India

Structural Regulation

RBI Issues Framework for Reclassifying FPI Investment as FDI

By Editors | 11/11/2024

The framework sets out a process for FPIs that breach the 10% ownership limit and wish to convert their stakes in Indian companies to FDI.

Sustainable Finance

RBI Expands Sovereign Green Bond Access for Non-resident Investors

By Nithya Subramanian | 09/11/2024

The RBI added 10-year SGrBs issued in the second half of the fiscal 2024-25 as ‘specified securities’ under the Fully Accessible Route.

Market Risk

UPDATED – New Margin Rules for OTC Derivatives Take Effect in India

By Editors | 08/11/2024

Only the VM rules have taken effect on schedule. The effective date for the IM rules has been extended to 1 April 2025.

Structural Regulation

CDSL Wins Market Infrastructure of the Year at 2024 Regulation Asia Awards

By Editors | 04/11/2024

Central Depository Services (India) Limited was awarded the ‘Market Infrastructure of the Year’ award at the 7th Regulation Asia Awards for Excellence 2024.

Clearing & Post-Trade

RBI Updates Requirements for CCPs on Governance Arrangements

By Editors | 31/10/2024

The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

Clearing & Post-Trade

French, German Banks to Extend Dealings With Indian CCPs

By Editors | 31/10/2024

At the same time, French and German regulators have asked their banks to consider alternate arrangements with local lenders.

PEPs & Sanctions

India, Malaysia Supplying Nvidia AI Chips to Russia – Report

By Editors | 30/10/2024

An Indian company reportedly exported advanced Dell servers with high-end Nvidia processors to Russia between April to August 2024.

Liquidity Risk

RBI’s LCR Plan Will Force Indian Banks to Rework Strategy

By Nithya Subramanian | 28/10/2024

The RBI has proposed an additional 5 percent run off factor for retail digital banking accounts. Other regulators are waiting for guidance from the BCBS.

Payments & Settlements

Paytm Gains NPCI Approval to Onboard New UPI Users

By Mark Johnston | 26/10/2024

Paytm has received approval from the NPCI to resume onboarding new UPI users, a development seen as significant for the company.