Enabling the UPI for retail investors subscribing to public share issues through intermediaries will cut IPOs listing times from six to three days, according to local media reports.
The MoU was signed in June to establish an India-Singapore joint working group aimed at strengthening fintech cooperation.
Chinese banks have the lowest ratio of problems loans among BRICS nations, whereas Indian banks suffer from weak asset quality and profitability.
The RBI has increased the carve out for government securities used in LCR computations against statutory liquidity ratios, and increased the lending ceiling to a single NBFC.
E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.
Foreign CCPs need to adhere to the same governance and capital requirements as domestic CCPs to apply for authorisation from the RBI.
NSE is the second stock exchange in India to offer commodity trading; licensing agreement will see the exchange use LSE prices for settling various commodity futures contracts.
Trading limits will be based on foreign investors' actual exposure to India’s commodity markets, which needs to be verified and monitored by brokers and exchanges.
Under the 'Voluntary Retention Route', FPIs will be exempt from current caps and concentration limits provided they voluntarily commit to long-term investment in Indian debt.
New 'Global Access' platform enables access to cash and derivatives markets on international exchanges; connectivity with CME Group exchanges already established.