Draft rules also mandate minimum capital and financial reporting standards.
Lenders will now be able to set up branches in previously restricted areas.
Finance minister Arjun Meghwal says loophole making system prone to manipulation closed on 3 December.
Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.
New exchange aims to prevent fraud amidst PBOC concerns about ‘opaque information trading’.
December Nikkei 225 Futures the largest contract hit by delay 5 months after main board malfunction.
Group aims to ‘maximise convenience, security and efficiency of financial transactions’.
Simpler, more rational regime is increasingly conducive, EY partner Tejas Desai suggests.
Regulator to allow work on private funds, investment advice, clearing and settlement.
Project aims to formulate rules on managing and handling digital assets and currencies.