Regional commodity exchanges have two years to demutualise, will be brought under securities contract regulation by 2018.
Indian central bank conducted investigation into books of accounts between March and April 2015.
Investors seeking stakes of more than 5 percent in private lenders will require central bank approval.
BSE addresses HFT concerns by ensuring all market participants have equal market access.
Indian regulators’ forward thinking on market participation and products benefits investors and infrastructure providers alike.
Regulators also propose to extend exchange hours beyond 5pm to allow domestic markets to benefit during peak global trading.
Investments of less than USD3,000 will not require in-person verification.
RBI sanction comes after warning notice and arrest of former Dhanlaxmi officials.
India’s capital markets regulator will approve no new funds until existing similar schemes are merged.
State Bank of India says allowing rule change will create level playing field, discourage regulatory arbitrage
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