India

Capital / Liquidity

Indian Court Questions Cash Withdraw Limits

By Samuel Riding | 07/12/2016

Gujurat High Court suggests central bank also not empowered to conduct ‘demonetisation’.

Market Infrastructure

India Could Allow MF Investment via Digital Wallets

By Samuel Riding | 06/12/2016

Digitisation aims to encourage more investors and reduce scheme costs.

Market Infrastructure

India Revamps Co-Location Facility Rules

By Samuel Riding | 02/12/2016

New rules require one exchange to “allow connectivity” to co-location servers at another.

Market Infrastructure

India Working on Fund Passport Scheme

By Samuel Riding | 30/11/2016

Indian investors currently only allowed to participate in overseas funds via feeder structures.

Market Infrastructure

SEBI Issues GIFT City Guidelines

By Samuel Riding | 30/11/2016

Exchanges can choose to allow trading in a product for up to 23.5 hours/day.

Capital / Liquidity

RBI Moves to Mop up Liquidity after Currency Callback

By Samuel Riding | 28/11/2016

Banks required to hold incremental cash reserve ratio of 100%.

AML / KYC

PBOC Said to Ban Dual-Network Payment Cards

By Samuel Riding | 22/11/2016

Central bank also said to restrict transactions by foreign bankcard networks without domestic clearing licenses.

AML / KYC

India Uncovers $2.34bn of Illegal Broker Transactions

By Samuel Riding | 22/11/2016

Tax office says brokerage ‘never bothered to verify KYC norms’.

Market Infrastructure

SEBI Said to Allow Overseas Investment for ‘Angel Funds’

By Samuel Riding | 22/11/2016

Proposal rumoured to be issued this week will also cut minimum investment requirement.