India

Market Infrastructure

SEBI Directs Stock Exchanges to Audit Systems and Networks

By Editors | 08/05/2022

Stock exchanges must certify that their trading architecture and co-location facilities conform with regulatory requirements and treat all market participants fairly and equitably.

RBI Issues Guidance for NBFCs on Senior Manager Remuneration

By Editors | 07/05/2022

NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

Capital / Liquidity

RBI Surprises Market with Interest Rate Hike

By Editors | 06/05/2022

The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.

Fintech / Regtech

India’s GIFT City to Introduce Fintech Regulatory Sandbox

By Editors | 04/05/2022

The dedicated regulatory sandbox is part of government efforts to establish GIFT City as ‘world class’ fintech hub.

Capital / Liquidity

RBI Updates LCR Guidance for Commercial Banks

By Editors | 30/04/2022

Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.

AML / KYC

RBI Expands LEI Requirements for Corporate Borrowers

By Manesh Samtani | 26/04/2022

The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.

Securities / Derivatives

SEBI Issues Operational Guidelines for DLT-based Platform

By Editors | 25/04/2022

The new DLT-based platform is designed to monitor security creation, covenants and asset cover of non-convertible securities.

Capital / Liquidity

RBI Eases Capital Raising Restrictions for Rural Coop Banks

By Editors | 24/04/2022

Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.

Capital / Liquidity

RBI Issues Guidance on New Regulatory Framework for NBFCs

By Editors | 23/04/2022

The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.