India

Fintech / Regtech

SEBI Announces Launch of Verified UP IDs to Curb Fraud

By Nithya Subramanian | 13/06/2025

All registered market intermediaries will have to adopt new UPI handles. Investors will have a new verification tool to verify the legitimacy of UPI IDs.

Capital / Liquidity

RBI Expands Large Exposure Exemptions to Boost PSL Compliance

By Nithya Subramanian | 12/06/2025

Banks can exclude contributions to NABARD, NHB, SIDBI, and MUDRA from large exposure limits when made to meet Priority Sector Lending targets

Enforcement

SEBI Issues Recovery Notices to OPG Securities in NSE Co-Location Case

By Nithya Subramanian | 12/06/2025

SEBI fined OPG Securities for repeatedly accessing NSE’s secondary POP server without authorisation.

Capital / Liquidity

RBI Lifts Restrictions on Banks Using Brickwork Ratings

By Nithya Subramanian | 11/06/2025

The decision lifts restrictions imposed in July 2024 that only allowed banks to use Brickwork Ratings for loans of up to INR 2.5 billion.

Fintech / Regtech

NPCI Issues New API Usage Guidelines for UPI System

By Nithya Subramanian | 11/06/2025

From 1 August, the NPCI will roll out new API usage rules for banks and payment apps to improve system stability, efficiency and security.

Market Infrastructure

GIFT City Regulator Proposes Refinements to Global Access Framework

By Nithya Subramanian | 11/06/2025

Revised proposals introduce clearer participant classification, lower net worth thresholds and tighter client protection norms.

Capital / Liquidity

RBI Discontinues Daily VRR Auctions as Bank Liquidity Improves

By Editors | 10/06/2025

The central bank is ending daily liquidity injections via VRR auctions in response to data showing that banking system liquidity is now in surplus.

Market Infrastructure

SEBI Issues Two Warning Letters to NSDL for Compliance Lapses

By Nithya Subramanian | 10/06/2025

The first letter concerns securities failing to appear in some investors’ demat accounts on the day of IPO allotments. The second concerns cyber alert monitoring.

AML / KYC

IFSCA Updates AML/CFT and KYC Guidelines for Regulated Entities

By Nithya Subramanian | 10/06/2025

GIFT City regulated entities must retrieve identifiers from the Central KYC Records Registry instead of requesting duplicate documents from customers.