Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications
Operators of platforms offering execution-only services in direct plans offered by mutual funds would have to register with SEBI, AMFI or stock exchanges.
SEBI proposes in a new consultation paper that online bond trading platforms should register as stock brokers or be run by SEBI-registered brokers.
Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.
The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.
A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.
Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.
India's attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.
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