Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.
AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.
Under the guidelines, retail users will be allowed to buy permitted credit derivatives for hedging purposes, whereas non-retail can do so for any purpose.
The committee will take stock of existing regulatory measures and their impacts and recommend other suitable measures to strengthen the sector.
Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.
SEBI says NSE failed to ensure fair and equitable access by trading members subscribing to its tick-by-tick data feed system.
Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.
The RBI has deferred implementation of the NSFR and the final tranche of the CCB, while also extending a number of other liquidity-boosting initiatives.
Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.
Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
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