India

New rules will require a minimum 40% fixed term loan component of working capital financing facilities by 1 October and 60% by 1 April 2019, to reduce cash credit borrowings which often entail loose repayment schedules, perpetual roll-overs.

Due to capital deficiencies, the Hong Kong branches of Allahabad Bank, Punjab National Bank and Indian Overseas Bank must hold HQLA equivalent to 100% of unpledged deposits and should not solicit customer deposits, among other measures.

BSE's India INX and NSE IFSC have launched the segregated nominee account structure, allowing foreign investors to avoid direct FPI registration and instead trade Indian equities through established intermediaries.

Securities regulator considering allowing Indian firms to directly list equity abroad and foreign firms to list in India.

Tri-party repo will facilitate greater secondary market liquidity in the India's corporate bond market; platform will initially allow basket repos with maturities between one and seven days.

RBI has allowed banks to spread bond trading losses incurred in the April-June quarter over four quarters, but changes rules on valuation of state government debt.

SEBI alleged that a list of 37 companies that were under the regulator’s Additional Surveillance Measure was leaked before the public announcement was made by the BSE.

India’s markets regulators has slashed total expenses by 15 basis points to encourage more retail investors to buy mutual funds; also requiring increased disclosures on fund expenses.

Joint working group to foster closer fintech cooperation, including through real-time cross border fund transfers and links between payment system operators.

Organisation representing bank employees filed a writ against RBI February circular on provisioning norms which has resulted in heavy losses at public sector banks