India

Capital / Liquidity

Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

By Garima Chitkara | 26/04/2018

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

AML / KYC

RBI Updates KYC Guidance to Include Aadhar, Taxpayer Numbers

By Editors | 25/04/2018

Accounts opened without new documentary requirements will have severe restrictions in place including a INR50,000 maximum balance and monitoring to prevent foreign transactions.

Capital / Liquidity

RBI Urges Lenders to Monitor Borrowers for Early Signs of Stress

By Editors | 24/04/2018

Central bank deputy governor says banks see non-payment as “on par” despite loan resolution framework; poor credit culture must change.

Market Infrastructure

SEBI Releases New Guidelines for RTAs, Corporate issuers

By Garima Chitkara | 23/04/2018

New guidelines strengthen risk management, documentation and communication norms for RTAs (registrar and share transfer agents).

Securities / Derivatives

SEBI to Reduce Debt Issuance Timeline to Six Days

By Garima Chitkara | 23/04/2018

SEBI looking to bring down time to issue debt securities from 12 to six days by mandating the online mechanism for blocking application funds for subscription of debt securities.

Capital / Liquidity

India Sets Floor for Foreign Investment into Unregulated Financial Entities

By Garima Chitkara | 19/04/2018

Minimum foreign investment into fund-based services by unregulated entities to be set at $20 million; $2 million for non-fund based services.

Securities / Derivatives

SEBI Requires Physical Settlement of Equity Derivatives

By Garima Chitkara | 19/04/2018

Regulator issues enhanced eligibility criteria for equities to enter the derivatives segment, physical settlement for derivatives not meeting criteria.

Securities / Derivatives

India Raises FPI Investment Limits for Govt, Corporate Debt

By Editors | 17/04/2018

Investment limits raised almost 10% effective 12 April, with additional increases set for October.

Capital / Liquidity

Indian Banks Face “Serious Governance and Risk Issues” – S&P

By Garima Chitkara | 16/04/2018

In light of recent NPA and governance issues at large private banks in India, S&P says Indian banks need an overhaul to enhance risk culture and governance.