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Fintech / Regtech
RBI Issues Guidelines Enabling Interoperability Between Payment Systems
By Manesh Samtani | 17/10/2018
E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.
Capital / Liquidity
RBI Releases Governance, Capital Criteria for CCPs
By Garima Chitkara | 16/10/2018
Foreign CCPs need to adhere to the same governance and capital requirements as domestic CCPs to apply for authorisation from the RBI.
Securities / Derivatives
India Proposes New Route for Foreign Investors in Debt Markets
By Garima Chitkara | 08/10/2018
Under the ‘Voluntary Retention Route’, FPIs will be exempt from current caps and concentration limits provided they voluntarily commit to long-term investment in Indian debt.
Enforcement
RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay
By Editors | 02/10/2018
Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.
Enforcement
RBI Consults On Market Abuse Prevention Rules
By Garima Chitkara | 01/10/2018
The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.
Capital / Liquidity
RBI Tweaks Norms to Ease Bank Liquidity Crunch
By Editors | 28/09/2018
The central bank has increased the amount of government securities banks can put towards meeting LCR requirements.
Capital / Liquidity
India’s Regulators Attempt to Calm Credit Market Jitters
By Garima Chitkara | 26/09/2018
RBI, SEBI and the Indian government assured markets they will step in to fill any NBFC liquidity gaps after a recent default by an infrastructure financing firm.
Market Infrastructure
Expanding the Custodian’s Role in Settlement for India’s HNIs
By Viraj Kulkarni | 25/09/2018
SEBI should mandate settlement of HNI trades through custodians to de-risk and expand India’s capital markets, says Viraj Kulkarni at PIVOT Management Consulting.
Capital / Liquidity
India to Merge Three State Banks to Consolidate Weak Balance Sheets
By Garima Chitkara | 19/09/2018
India has begun the process to merge Dena Bank, Vijaya Bank and Bank of Baroda in a bid to support their weak balance sheets and consolidate the state-run banking sector.
Market Infrastructure
Apple Shelves India Payments Expansion, Google to Move Ahead
By Manesh Samtani | 11/09/2018
Apple shares concerns over data localisation with Mastercard, Visa, Amazon, WhatsApp and PayPal, but Google will be ready to comply by December.
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