India

Minimum capital requirement for settlement guarantee fund has been fixed at INR100mn, as opposed to being determined through daily stress tests.

India's central bank is looking to create a repository of all non-cash financial transactions to widen the government's crackdown on money laundering or shell company activities.

India’s securities regulator has issued a notice to NSE for allegedly misuse of its co-location facility by some brokers seeking early access to the exchange’s algo-trading system.

Limit for alternative investment funds and venture capital funds for investments outside of India raised to $750m from $500m.

RBI ban on financial institutions providing services to companies and individuals dealing in cryptocurrencies was upheld by the Supreme Court on Tuesday; next hearing scheduled for 20 July.

The National Stock Exchange will replace its current post trade platform for all asset classes with Nasdaq’s real-time clearing, risk management and settlement technology, among other cooperative agreements.

Clearing arm of BSE's India INX at GIFT City will accept AAA-rated international sovereign securities with maturities over 5 years as collateral from clearing members and custodians, starting with US treasuries.

India’s insurance regulator has approved the acquisition of a 51% stake in IDBI Bank by Life Insurance Corp, in a deal worth $1.9bn; The bank had more than a quarter of its loan book marked as non-performing at March 2018.

RBI has introduced a framework to define lapses in bank auditor conduct and reporting as well as enforcement action to be taken as a result of such lapses.

Stress tests indicate NPA ratios at Indian banks to fall to lowest level since year 2000; Public sector banks to be hit the hardest, with six expected to experience capital shortfall.