11 individuals and 4 entities made unlawful gains of $900,000 from trading in stock they were recommending in TV broadcasts.
Branches of domestic banks in GIFT City can be trading members of IIBX but not for proprietary trades.
Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.
Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.
The higher cap applies to all private sector banks, including small finance banks, payment banks, and wholly-owned subsidiaries of foreign banks.
RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.
The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.
The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.
Material changes will be categorised into two groups, with different reporting timelines. New framework also proposed for dealing with securities after FPI registration expires.
Draft offer documents should be prepared in "simple language". SEBI will return noncompliant documents to issuers for correction and resubmission.
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