India

Fintech / Regtech

RBI Calls on Banks to Improve FX Market for Retail Investors

By Ajoy K Das | 11/04/2024

The RBI is concerned about unauthorised FX platforms, inadequate price transparency, and the lack of global participation by Indian players.

Securities / Derivatives

India Widens Options for Foreign Investors in GIFT City

By Ajoy K Das | 08/04/2024

Foreign brokers can remotely trade at GIFT City stock exchanges directly. FPIs can invest in Indian sovereign green bonds via GIFT City.

Securities / Derivatives

India: Mutual Funds Set Guidelines for Responding to Stress

By Ajoy K Das | 08/04/2024

Mutual funds may impose restrictions on redemptions, restrict withdrawals, and increase exit loads in market stress events.

Securities / Derivatives

RBI Defers Implementation of Currency Derivatives Norms

By Ajoy K Das | 06/04/2024

The move is a response to confusion about requirements that only allow trading in exchange-traded rupee derivatives for hedging purposes.

Fintech / Regtech

India Considers New Agency to Verify Online Lending Apps

By Ajoy K Das | 05/04/2024

The so-called “Digital India Trust Agency” would operate a public registry of digital loan apps that have been vetted for regulatory compliance.

Securities / Derivatives

SEBI Launches Upgraded Complaint Redressal Platform

By Ajoy K Das | 03/04/2024

SCORES 2.0 makes the investor complaint redress mechanism more efficient by allowing auto-routing and auto-escalation of complaints.

India: Panel Proposes Measures to Make GIFT City a Global Finance Hub

By Ajoy K Das | 01/04/2024

Government-appointed experts’ committee says clearer criteria should be provided to those wishing to set up a financial services company in GIFT City.

Securities / Derivatives

RBI Clarifies Norms for Investment in AIFs by Banks, NBFCs

By Ajoy K Das | 29/03/2024

The RBI said the provisioning requirement only applies to the amount invested in debtor companies and not the entire AIF investment.

Securities / Derivatives

SEBI Suspects Mis-selling of Mutual Fund Products

By Ajoy K Das | 27/03/2024

SEBI is assessing whether AMCs sold long-duration and small cap funds to senior citizens without them properly understanding the risks.