India

India’s mortgage regulator is proposing to increase capital adequacy requirements for housing finance companies from 12% to 15% by March 2022.

The penalties follow directions issued by the RBI in February 2018 requiring banks to link their core banking systems with the SWIFT network.

Fees SEBI charges to brokers, stock exchanges and companies seeking to list will be reduced, among other changes aimed at spurring capital market activity.

While the RBI introduces a new scheme to encourage FPI participation in India's debt markets, SEBI has tweaked valuation norms make debt funds more secure for investors.

The entry of funds into commodity derivatives is expected hasten the development of and attract long-term liquidity to India’s commodities markets.

A lobby group for startups in India is urging the government to change the criteria for shares with differential voting rights to allow founders and promoters to better safeguard their ownership control.

The proposals include a minimum 50% variable component, a compulsory deferral mechanism, and clawback provisions to ensure compensation reflects performance.

Following months of intense lobbying by e-wallet providers, the RBI has extended the deadline for completion of KYC processes by six months.

The central bank has changed its risk weighting norms for bank exposures to NBFCs, making it more costly to lend to those that are rated poorly.

Allahabad Bank and Corporation Bank have been released from PCA restrictions following the government's capital infusion last week; Dhanlaxmi Bank was found not in breach of any PCA risk thresholds.