India

Capital / Liquidity

RBI Introduces New Standing Deposit Facility for Banks

By Editors | 16/04/2022

The facility allows banks to deposit excess liquidity at the RBI, without the central bank having to provide government securities as collateral in exchange.

Market Infrastructure

RBI to Simplify E-Commerce Payment Settlement Process

By Editors | 15/04/2022

Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.

Securities / Derivatives

SEBI Seeks to Loosen Restrictions on Mutual Fund Sponsors

By Editors | 13/04/2022

A new working group will recommend new eligibility criteria that could allow private equity funds and other pooled investment vehicles entities to sponsor mutual funds.

Market Infrastructure

SEBI Forms New Committee to Enhance Governance of MIIs

By Editors | 12/04/2022

The committee will suggest measures to improve governance at market infrastructure institutions, including NSE, which experienced lapses during the tenure of its former CEO.

Fintech / Regtech

RBI Issues Guidelines on Establishing Digital Banking Units

By Ranamita Chakraborty | 11/04/2022

Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.

Securities / Derivatives

SEBI Standardises Industry Classification Framework for CRAs

By Editors | 11/04/2022

The standardised framework will help enable uniformity in the classifications being used across sectors and in the securities market, SEBI said.

Securities / Derivatives

SEBI Defers Deadline on Use of Pool Accounts for Fund Transactions

By Editors | 09/04/2022

SEBI said AMFI has sought additional time for the implementation of directions that prohibit intermediaries from pooling investor money for mutual fund transactions.

Securities / Derivatives

SEBI Raises Limit for Equity Investments via UPI Mechanism

By Editors | 07/04/2022

The limit for individual investors applying in public issues of equity shares and convertibles using the UPI mechanism is being increased.

Securities / Derivatives

SEBI Clarifies New Related Party Transaction Rule

By Editors | 07/04/2022

Related party transactions approved before 1 April under the old rules will require approval from shareholders.