The Reserve Bank of India announces a new scheme to help banks deal with their mountains of bad debt.
The merger proposed in the 2015-2016 Union Budget is expected to be completed by September.
The Reserve Bank of India has improved remuneration for non-executive directors of private sector banks.
Governor Raghuram Rajan said there was no reason for the RBI to manage public debt and he would be happy if the public debt management function goes to the government.
India’s capital markets regulator has named Infosys founder N.R. Narayana Murthy to head an 18-member panel that will prepare a new regulatory framework for startups and alternative investments.
To allow for easier fund-raising and investor exits, India’s capital market regulator plans to exempt start-ups that plan to sell shares to the public through the proposed alternative capital-raising platform from the mandatory promoters’ holding lock-in period.
India is setting up a panel that will suggest ways to resolve disputes arising from the country’s imposition of the minimum alternate tax (MAT), a levy imposed on years-old capital gains of foreign companies.
The Securities and Exchange Board of India plans to introduce changes in the rules on alternative investment funds (AIFs).
India is in a unique position to ensure a more nimble and transparent financial regulatory architecture.
A plan to merge India’s capital market watchdog with the country’s commodity market regulator could put the listing of local exchanges such as the Bombay Stock Exchange on hold for at least six months.
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