India

Crypto / Digital Assets

RBI Unveils Draft Framework for Regulatory Sandbox

By Editors | 19/04/2019

The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.

Enforcement

Deloitte Indian Unit Under Investigation in IL&FS Case

By Editors | 16/04/2019

A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.

Fintech / Regtech

India to Strengthen Digital Payments with Blockchain

By Editors | 15/04/2019

The National Payments Corporation of India is soliciting interested partners to build a blockchain-powered digital payments platform for the country.

Fintech / Regtech

India Brokers Asked to Report on AI, ML Systems by 15 Apr

By Editors | 13/04/2019

In line with  January circular from SEBI, BSE India has asked stock brokers to submit their cybersecurity compliance reports for the Jan-Mar quarter.

Market Infrastructure

SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth

By Editors | 12/04/2019

New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.

Market Infrastructure

RBI to Unify Complaints Handling for Digital Payments

By Editors | 10/04/2019

The RBI plans to speed up customer complaint processing and redressal times across all domestic payment platforms by end-June.

Capital / Liquidity

RBI Defers Mandatory Pegging of Loan Rates to External Benchmarks

By Editors | 08/04/2019

The RBI has deferred a requirement for banks to link loan rates to external benchmarks, citing difficulties the change presents to banks’ interest rate risk management.

Securities / Derivatives

RBI to Allow Non-Residents to Trade Interest Rate Derivatives

By Editors | 07/04/2019

Under draft rules, non-resident retail investors can hedge through interest rate derivatives; non-retail investors can participate for other specified purposes.

Capital / Liquidity

RBI to Draw Up New Guidance on Bad Debt Resolution

By Editors | 05/04/2019

The central bank will have to issue a revised circular for banks on bad debt resolution after a February 2018 circular was invalidated by the Supreme Court this week.