India

Securities / Derivatives

SEBI Eases Lock-in Period for Promoters, Pre-IPO Investors

By Sanday Chongo Kabange | 11/08/2021

The lock-in period for promoters will be eased from 36 to 18 months. For pre-IPO investors, the lock-in will be reduced from 12 to 6 months.

Securities / Derivatives

Indian Startups Call on Govt to Allow Direct Overseas Listings

By Ranamita Chakraborty | 10/08/2021

Concerns that direct overseas listings will hurt the domestic market are unfounded, local startups said in a letter to the prime minister.

SEBI Allows Payments Banks to Perform Investment Bank Activities

By Ranamita Chakraborty | 10/08/2021

Payments banks will be able to accept application money, allotment or call money, and make payments of dividend or interest warrants.

Capital / Liquidity

India Progresses Key Deposit Insurance Reforms

By Editors | 09/08/2021

The reforms will enable customers to access their deposits within 90 days if a bank is unable to fulfill its obligations due to a moratorium.

Capital / Liquidity

RBI Extends Liquidity Facilities for Banks, NBFCs

By Editors | 09/08/2021

The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.

UPDATED – RBI Extends Deadline for Current Account Restrictions

By Editors | 09/08/2021

The extension is being provided to ensure customers are “not put to undue inconvenience during the implementation process”.

Market Infrastructure

RBI Amends Guidelines to Facilitate LIBOR Transition

By Manesh Samtani | 08/08/2021

Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.

AML / KYC

SEBI Allows Indian Fund Managers to Participate in FPIs

By Editors | 07/08/2021

KYC norms that required FPIs and institutional investors to disclose their personal information to SEBI have also been relaxed.

Securities / Derivatives

Intra-day NAV is Applicable for ETF Transactions: SEBI

By Ranamita Chakraborty | 06/08/2021

The mutual fund industry told SEBI the closing NAV may “not be relevant” for direct transactions in ETF units with large investors.