India

Securities / Derivatives

India: Fees, Charges Payable to SEBI Now Subject to 18pc GST

By Editors | 26/07/2022

Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.

Capital / Liquidity

RBI Imposes Restrictions on Two Cooperative Banks

By Editors | 24/07/2022

The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.

Capital / Liquidity

RBI Adopts Four Tier Regulatory Framework for UCBs

By Editors | 24/07/2022

A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.

AML / KYC

India, Indonesia to Work Towards Establishing Payment Linkages

By Editors | 20/07/2022

The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.

Securities / Derivatives

SEBI to Extend Insider Trading Prohibitions to Mutual Funds

By Editors | 17/07/2022

SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.

Fintech / Regtech

RBI Grants First In-Principle Approvals for Payment Aggregator Licence

By Editors | 17/07/2022

Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.

AML / KYC

Why India Does Not Use Sanctions

By Mathew Chemplayil | 12/07/2022

India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.

AML / KYC

India Enables Rupee Settlement Mechanism for International Trades

By Editors | 12/07/2022

The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.

Capital / Liquidity

RBI Announces Measures to Cushion Falling Rupee

By Editors | 09/07/2022

The RBI has exempted FPIs from a cap on investments in government securities and corporate bonds. FPIs can also buy short-duration corporate debt.