India

Fintech / Regtech

RBI Enhances E-mandate Limit for Recurring Transactions

By Ajoy K Das | 13/12/2023

The limit for processing e-mandates for recurring payments was increased for credit card bills, insurance premiums and mutual fund subscriptions.

Securities / Derivatives

SEBI Lays Down Process for Dematerialisation of Units of Small AIFs

By Ajoy K Das | 13/12/2023

Larger AIFs already have to dematerialise their units by 31 October 2023. SEBI said AIFs with a corpus under INR 5 billion have a 30 April 2024 deadline.

Securities / Derivatives

SEBI Considers ‘Fast Track’ for Debt Securities Issuance

By Ajoy K Das | 11/12/2023

This will facilitate frequent issuers with a consistent track record to make public issues of debt securities with reduced time, cost and effort.

Securities / Derivatives

SEBI Plans New Asset Class for Investors with High Risk Appetite

By Ajoy K Das | 11/12/2023

The proposed category is likely to have higher minimum investment and relaxed norms to generate high returns.

Fintech / Regtech

RBI to Launch Cloud Facility, Fintech Repository for Financial Sector

By Ajoy K Das | 11/12/2023

The cloud facility will be a dedicated public infrastructure for the financial sector. The repository will hold information about fintechs.

Market Infrastructure

Indian Firms Will Be Able to List on IFSC Exchanges Next Year

By Nithya Subramanian | 11/12/2023

Allowing local companies to raise foreign capital from GIFT city will be key milestone, said V Balasubramaniam.

Market Infrastructure

RBI in Talks With HK, US on Cross-border CBDC Payments

By Ajoy K Das | 08/12/2023

The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.

Enforcement

India: NFRA Has Overriding Powers Over ICAI, Tribunal Rules

By Ajoy K Das | 06/12/2023

The NCLAT also clarified that NFRA has retrospective jurisdiction to investigate and take necessary action if required even for periods prior to its creation in 2018.

Securities / Derivatives

SEBI Implements Three-Day Timeline for IPO Listings

By Ajoy K Das | 06/12/2023

The new mandatory three-day timeline from IPO close to listing took effect on 1 December, and will benefit both issuers and investors.