India

Market Infrastructure

India’s Transition Away from LIBOR ‘Full of Challenges’

By Manesh Samtani | 19/11/2020

The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.

Capital / Liquidity

RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank

By Editors | 18/11/2020

The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.

Securities / Derivatives

BSE India Launches New Investment Platform for Fund Managers

By Sanday Chongo Kabange | 17/11/2020

Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.

ESG / Sustainability

SEBI to Expand Risk Management Committee’s Role at Listed Entities

By Editors | 15/11/2020

The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.

Securities / Derivatives

SEBI to Require Debt Funds to Hold Liquid Assets, Stress Test

By Editors | 09/11/2020

Open-ended debt mutual fund schemes will have to hold at least 10% of their net assets in liquid assets, and mandatorily conduct stress testing.

Securities / Derivatives

SEBI Introduces ‘Flexi Cap’ Category for Mutual Funds

By Editors | 09/11/2020

The new ‘Flexi Cap Fund’ category allows fund managers to dynamically change their allocations across small, mid and large-cap stocks.

Securities / Derivatives

SEBI Doubles Overseas Investment Limit for Mutual Funds

By Editors | 09/11/2020

SEBI says mutual funds can now invest up to $600mn overseas, up from $300mn previously, subject to a $7bn overall industry limit.

Fintech / Regtech

WhatsApp Wins Approval to Launch Payments Service in India

By Editors | 08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.

RBI Allows Banks, NBFCs Added Co-lending Flexibility

By Editors | 08/11/2020

The new Co-Lending Model permits banks to co-lend with all registered NBFCs, providing greater operational flexibility to lenders and lowering borrower costs.