India

Capital / Liquidity

RBI Adopts Four Tier Regulatory Framework for UCBs

By Editors | 24/07/2022

A four-tiered regulatory framework is being adopted for urban cooperative banks based on size of deposits of the banks and their area of operations.

AML / KYC

India, Indonesia to Work Towards Establishing Payment Linkages

By Editors | 20/07/2022

The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.

Securities / Derivatives

SEBI to Extend Insider Trading Prohibitions to Mutual Funds

By Editors | 17/07/2022

SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.

Fintech / Regtech

RBI Grants First In-Principle Approvals for Payment Aggregator Licence

By Editors | 17/07/2022

Razorpay, Pine Labs, Stripe, and 1Pay Mobileware are among those that have received the in-principle approval.

AML / KYC

Why India Does Not Use Sanctions

By Mathew Chemplayil | 12/07/2022

India’s attitudes against isolating Russia arise from its strategic interests with Moscow and a long history as a recipient of sanctions, says Mathew Chemplayil.

AML / KYC

India Enables Rupee Settlement Mechanism for International Trades

By Editors | 12/07/2022

The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.

Capital / Liquidity

RBI Announces Measures to Cushion Falling Rupee

By Editors | 09/07/2022

The RBI has exempted FPIs from a cap on investments in government securities and corporate bonds. FPIs can also buy short-duration corporate debt.

AML / KYC

Chinese Phonemaker Vivo Accused of Evading Tax in India

By Editors | 09/07/2022

Vivo is alleged to have made remittances via Hong Kong to China to disclose losses in India and avoid domestic tax payments.

Securities / Derivatives

SEBI Directs Brokers to Report Cyber Threats Within Six Hours

By Editors | 06/07/2022

Quarterly reports must be issued containing information on cyber incidents, risk mitigation measures, bugs and vulnerabilities, and threat details.