India

Conduct, Culture & Accountability

SEBI Warning Letter to ICICI Bank Over Investor Outreach

By Ajoy K Das | 07/06/2024

ICICI Bank called shareholders of its securities unit seeking their votes to approve a delisting plan.

KYC & CDD

SEBI Directs KRAs to Integrate with Central KYC Registry

By Ajoy K Das | 07/06/2024

KYC Registration Agencies will have to integrate their systems with the CKYCRR and start uploading data from 1 August.

KYC & CDD

SEBI Relaxes Timeline for FPIs to Disclose Material Changes

By Ajoy K Das | 06/06/2024

“Type I” material changes must be disclosed within seven days, but supporting documents can be provided within 30 days.

Trading & Investment

SEBI Launches Personal Finance App to Assist Investors

By Ajoy K Das | 05/06/2024

The app empowers investors with reliable and essential insights into the securities market, a SEBI director said at the launch.

Payments & Settlements

India to Allow Non-residents to Open Rupee Accounts

By Ajoy K Das | 05/06/2024

Indian banks will also be able to lend to non-residents in INR, as part of measures to internationalise the domestic currency.

Clearing & Post-Trade

SEBI to Review Ownership Structures of Clearing Corporations

By Ajoy K Das | 03/06/2024

An expert committee will review whether majority ownership of clearing corporations by stock exchanges remains appropriate.

Clearing & Post-Trade

SEBI Revises Collateral, Exposure Norms for Clearing Corporations

By Ajoy K Das | 03/06/2024

The norms strengthen the liquidity and stability of clearing corporations and set new limits on exposures to individual banks.

Structural Regulation

RBI Finalises Recognition Framework for Fintech SROs

By Ajoy K Das | 01/06/2024

Entities seeking to become self-regulatory organisations in the fintech sector may submit an application with the RBI.

Trading & Investment

SEBI Reduces Approval Time to Offer Online Trading

By Ajoy K Das | 01/06/2024

Stock brokers will only have to wait 7 calendar days to receive a decision from stock exchanges about approval to offer internet-based trading services to clients.