India

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    Emerging Prudential Risks

    RBI Releases List of Upper Layer NBFCs for 2023-24

    By Mark Johnston | 14/09/2023

    Under the new regulatory framework, the 15 upper layer NBFCs will be subject to heightened regulatory requirements for a minimum of five years.

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    Structural Regulation

    SEBI Allows REIT, InvIT Unitholders to Nominate Board Members

    By Editors | 13/09/2023

    REIT and InvIT unitholders holding more than 10 percent of the units can nominate board members.

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    Structural Regulation

    SEBI Orders Brickwork Ratings to Revamp Board, Rating Process

    By Mark Johnston | 13/09/2023

    SEBI initially tried to cancel Brickwork’s credit rating agency licence but the order was quashed on appeal and SEBI was directed to issue a fresh order.

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    Conduct, Culture & Accountability

    RBI Sets 30-day Deadline for Lenders to Return Property Documents

    By Mark Johnston | 13/09/2023

    The RBI directed regulated entities to release all original property documents to customers within 30 days after personal loans are fully repaid.

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    Trading & Investment

    India to Explore Allowing Domestic Firms to Directly List in London

    By Editors | 13/09/2023

    India’s government will explore the London Stock Exchange as an international destination for the direct listing of Indian companies.

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    Trading & Investment

    NSE India Granted Approval for Crude Oil, NatGas Options

    By Editors | 12/09/2023

    NSE India already launched rupee-denominated WTI crude oil and natural gas futures contracts in May 2023. The new options contracts will launch on 23 October.

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    Cryptocurrency

    India’s Crypto Market Booms Despite Regulatory Challenges – Chainalysis

    By Jill Wong | 12/09/2023

    The global crypto adoption index seeks to rank markets based on the people’s share of wealth put into cryptocurrencies.

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    Cryptocurrency

    G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban

    By Manesh Samtani | 12/09/2023

    The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.

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    Liquidity Risk

    RBI Announces Decision to Discontinue I-CRR Requirement

    By Editors | 11/09/2023

    25% of the I-CRR was released on Saturday. Another 25 percent will be released on 23 September. The remaining 50 percent will be released on 7 October.

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    Payments & Settlements

    RBI Governor Launches New Features on UPI System

    By Editors | 08/09/2023

    The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

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