India

Payments & Settlements

RBI Announces Regulatory Framework for Cross Border Transactions

By Ajoy K Das | 02/11/2023

Non-banks facilitating import and export payment transactions must initially have a minimum net worth of INR 150 million.

Structural Regulation

India Paves the Way for Foreign Listing of Public Companies

By Ajoy K Das | 02/11/2023

One of the first jurisdictions that will be permitted is expected to be GIFT City. Other foreign jurisdictions will be considered thereafter.

Anti-Money Laundering

India Tightens Beneficial Interest Disclosure Rules for LLPs

By Ajoy K Das | 01/11/2023

The disclosures will ensure transparency of the identity of the ultimate person behind the LLPs including related party transactions.

Cloud & Infrastructure

RBI Allows Five MSME Lending Products to Exit Sandbox

By Ajoy K Das | 31/10/2023

Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.

Trading & Investment

India to Require Private Companies to Dematerialise Securities

By Ajoy K Das | 31/10/2023

Private companies will have to ensure their securities are issued only in dematerialised form by 30 September 2024.

Data Privacy

RBI Amends Account Aggregator Framework to Promote Reciprocal Data Sharing

By Ajoy K Das | 31/10/2023

The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.

Liquidity Risk

RBI Raises Limit for Non-callable Term Deposits

By Editors | 30/10/2023

All term deposits below the new INR 10 million threshold will have to mandatorily offer a withdrawal option to depositors.

Trading & Investment

SEBI Again Extends Agri-Derivatives Trading Suspension

By Editors | 30/10/2023

The suspension of trading, initially imposed due rising food inflation, will remain in place until 20 December 2024.

CBDCs

Indian Banks Offering Incentives to Boost CBDC Use – Report

By Ajoy K Das | 28/10/2023

Participating banks funding incentives to promote e-rupee usage in response to pressure from the RBI.