India

Sustainable Finance

RBI Issues ‘Green Deposits’ Framework for Banks, NBFCs

By Editors | 12/04/2023

The allocation of funds raised through green deposits shall be subject to independent third-party verification and assurance each year, the RBI says.

Cloud & Infrastructure

RBI Finalises Rules for Outsourcing of IT Services by Banks

By Editors | 12/04/2023

RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.

Alternative Markets

SEBI Mandates Direct Plan, Trail Fee Model for AIFs

By Editors | 11/04/2023

SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.

Trading & Investment

RBI to Permit Local Users to Access Onshore NDF Market

By Editors | 09/04/2023

The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.

Payments & Settlements

RBI Scraps Plans to Allow Firms to Develop UPI Alternative

By Editors | 07/04/2023

RBI deputy governor T Rabi Sankar says ‘new umbrella entity’ applicants did not propose solutions that were particularly innovative.

Emerging Prudential Risks

India Sets Up Panel to Review National Pension System

By Editors | 07/04/2023

The panel will seek to improve the benefits to government employees covered under the NPS and try to unify the different schemes adopted across India.

Conduct, Culture & Accountability

SEBI Issues New Advertising Rules for Advisers, Analysts

By Editors | 06/04/2023

SEBI’s new rules seek to curb misleading investment advertisements and address the use of unregistered brand names, trade names and logos.

Market Abuse

SEBI Probing Related Party Transactions at Adani Group

By Editors | 04/04/2023

SEBI is probing three offshore entities which entered into investment transactions with unlisted Adani Group units over the last 13 years.

Clearing & Post-Trade

No Active Negotiations to Resolve India CCP Issue: ESMA

By Editors | 23/03/2023

EU banks will face a 1,250% risk weight on exposures to Indian CCPs after April. French and German regulators have given their banks 18 extra months to terminate Indian CCP memberships.