Reserve Bank of India

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    AML / KYC

    GLEIF Opens Mumbai Office to Support LEI Adoption in India

    By Editors | 25/10/2024

    The new office will help GLEIF build closer engagement with the market to ease and support LEI adoption, while also spreading awareness of the vLEI.

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    Market Infrastructure

    RBI Expands Access to Electronic Trading Platform for G-Secs

    By Mark Johnston | 24/10/2024

    Access to NDS-OM will expand to regional rural banks, local area banks, NBFCs, provident funds, pension funds, and regulated MIIs.

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    Enforcement

    RBI Halts Loan Activities of Four NBFCs Over Compliance Issues

    By Nithya Subramanian | 23/10/2024

    The RBI ordered four NBFCs to stop disbursing new loans due to excessively high rates which are non-compliant with regulatory guidelines.

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    Capital / Liquidity

    Kotak Mahindra to Acquire StanChart’s Retail Loan Book

    By Nithya Subramanian | 18/10/2024

    The acquisition is expected to be completed in 3 months, allowing StanChart to focus on the wealth and SME segments as well as investment banking.

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    Fintech / Regtech

    India to Develop Payments System for Trinidad and Tobago

    By Nithya Subramanian | 28/09/2024

    The partnership aims to help Trinidad and Tobago develop a UPI-based real-time payments platform for P2P and P2M transactions.

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    Capital / Liquidity

    French and German Banks Calling on RBI to Adjust Trading Rules

    By Manesh Samtani | 19/09/2024

    The existing rules would not be able to accommodate a third-party trading model proposed as a temporary solution to address ESMA’s derecognition of Indian CCPs.

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    Fintech / Regtech

    India Launches Integrated Platform for GIFT City Regulatory Approvals

    By Ajoy K Das | 19/09/2024

    The digital platform allows firms to submit applications, obtain approvals, and fulfil related requirements without having to navigate multiple regulators.

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    India to Require Pre-Approval for Mergers Involving Foreign Firms

    By Ajoy K Das | 10/09/2024

    The RBI’s approval will be required for merger and amalgamation deals involving foreign companies starting 17 September.

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    Securities / Derivatives

    StanChart Completes First Gold Price Hedge Deal in India’s GIFT City

    By Ajoy K Das | 05/09/2024

    Standard Chartered Bank completed an OTC derivatives deal in GIFT City worth $4mn for hedging gold prices.

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    Securities / Derivatives

    India IFSCA Issues New Listing Regulations for GIFT City

    By Ajoy K Das | 04/09/2024

    The regulations specify requirements for Indian and foreign companies seeking to list debt and equity securities (including SPACs) in GIFT City.

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