India

The RBI has announced the final tranche of the capital conservation buffer will be applicable from 31 March 2020 instead of 31 March 2019.

Banks will need to provision for IL&FS assets at the standard rate of 15% in the first year in the December quarter and will not get the six month reprieve they had asked for.

Stock brokers and depository participants will have to report information on systems based on artificial intelligence and machine learning.

According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.

India's securities regulator is looking to beef up its IT infrastructure for market surveillance and trade data analysis to improve detection of market violations.

The RBI says that current provisioning is inadequate to cover future losses from bad loans, which have been underrecognised by Indian banks.

India's securities regulator will introduce mandatory physical settlement of equity derivatives in a phased approach starting April 2019.

Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.

The committee is tasked with suggesting an adequate level of reserves for the central bank and proposing a policy for distributing dividends to the government.

SEBI is examining whether legislative changes are required for the sandbox, as it seeks to enable the use of machine learning, artificial intelligence and blockchain in capital markets.