India

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    Capital / Liquidity

    RBI Issues Directions on Treatment of Wilful Defaulters

    By Ajoy K Das | 31/07/2024

    The RBI has introduced stringent measures for wilful defaulters, including a ban on credit facilities and restructuring, based on a transparent classification process.

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    Securities / Derivatives

    SEBI Launches AI-enabled Chatbot to Address Investors’ Queries

    By Ajoy K Das | 31/07/2024

    The chatbot can currently answer questions relating to the securities market, the latest master circulars, and the grievance redressal process.

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    Securities / Derivatives

    NSE Launches Resource Dedicated to Passive Funds in India

    By Ajoy K Das | 31/07/2024

    The platform makes it easier for retail investors to access information and understand passive funds like ETFs and index funds, NSE said.

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    Crypto / Digital Assets

    India to Issue Policy Paper on Crypto ‘Before September’

    By Ajoy K Das | 30/07/2024

    The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.

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    Enforcement

    India, FBI Arrest 43 in Joint Operation Against Cybercrime Network

    By Ajoy K Das | 30/07/2024

    The cyber-enabled financial crime network operated in multiple countries and is estimated to have defrauded people of over $20mn.

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    Capital / Liquidity

    RBI Issues PCA Framework for Urban Cooperative Banks

    By Ajoy K Das | 29/07/2024

    Like commercial banks and NBFCs, UCBs will be required to take certain actions if they breach risk thresholds relating to capital, asset quality, and profitability.

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    Fintech / Regtech

    RBI Fines Visa and Two Other Payment System Operators

    By Ajoy K Das | 29/07/2024

    Visa was penalised for implementing a payment authentication solution without obtaining regulatory clearance from the RBI.

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    Securities / Derivatives

    Most Individual Investors Lose Money on Intraday Trading: SEBI Study

    By Ajoy K Das | 26/07/2024

    Over 70 percent of individual investors engaging in intraday stock trading experienced losses during 2022-23, SEBI found in a new study.

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    Capital / Liquidity

    RBI Issues Draft Revisions to Liquidity Rules for Banks

    By Ajoy K Das | 26/07/2024

    Banks will have to assign an additional run-off factor for retail deposits enabled with internet and mobile banking facilities.

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    AML / KYC

    RBI Revises Framework for Domestic Money Transfer Services

    By Ajoy K Das | 25/07/2024

    The revisions tighten KYC record keeping, AFA validation and transaction message requirements for domestic money transfers.

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