India

    Securities / Derivatives

    SEBI Allows Mutual Funds to Segregate Distressed Assets in Portfolios

    By Editors | 13/12/2018

    At its latest board meeting, SEBI approved a plan to allow mutual funds to create segregated portfolios for assets experiencing credit events, among a number of other proposals.

    Enforcement

    RBI Fines Indian Bank for Violating Cybersecurity Norms

    By Editors | 12/12/2018

    The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.

    Market Infrastructure

    RBI Governor Resigns Before Term-End, Citing ‘Personal Reasons’

    By Garima Chitkara | 11/12/2018

    Urjit Patel has resigned from his post as governor of the RBI, citing personal reasons, soon after a public dispute erupted between the central bank and the government.

    Market Infrastructure

    SEBI Issues Cybersecurity Framework for Market Infrastructures

    By Editors | 11/12/2018

    Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.

    Capital / Liquidity

    RBI to Reduce Statutory Liquidity Ratio Over 18 Months

    By Editors | 06/12/2018

    Starting in January 2019, the RBI will reduce the SLR holding requirement by 25 basis points every quarter until it reaches 18% in April 2020.

    Market Infrastructure

    SEBI Consults on Proposals to Allow Indian Firms to List Overseas

    By Editors | 05/12/2018

    An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.

    Market Infrastructure

    SEBI Issues Cybersecurity Framework for Brokers, Depository Participants

    By Manesh Samtani | 04/12/2018

    Stockbrokers and depository participants will have to formulate a comprehensive cyber security and cyber resilience policy document in accordance with the guidelines by April 2019.

    Securities / Derivatives

    RBI Announces Phasing-In of LEI for Non-Derivatives Markets

    By Editors | 30/11/2018

    Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.

    Capital / Liquidity

    India Eases Asset Securitisation Norms to Help Non-Bank Liquidity

    By Editors | 30/11/2018

    The RBI has reduced the holding time required for loans with maturities of over 5 years before they can be securitised.

    Capital / Liquidity

    India to Implement NSFR from April 2020

    By Editors | 30/11/2018

    The Net Stable Funding Ratio will apply to Indian banks on both a stand-alone and consolidated basis, and foreign banks on a stand-alone basis.

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