India

KYC & CDD

RBI Panel Offers Recommendations on Improving Bank Services

By Editors | 05/06/2023

The committee issued recommendations to foster a more customer-centric approach in the financial services industry.

Structural Regulation

SEBI Proposes Tighter Rules for Granting QIB Status to AIFs

By Mark Johnston | 31/05/2023

SEBI said many AIFs have only one or two investors but have been obtaining benefits as ‘Qualified Institutional Buyers’.

Operational Risk

RBI Governor Raises Concerns Over India Bank Governance

By Ranamita Chakraborty | 30/05/2023

RBI governor Shaktikanta Das said banks are employing “smart accounting methods” to artificially boost performance and mask stressed loans.

Conduct, Culture & Accountability

SEBI Proposes to Strengthen Investor Grievance Handling Process

By Ranamita Chakraborty | 29/05/2023

SEBI is seeking to streamline the complaints redressal process and introduce a two-tier review system.

Cybersecurity

NYDFS Fines Lender $4.25m for Breaching Cybersecurity Rules

By Mark Johnston | 25/05/2023

OneMain Financial Group failed to properly manage access privileges and conduct due diligence on third-party vendors, NYDFS said.

Trading & Investment

SEBI Proposes to Cut IPO Listing Timelines in Half

By Mark Johnston | 24/05/2023

The proposal is expected to improve the efficiency and transparency of the IPO process and provide faster access to capital.

KYC & CDD

Adani Shares Recover as SEBI Struggles to Trace Overseas Investors

By Mark Johnston | 24/05/2023

A court-appointed panel says SEBI has been unable to trace the ultimate owners of 13 overseas entities that invested in Adani Group.

Trading & Investment

SEBI Proposes Measures to Reduce Equity Derivatives Volatility

By Ranamita Chakraborty | 23/05/2023

SEBI is seeking comments on proposed measures to strengthen the existing price band formulation for derivative-linked shares.

Trading & Investment

SEBI Seeks Uniform Total Expense Ratio for Mutual Funds

By Ranamita Chakraborty | 23/05/2023

SEBI’s proposed measures aim to increase transparency regarding the costs borne by mutual fund investors.