India

Market Infrastructure

SEBI to Allow Futures Contracts on Corporate Bond Indices

By Sanday Chongo Kabange | 12/01/2023

Stock exchanges will be allowed to launch futures contracts on indices of corporate debt securities rated AA+ and above.

Securities / Derivatives

SEBI Allows Indian Fund Managers to Serve GIFT City FPIs

By Editors | 11/01/2023

FPIs will be allowed to invest in mutual fund schemes except those categorised as “thematic”, purportedly to prevent higher volatility for entire sectors.

Fintech / Regtech

PayNow-UPI Linkage is Ready for Launch: MAS Official

By Editors | 11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

Securities / Derivatives

SEBI Proposes to Standardise Approach to AIF Portfolio Valuation

By Editors | 10/01/2023

SEBI proposes that PE funds, angel funds, and VC funds in India adopt the internationally recognised IPEV guidelines for portfolio valuation.

AML / KYC

Banks Can Perform Re-KYC Process Remotely, Says RBI

By Editors | 10/01/2023

If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.

ESG / Sustainability

India to Issue First Sovereign Green Bonds on 25 January

By Editors | 09/01/2023

There will be no limit on overseas investment in the $1.9bn sovereign green bond issuance. Five percent of the sale will be reserved for retail investors.

AML / KYC

India: KYC Becomes Mandatory for All Insurance Policies

By Editors | 08/01/2023

KYC documents have to date not been mandatory for non-life or general insurance policies at the time of purchase.

Capital / Liquidity

Indian Banks Can Withstand Even Severe Stress Conditions: RBI

By Editors | 07/01/2023

RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

Market Infrastructure

RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

By Mark Johnston | 05/01/2023

The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.