India

Capital / Liquidity

RBI Imposes Restrictions on Urban Cooperative Bank

By Editors | 30/11/2021

Malkapur Urban Bank will continue to have the business and operational restrictions in place until its financial position improves.

Securities / Derivatives

SEBI Sets Out Guidelines for Operating Silver ETFs

By Editors | 30/11/2021

Silver ETFs will have to allocate at least 95 percent of assets to silver and silver-related exchange-traded commodity derivatives.

Capital / Liquidity

RBI Proposes Scheme to Rescue PMC Bank Depositors

By Editors | 25/11/2021

PMC Bank will be merged into Unity Small Finance Bank, which was set up on 1 November by financial services conglomerate Centrum Group and fintech firm Bharatpe.

Securities / Derivatives

SEBI Relaxes Rule on Daily Fines for Disclosure Violations

By Sanday Chongo Kabange | 25/11/2021

Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.

Securities / Derivatives

SEBI Defers Implementation of New Margin Requirements

By Editors | 24/11/2021

New rules that require investors to have 50 percent of their margins in cash to trade in futures and options have been deferred to 28 February.

Securities / Derivatives

SEBI Issues New Disclosure Rules for Related-Party Transactions

By Sanday Chongo Kabange | 24/11/2021

Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.

Fintech / Regtech

India: GIFT City Regulator Wins Approval to Set Up Suptech Fund

By Editors | 24/11/2021

The IFSCA also received approval for a new headquarters building. GIFT City’s new gold bullion exchange is expected to launch in January.

Fintech / Regtech

RBI Panel Suggests Increasing Regulation for Digital Lenders

By Sanday Chongo Kabange | 22/11/2021

The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.

Securities / Derivatives

SEBI Publishes Charter of Investor Rights in Securities Market

By Editors | 21/11/2021

The charter sets out the rights and responsibilities of investors, as well as some ‘dos and don’ts’ of investing in the securities market.