The increase brings the requirements for pension fund managers in line with those for managers of mutual funds regulated by SEBI.
The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.
The IBA has written to companies asking them to assess the impacts that the LIBOR phase-out will have on their businesses, and to prepare accordingly.
Prompted by a Budget proposal to introduce netting legislation "soon", the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.
The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.
Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.
SEBI has set out minimum disclosure standards and introduced mandatory performance benchmarking for alternative investment funds.
The new 'Common Application Form' can be used for three purposes - FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.
Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.
Performance reviews of commodity derivatives contracts should be conducted each year to ensure alignment with the physical markets.
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