India

India, Russia in Advanced Talks on Trade Treaty

By Sanday Chongo Kabange | 18/04/2023

The RBI is also engaged in discussions with several other countries on the possibility of conducting trade in the rupee.

Securities / Derivatives

NSE India to Launch WTI Crude Oil, Natural Gas Futures

By Editors | 17/04/2023

NSE will launch WTI crude oil and natural gas futures contracts from 15 May. Both already trade on India’s MCX.

RBI Directs Lenders to Charge Loan Penalties More Fairly

By Editors | 13/04/2023

The RBI said penal charges on loans are intended to “inculcate a sense of credit discipline among borrowers” and as a “revenue enhancement tool”.

Securities / Derivatives

SEBI Issues Framework to Improve IPO Price Band Discovery

By Editors | 12/04/2023

Stock exchanges will have to compute a common equilibrium price for IPO listings if their call auctions result in equilibrium prices that are too far apart.

ESG / Sustainability

RBI Issues ‘Green Deposits’ Framework for Banks, NBFCs

By Editors | 12/04/2023

The allocation of funds raised through green deposits shall be subject to independent third-party verification and assurance each year, the RBI says.

Fintech / Regtech

RBI Finalises Rules for Outsourcing of IT Services by Banks

By Editors | 12/04/2023

RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.

Securities / Derivatives

SEBI Mandates Direct Plan, Trail Fee Model for AIFs

By Editors | 11/04/2023

SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.

Market Infrastructure

RBI to Permit Local Users to Access Onshore NDF Market

By Editors | 09/04/2023

The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.

Fintech / Regtech

RBI Scraps Plans to Allow Firms to Develop UPI Alternative

By Editors | 07/04/2023

RBI deputy governor T Rabi Sankar says ‘new umbrella entity’ applicants did not propose solutions that were particularly innovative.