India

Enforcement

India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE

By Editors | 20/07/2023

The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.

ESG / Sustainability

India’s Pension Regulator Approves Investment in Sovereign Green Bonds

By Ranamita Chakraborty | 19/07/2023

The Pension Fund Regulatory and Development Authority said pension funds will be allowed to invest in sovereign green bonds.

DBS Opens International Financial Services Centre Unit in India’s GIFT City

By Ranamita Chakraborty | 18/07/2023

More financial companies from Singapore are expected to enter India’s Gujarat International Finance Tec-City (GIFT City) following the launch of a new cross-border trading link between India and Singapore.

Fintech / Regtech

RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

By Editors | 17/07/2023

The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

ESG / Sustainability

SEBI to Require Listed Entities to Cover ‘Value Chain’ in ESG Disclosures

By Editors | 16/07/2023

Listed companies will have to incorporate ESG information from firms in their value chain in their annual BRSR reports, and obtain assurance for such information.

Fintech / Regtech

France Agrees to Accept UPI Payments from Indian Travellers

By Editors | 15/07/2023

Indian tourists will be able to use the UPI system to make payments in Indian rupees while visiting France.

Securities / Derivatives

SEBI Tightens Disclosure Norms for Listed Companies

By Mark Johnston | 14/07/2023

The new disclosure norms by SEBI aim to enhance transparency and accountability in corporate governance practices of listed entities.

Crypto / Digital Assets

Stablecoins Threaten Policy Sovereignty, Says RBI Deputy Governor

By Mark Johnston | 14/07/2023

Stablecoins are only beneficial to linked economies, such as the US and Europe, but not to India, said T Rabi Sankar.

Crypto / Digital Assets

HDFC Bank Implements Interoperability between CBDC and UPI

By Editors | 13/07/2023

HDFC Bank customers with UPI IDs can use the QR code at retail shops to transfer funds directly from their CBDC wallets.