India

Securities / Derivatives

SEBI to Force Large Corporates to Borrow through Bonds Market

By Manesh Samtani | 24/07/2018

New framework proposes that large corporates raise 25% of their borrowings through bonds, as regulators seek to decrease a reliance on bank financing and deepen India’s bond markets.

Capital / Liquidity

Five Indian State-Run Banks to Receive Additional Capital Infusion

By Garima Chitkara | 19/07/2018

Indian government will infuse $1.6bn in additional capital into five state-run banks that have been struggling to meet capital adequacy ratios due to higher than expected losses from bad loans.

Market Infrastructure

SEBI Proposes New Rules for Auditors, Other Fiduciaries

By Manesh Samtani | 19/07/2018

Under the new proposals, fiduciaries providing false information in audit or valuation reports will face stringent penalties, including bans from securities markets and forced repayment of any gains deemed unlawful.

Securities / Derivatives

SEBI Blocks Cash Payments To Stock Brokers

By Garima Chitkara | 16/07/2018

Stock brokers are no longer allowed cash payments either directly or deposited into their bank accounts, as India aims to promote digital payments and a cashless economy.

Market Infrastructure

India Proposes to Relax Payments Data Onshoring Rules

By Emma Zhou | 16/07/2018

New proposal would allow international payments firms to store data offshore while only maintaining a copy in India, following lobbying effort by MasterCard, Visa and American Express.

Market Infrastructure

SEBI Amends Stress Testing Methodology for Commodity Derivatives

By Garima Chitkara | 12/07/2018

Minimum capital requirement for settlement guarantee fund has been fixed at INR100mn, as opposed to being determined through daily stress tests.

AML / KYC

India Mulls Tracking for All Non-Cash Financial Transactions

By Garima Chitkara | 12/07/2018

India’s central bank is looking to create a repository of all non-cash financial transactions to widen the government’s crackdown on money laundering or shell company activities.

Securities / Derivatives

India’s NSE Accused Of Fraud In Algo-Trading Case

By Garima Chitkara | 09/07/2018

India’s securities regulator has issued a notice to NSE for allegedly misuse of its co-location facility by some brokers seeking early access to the exchange’s algo-trading system.

Securities / Derivatives

SEBI Raises Outbound Investment Limit For Some Investment Funds

By Garima Chitkara | 05/07/2018

Limit for alternative investment funds and venture capital funds for investments outside of India raised to $750m from $500m.