INDIA

AML / KYC

India's IFSCA Proposes Video-Based KYC for NRIs from Select Countries

By Nithya Subramanian | 14/07/2025

Video-based customer identification will be allowed for specified NRIs subject to strict checks including address verification, IP restrictions, secure data handling, and mandatory audits to safeguard against fraud.

Capital / Liquidity

Indian Public Sector Banks Scrap Minimum Balance Requirement

By Nithya Subramanian | 14/07/2025

The move is expected to ease banking for low-income groups and help banks strengthen their base of low-cost deposits amid shifting funding trends.

Securities / Derivatives

NSE Eyes First Foreign Currency Equity Listings in GIFT City

By Nithya Subramanian | 12/07/2025

The new mechanism is expected to open a new capital raising route for Indian companies with global ambitions, as well as foreign firms looking to tap into India.

Enforcement

SEBI Penalises Former Exec of Axis Asset Management Company

By Mark Johnston | 12/07/2025

The former executive was found to have recommended specific stocks to relatives that closely resembled trades executed by Axis Mutual Fund.

Enforcement

Indian Court Dismisses Xiaomi’s Plea Against ED Action in FEMA Case

By Nithya Subramanian | 11/07/2025

The Madras High court has allowed adjudication proceedings to continue, saying its interference in the case would be premature.

Fintech / Regtech

BRICS Advances SWIFT Alternative Plan, Taps Indonesia’s QRIS for Pilot

By Manesh Samtani | 11/07/2025

The BRICS group has tasked finance ministers with developing a cross-border payment system, but analysts point to significant technical and geopolitical hurdles.

Securities / Derivatives

India’s MCX Launches New Electricity Futures Contracts

By Nithya Subramanian | 11/07/2025

The new product offers a structured risk management tool for the power sector, industrial users, and investors.

Securities / Derivatives

SEBI Proposes Expanded Business Scope for Credit Rating Agencies

By Editors | 10/07/2025

The proposal would allow credit rating agencies to rate instruments like unlisted securities, but requires strict operational separation and clear disclaimers to investors.

Securities / Derivatives

RBI Consults on Novation Framework for OTC Derivatives

By Nithya Subramanian | 10/07/2025

The new framework aims to standardise practices, strengthen risk management, and enhance transparency in the OTC derivatives market.