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RBI Lifts Branch Opening Restrictions for Bandhan Bank
By Editors | 28/02/2020
The ban was imposed in September 2018 for the bank’s failure to reduce its promoter’s ownership below a 40% ceiling within three years of its commencement.
Capital / Liquidity
RBI Extends External Benchmarking to Medium Enterprise Loans
By Editors | 27/02/2020
From 1 April, loans to medium enterprises must be linked to external interest rate benchmarks, expanding on a policy that took effect in October for retail and micro/small enterprise loans.
Securities / Derivatives
SEBI Forms Municipal Bonds Development Committee
By Editors | 18/02/2020
The committee will advise on regulation to develop the primary and secondary markets for municipal bonds.
Fintech / Regtech
SEBI Approves Live Sandbox Testing for Regulated Entities
By Editors | 18/02/2020
SEBI-registered entities can test new products, services and business models on a limited set of customers, for a specified period of time, with certain regulatory relaxations.
Market Infrastructure
RBI Proposes Authorisation of New Retail Payment Systems
By Editors | 12/02/2020
The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.
Capital / Liquidity
India to Introduce Netting Legislation, Margin Rules for Derivatives
By Manesh Samtani | 11/02/2020
Prompted by a Budget proposal to introduce netting legislation “soon”, the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.
Capital / Liquidity
RBI Expands One-Time Restructuring Scheme for MSME Loans
By Editors | 11/02/2020
The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.
Capital / Liquidity
Cabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight
By Editors | 07/02/2020
Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.
Capital / Liquidity
India Raises Deposit Insurance Cover Five Fold
By Editors | 05/02/2020
Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.
Securities / Derivatives
SEBI Sets Position Limits for Gift City Rupee Derivatives
By Editors | 04/02/2020
Brokers, institutional investors and eligible foreign investors can hold gross open positions in rupee futures and options contracts up to $1bn or 15% of total open interest, whichever is higher.
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