India

Market Infrastructure

SEBI to Upgrade Market Surveillance System and Data Warehouse

By Editors | 04/01/2019

India’s securities regulator is looking to beef up its IT infrastructure for market surveillance and trade data analysis to improve detection of market violations.

Capital / Liquidity

Easing Bank Capital Requirements Would Hurt Economy – RBI

By Editors | 03/01/2019

The RBI says that current provisioning is inadequate to cover future losses from bad loans, which have been underrecognised by Indian banks.

Securities / Derivatives

SEBI to Phase-In Physical Settlement of Equity Derivatives

By Editors | 02/01/2019

India’s securities regulator will introduce mandatory physical settlement of equity derivatives in a phased approach starting April 2019.

Capital / Liquidity

UPDATED – RBI Allows Lenders One-Time Restructuring of MSME Loans

By Editors | 01/01/2019

Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.

Capital / Liquidity

RBI ‘Expert Committee’ to Determine Best Use of Central Bank Reserves

By Editors | 30/12/2018

The committee is tasked with suggesting an adequate level of reserves for the central bank and proposing a policy for distributing dividends to the government.

Crypto / Digital Assets

India Eyes Introduction of Sandbox Policy to Boost Capital Markets Innovation

By Editors | 24/12/2018

SEBI is examining whether legislative changes are required for the sandbox, as it seeks to enable the use of machine learning, artificial intelligence and blockchain in capital markets.

Capital / Liquidity

India Seeks Parliamentary Approval to Infuse More Capital into Banks

By Editors | 21/12/2018

The government plans to pump $11.8 billion into public sector banks to raise them out of the RBI’s PCA framework and increase the banking system’s lending capacity.

Securities / Derivatives

SEBI Amends Risk Management Framework for Equity Derivatives

By Editors | 19/12/2018

Initial margins must be collected before the next trading day (T+0), but CCPs may allow 2 days after the last margin collection before close-out of equity derivative positions.

Big Picture

Indian Government Could Undermine Banking Sector Reforms – S&P

By Editors | 18/12/2018

Restrictions on the RBI’s authority to reform governance of public sector banks are seen as a weakness in its mandate and could undermine financial stability, says S&P Global Ratings.