India

    Securities / Derivatives

    India Standardises Stamp Duty on Securities Transactions Nationwide

    By Editors | 02/07/2020

    India has revised its framework for levying the stamp duty on securities transactions, in a bid to ensure uniformity across the country.

    Capital / Liquidity

    India Approves Special Liquidity Scheme for NBFCs

    By Editors | 01/07/2020

    An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.

    India Bans Chinese Apps, Citing Data Privacy Issues

    By Editors | 30/06/2020

    India has banned 59 of China’s biggest mobile phone apps including TikTok and WeChat, saying they breach data privacy requirements and threaten the country’s security.

    Capital / Liquidity

    India Brings Cooperative Banks Under RBI Oversight

    By Editors | 29/06/2020

    Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.

    Securities / Derivatives

    SEBI Allows Exchanges to Penalise Excessive Algo Orders

    By Editors | 29/06/2020

    On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.

    Securities / Derivatives

    SEBI Issues Operational Framework for Trading Distressed Debt

    By Editors | 28/06/2020

    From 1 July, the new operational framework will lift restrictions that have to date prevented trading in debt securities that have defaulted on redemption.

    Securities / Derivatives

    SEBI Eases Fundraising Rules for Stressed Listed Companies

    By Editors | 27/06/2020

    SEBI has relaxed pricing rules for preferential issues to make it easier for listed companies to raise new funds. Similar relaxations for stressed companies were also announced.

    Fintech / Regtech

    RBI Issues Guidelines on Use of Digital Lending Platforms

    By Editors | 26/06/2020

    Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.

    Securities / Derivatives

    BSE India Launches World’s First Almond Futures

    By Editors | 24/06/2020

    The new contract will enable transparent price discovery, ease trade for buyers and sellers, and allow producers and importers to hedge price risk.

    AML / KYC

    India to Restrict Foreign Ownership of Pension Funds

    By Editors | 23/06/2020

    Under draft rules, government approval will be required for investment in an Indian pension fund from land-border countries including China; a 49% cap is proposed for other foreign investors.

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