India

    Fintech / Regtech

    RBI to Require Geo-Tagging of Payment System Touch Points

    By Editors | 31/03/2022

    Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.

    Securities / Derivatives

    SEBI to Allow Exchanges to Offer Commodity Index Options

    By Editors | 29/03/2022

    SEBI has set out a product design and risk management framework that should be used by exchanges looking to offer such products.

    Fintech / Regtech

    RBI Establishes Innovation Hub to Promote Fintech Innovation

    By Editors | 27/03/2022

    RBI governor Shaktikanta Das said the underlying focus of the innovation hub will be to promote inclusive access to financial services and products.

    Enforcement

    SEBI Probes Investment Banks Over Possible Insider Trades

    By Editors | 27/03/2022

    SEBI’s new AI-based surveillance systems have detected possible insider trades by related parties of investment bankers.

    Securities / Derivatives

    NSE, BSE Harmonise Industry Classification Structure for Listed Firms

    By Editors | 26/03/2022

    The India Industry Classification will come into effect from 31 March, harmonising industry classifications of companies listed and traded on NSE and BSE.

    Securities / Derivatives

    India Suspends Plan to Allow Direct Overseas Listings

    By Editors | 25/03/2022

    Domestic companies can only list overseas after first listing in India. Rule changes that would have allowed direct overseas listings have reportedly been suspended.

    Securities / Derivatives

    SEBI Eases Norms on Mutual Fund Transactions by Investors

    By Editors | 23/03/2022

    Norms prohibiting the use of one-time mandates to accept payments for mutual fund transactions have been eased.

    RBI Issues New Guidelines on the Provision of Microfinance Loans

    By Ranamita Chakraborty | 23/03/2022

    The RBI is lifting the interest rate ceiling on microfinance loans, but says it will continue to check that lenders do not charge “usurious” rates.

    AML / KYC

    GLEIF Welcomes LEI System’s First India Validation Agent

    By Editors | 22/03/2022

    Rubix Data Sciences has become the first India-based Validation Agent within the Global LEI System, and the sixth globally.

    Fintech / Regtech

    India, China to Enable Cross-Border Payments With Arab World

    By Editors | 21/03/2022

    India’s NPCI and China’s UnionPay have signed agreements to establish interoperability with Buna, a payment system owned by the Arab Monetary Fund.

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