‘Master Directions’ include rules on NBFC accepting client deposits and standalone primary dealers.
Stock exchange market cap of $71.3bn represents 38% of GDP, a 6-year high.
Framework would align exposure norms with BCBS recommendations.
Central bank aims to encourage lenders to free up capital; avoid adding to $24.28bn in liquidity already parked with it by lenders.
SEBI has already signed 22 MoUs with other regulators; sent 44 assistance request to other jurisdictions in 2015/16.
Bank to issue USD- and INR-denominated Basel III-compliant perpetual debt.
Consultant employed to work on earlier version of rules mistakenly applied more advanced requirements.
Businesses will need to adjust to platform limits; limits also placed on individual borrowing.
Central bank has closed 15 lenders so far this year; aiming to strengthen local banks as presence of foreign institutions expands.
EU, Australia, Japan and HK deferments could be followed by US and Japan; call variation margining plans into question.