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.
The agreement seeks to create a dual listing mechanism for masala and foreign-currency bonds issued by Indian companies.
Foreign investors with direct exposure to commodities can trade commodity derivatives in India. BSE and NSE to start offering commodity derivatives from 1 October.
The new caps link total expense ratios to assets under management, in a bid to pass on the benefits of scale to investors and improve transparency in the industry.
India has begun the process to merge Dena Bank, Vijaya Bank and Bank of Baroda in a bid to support their weak balance sheets and consolidate the state-run banking sector.
SEBI may be going back on new rules restricting non-resident Indians and persons of Indian origin from investing in India via the FPI route.
Apple shares concerns over data localisation with Mastercard, Visa, Amazon, WhatsApp and PayPal, but Google will be ready to comply by December.
Union Bank of India, Bank of India and Bank of Maharashtra are each fined 10 million rupees.
SEBI says fund industry’s claims that new rules barring non-resident Indians from investing via the FPI route will lead to $75bn in outflows is “preposterous", but has agreed to review the norms and provide recommendations.
On 1 September, India’s postal services launched a payments bank to offer basic banking and remittance services, starting from 650 post offices with an aim to expanding to its network of 155,000 post offices by 31 December.
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