Banks required to hold incremental cash reserve ratio of 100%.
Central bank also said to restrict transactions by foreign bankcard networks without domestic clearing licenses.
Tax office says brokerage ‘never bothered to verify KYC norms’.
Proposal rumoured to be issued this week will also cut minimum investment requirement.
Central bank says introduction faces ‘various regulatory and supervisory challenges’.
Consolidated regulation aims to avoid conflicts of interest, abuse of power.
Proposals would require promoters to get board, shareholder approval before entering agreements.
Funds have until end of March to comply with SEBI requirement.
Traders suggest SEBI should consider specific capital requirements for each exchange.
Current series of ₹1,000 and ₹500 notes cancelled overnight; ₹2,000 to be introduced.