Promoters will be able to increase their long-run stakes in private sector banks from 15 to 26 percent. The capital requirement for a universal bank licence will be doubled.
The framework will provide a mechanism for foreign creditors to obtain recognition of overseas proceedings in local courts.
Malkapur Urban Bank will continue to have the business and operational restrictions in place until its financial position improves.
Silver ETFs will have to allocate at least 95 percent of assets to silver and silver-related exchange-traded commodity derivatives.
PMC Bank will be merged into Unity Small Finance Bank, which was set up on 1 November by financial services conglomerate Centrum Group and fintech firm Bharatpe.
Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.
New rules that require investors to have 50 percent of their margins in cash to trade in futures and options have been deferred to 28 February.
Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.
The IFSCA also received approval for a new headquarters building. GIFT City's new gold bullion exchange is expected to launch in January.
The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.
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