India

Securities / Derivatives

SEBI Proposes to Tighten Rules on Use of IPO Proceeds

By Sanday Chongo Kabange | 19/11/2021

SEBI is considering increasing the lock-in period for anchor investors and limiting share sales by significant shareholders for six months.

RBI Mandates Designation of Internal Ombudsman at NBFCs

By Sanday Chongo Kabange | 19/11/2021

NBFCs with 10 or more branches and with asset size of INR 50 billion have six months to appoint an internal ombudsman in charge of grievance redressal.

Capital / Liquidity

RBI Seeks Industry Alignment of Loan Classification Norms

By Editors | 18/11/2021

The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.

Market Infrastructure

RBI Combines Ombudsman Schemes for Regulated Entities

By Sanday Chongo Kabange | 15/11/2021

The new scheme combines the existing ombudsman schemes for banks, NBFCs and payment system operators and centralises complaints filing and processing.

Securities / Derivatives

RBI Opens Direct Access to G-Secs Market for Retail Investors

By Editors | 14/11/2021

As of 2.30pm on Saturday, the new RBI Retail Direct Scheme had received over 12,000 registrations from retail investors, which was described as an “encouraging response”.

Market Infrastructure

RBI Lifts Diners Club Restrictions Citing ‘Satisfactory Compliance’

By Editors | 14/11/2021

Restrictions prohibiting Diners Club from onboarding new domestic customers have been lifted. Similar restrictions are still in place for Amex and Mastercard.

Securities / Derivatives

RBI Permits FPIs to Buy Debt Issued by REITs, InvITs

By Editors | 13/11/2021

The move will help REITs and InvITs to raise debt at competitive rates, boost institutional investor participation, and improve unit holders’ risk-adjusted returns.

Market Infrastructure

India’s CDSL Exposes Data from 44 Million Investors – Reports

By Ranamita Chakraborty | 13/11/2021

Information security consultant CyberX9 said CDSL took seven days to fix the initial vulnerability when it could have been fixed within two hours.

Securities / Derivatives

SEBI to Consider Opening Up Commodity Market to FPIs

By Editors | 10/11/2021

Currently FPIs can participate in the exchange-traded commodity derivatives only if they have actual exposure through exports and imports.