T+1 settlement will now be introduced in a phased manner, starting with the smallest stocks on 25 February, and ending with the biggest stocks around January 2023.
Central agencies including the RBI have been tasked with evaluating sectors that are vulnerable to ML/TF risks. India's mutual evaluation is expected to take place around May 2022.
The profitability parameter has been removed in the revised PCA framework, which will also apply foreign banks operating in India through branches or subsidiaries.
The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.
Finance ministry officials have reportedly said that a law for cryptocurrencies could as soon as February 2022, around the time of India's next general Budget.
The new office will house a data centre referred to as GIFT Data Connect. The NSE-SGX GIFT City Connect is expected to be fully-operational by January 2022.
ESG-labelled funds will have to invest at least 80% of total assets in ESG themed securities, and disclose measures taken to mitigate greenwashing risks and reliance on third party scores.
The RBI said it has observed "a low level of relationship segment details" in the databases of credit information companies.
EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.
To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.
Loading more posts...
Sorry, no more posts
No more pages to load