India

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.

The government has appointed a new board to revive the systemically-important infrastructure financier IL&FS and committed to ensuring liquidity to prevent further defaults.

Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder's stake to under 20 percent as required by RBI licensing guidelines.

The BSE has become the first stock exchange in India to offer commodity trading as it launches futures contracts in gold and silver.

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

The central bank has increased the amount of government securities banks can put towards meeting LCR requirements.

RBI, SEBI and the Indian government assured markets they will step in to fill any NBFC liquidity gaps after a recent default by an infrastructure financing firm.

The latest circular allows Indians living overseas to hold only a non-controlling stake in an FPI entity, but permits them to fully control the investment manager in charge of its assets.

SEBI should mandate settlement of HNI trades through custodians to de-risk and expand India's capital markets, says Viraj Kulkarni at PIVOT Management Consulting.