India

SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.

Digital wallet providers and card networks will be able to directly connect to the RTGS and NEFT systems.

While the RBI has often purchased government securities, this is the first time it has committed to an amount upfront.

ByteDance is required to deposit around $10.6mn in a state-run bank, the amount tax authorities claim the company owes.

The RBI has asked the payments provider Mobikwik to carry out an immediate forensic audit following allegations of a data breach.

The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.

Companies are required to disclose their cryptocurrency dealings as well as profits and losses on these transactions in their financial statements.

Under revised regulations, the deemed residual maturity of perpetual or AT1 bonds would remain 10 years until 31 March 2022.

The new guidelines follow last month's trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.