Ajoy K Das | 27/10/2023

SEBI is considering ways to protect small investors by requiring higher entry barriers for high-risk funds.

Fintech / Regtech

RBI Releases Draft Master Directions on Managing Outsourcing Risks

By Ajoy K Das | 27/10/2023

The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.

Bank Boards Must Have At Least Two Whole-time Directors: RBI

By Ajoy K Das | 26/10/2023

Banks that do not currently have at least two whole-time directors on their boards must submit proposals for their appointment within four months.