India

Sanctions

OFAC Halts $26m in Funds Tied to Indian Diamond Traders

By Editors | 08/08/2023

OFAC reportedly suspects fund transfers were made to diamond suppliers with links to Russian miners and sanctioned bodies.

Capital / Liquidity

SEBI Mandates FPIs to Route Bond Trades to RFQ Platforms

By Ranamita Chakraborty | 08/08/2023

Starting 1 October, foreign portfolio investors are required to conduct a minimum of 10 percent of their total secondary market corporate bond trades through the request for quote (RFQ) platform offered by stock exchanges.

Capital / Liquidity

SEBI’s Annual Report Highlights Disclosure Rules Strengthening Plan

By Jill Wong | 08/08/2023

Sebi’s annual report highlights plans to strengthen disclosure requirements of unlisted companies.

ESG / Sustainability

Indian Banks Unprepared for Climate Actions

By Jill Wong | 07/08/2023

India faces the highest climate risks but its banks are unprepared to undertake climate action, according to a new report by India-based think tank Climate Risk Horizons.

Crypto / Digital Assets

India Offers Recommendations on Global Crypto Regulatory Framework

By Editors | 04/08/2023

As G20 president, India outlines global crypto regulations amidst domestic pressure from the Supreme Court for clearer crypto-related laws.

Securities / Derivatives

SEBI Pushes Uniformity in Portfolio Manager Performance Audits

By Editors | 04/08/2023

SEBI mandates standardised annual audits for portfolio managers to enhance transparency in firm-level performance data.

Capital / Liquidity

SEBI Approves Sale of Private Listed InvITs

By Ranamita Chakraborty | 04/08/2023

Existing shareholders of private listed Infrastructure Investment Trusts (InvITs) can now sell their units to the public through a stock exchange mechanism.

Sanctions

RBI Approves 34 Russian Vostro Accounts at Indian Banks

By Editors | 03/08/2023

Special Rupee Vostro Accounts were opened by Russian banks at 14 Indian commercial banks, based on guidelines issued by the RBI in July 2022.

AML / KYC

SEBI Proposes Revising Account Aggregator Framework to Prevent Fraud

By Ranamita Chakraborty | 03/08/2023

Securities and Exchange Board of India (SEBI) found that certain consumers are sharing confidential information with third parties and providing financial data to unauthorised entities.