India

Securities / Derivatives

SEBI Extends Implementation Timelines on Key Market Reforms

By Editors | 31/03/2020

The new stewardship code for mutual funds is deferred three months. Portfolio managers, AIFs, and VC funds have two more months to comply with new disclosure requirements.

Market Infrastructure

India: State Bank Merger Plan Takes Effect on 1 April

By Editors | 31/03/2020

A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.

Capital / Liquidity

RBI Announces Broad Measures to Address Covid-19 Financial Stress

By Editors | 28/03/2020

The measures include a 3 month moratorium on term loans, deferred interest on working capital loans, $50bn of liquidity measures, and 6-month delays for NSFR, CCB and LEI implementation.

Capital / Liquidity

Indian Banks Directed to Extend Emergency Credit to SMEs

By Editors | 26/03/2020

The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.

Securities / Derivatives

SEBI Grants Compliance Relief to Fund Managers, Brokers, Issuers

By Editors | 24/03/2020

The new measures include relief from mutual fund policy initiatives, penalty provision exemptions for brokers, and various deadline extensions.

Securities / Derivatives

SEBI Tightens Short-selling, Margin Rates to Curb Volatility

By Editors | 23/03/2020

SEBI is hoping to rein in speculation by reducing the position limits and raising margin rates in equity and debt derivatives.

Securities / Derivatives

SEBI Allows Extra Time to File Quarterly, Annual Results

By Editors | 20/03/2020

Listed companies will have until 30 June to file their quarterly and annual financial results for the period ending 31 March.

AML / KYC

RBI Brings Payment Aggregators Under Regulatory Remit

By Editors | 19/03/2020

The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.

RBI Intervenes to Provide US Dollar, Rupee Liquidity

By Editors | 16/03/2020

The RBI’s move to provide US dollar liquidity amid a sinking rupee had the unintended consequence of squeezing liquidity in its domestic currency.