The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.
The Securities and Exchange Board of India said it plans to ask listed cash-rich companies to pay shareholder dividends, and adopt the practice as part of company policy.
The Securities and Exchange Board of India is revising the rules for offshore derivative instruments (ODIs) to bring them in line with the country’s foreign portfolio investment norms.
The Securities and Exchange Board of India has withdrawn the recognition granted to the Delhi Stock Exchange (DSE) in the wake of “serious irregularities” in the functioning of the bourse.
India’s market regulator has approved tougher insider trading rules to promote transparency in the country’s stock market.
India's securities regulator said stock brokers that are not with banks can take proprietary positions in currency derivatives as long as they do not exceed 15% of total open interest or not over $50 million.
The government is considering a proposal to merge the Forward Markets Commission (FMC) with capital market regulator Securities and Exchange Board of India (SEBI) to improve the oversight of the commodity futures market.
Indian banks will need more than $200 billion to meet Basel III international banking norms by March 2019, said Fitch Ratings.
The Securities and Exchange Board of India is preparing the ground for the launch of municipal bonds, a popular debt instrument issued by local governments globally.
Foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks with the aim to protect the British economy from a global crises.
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