The Securities and Exchange Board of India has asked fund managers to explain their rationale for corporate bond investments and closely monitor recently-downgraded companies they hold.
Government’s decision to waive the controversial minimum alternate tax on capital gains made by foreign investors retrospectively welcomed by cross-section of industry.
The Bombay Stock Exchange has launched a roll-over facility for securities lending and borrowing in a bid to increase participation in the currently very shallow SLB market.
The Securities and Exchange Board of India will soon have to put in place a framework for the listing of stock exchanges.
The Reserve Bank of India (RBI) has issued for consultation draft guidelines for banks to adopt the marginal cost of funds methodology for base rate calculations.
The Securities and Exchange Board is seeking public comment on recommendations to maintain separate clearing corporations for each exchange, rather than introduce a single clearing corporation.
The Reserve Bank of India has designated the State Bank of India and ICICI Bank as Domestic Systemically Important Banks.
The Reserve Bank of India has approved eleven non-financial corporations to become payments banks, a new classification of financial institution that can offer basic banking and payment services.
RBI Deputy Governor SS Mundra is calling for tighter regulatory frameworks around peer-to-peer (P2P) lending, internet-only banks, crowd funding platforms and cryptocurrency.
Domestic tax rules changed to account for US legislation; minimum alternate tax exemption backdated to 2001.
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