India

Capital / Liquidity

IMF, World Bank Issue Reports on India Financial Supervision, Market Infrastructure

By Samuel Riding | 24/01/2018

Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.

Crypto / Digital Assets

UPDATED – India Taxes Cryptocurrency Capital Gains, Banks Shut Out Exchanges 

By Manesh Samtani | 23/01/2018

Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter ‘suspicious transactions’.

Enforcement

UPDATED – PwC Gets 2-Year Ban from Auditing Listed Firms in India

By Garima Chitkara | 15/01/2018

Ban relates to accounting fraud at software exporter Satyam Computer Services, where PwC was auditor.

AML / KYC

India’s Biometric Identity Database Vulnerable to Cyber Attacks: RBI Research

By Garima Chitkara | 11/01/2018

Aadhaar throwing up issues around data security even as financial benefits of the nation-wide biometric identification system are unclear.

Securities / Derivatives

India Confirms Stock, Commodity Trading to be Allowed on Single Exchanges

By Garima Chitkara | 04/01/2018

Individual exchanges will be able to host equity, equity derivative, commodity derivative, currency derivative, interest rate future and debt instruments.

Market Infrastructure

India Overhauls Credit Rating Agency, Fund Sponsor Regulations

By Editors | 02/01/2018

Securities regulator increases net worth requirement for agencies, requires separate legal entities for ‘non-core business’.

India Public Sector Banks Vulnerable: IMF

By Editors | 26/12/2017

Greater RBI oversight and restructuring needed in addition to recapitalisation; High NPAs and problematic corporate balance sheets also pose challenges.

Capital / Liquidity

India Financial System Stable Despite Worsening Asset Quality – RBI

By Garima Chitkara | 26/12/2017

Gross NPAs and asset quality likely to worsen until September 2018 even as capital flows into equity and debt markets remain elevated.

Market Infrastructure

SEBI Seeks to Establish Clearinghouse Interoperability

By Editors | 24/12/2017

Connectivity between clearing corporations may help reduce clearing and compliance costs, boost capital allocation efficiency and enhance obligation nettings benefits.