India

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    Structural Regulation

    SEBI Fines Fidelity Unit for Breach of FPI Regulations

    By Ranamita Chakraborty | 10/07/2023

    SEBI says Fidelity failed to provide updates on material information and engaged in trading activities without a valid registration as a foreign portfolio investor.

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    Payments & Settlements

    RBI Panel Proposes Measures to Boost Rupee Internationalisation

    By Mark Johnston | 10/07/2023

    The panel proposes short, medium and long term measures to increase the use of the rupee in cross-border transactions.

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    Market Abuse

    SEBI Probes Software Misuse by NSE Trading Members

    By Editors | 09/07/2023

    Some high-frequency traders reportedly used special software that enabled them to submit orders to NSE without paying transaction fees.

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    Credit Risk

    RBI Extends Deadline for Co-op Banks to Meet PSL Targets

    By Editors | 09/07/2023

    “This action is taken in response to the implementational challenges experienced by these financial institutions,” the RBI said.

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    Anti-Money Laundering

    India Allows GST Network to Share Data for AML

    By Mark Johnston | 08/07/2023

    The GST Network has been added as the 26th entity that must share information with the ED and FIU under the PMLA.

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    AI Risk & Governance

    RBI Considers Developing Regulatory Framework for Fintechs

    By Editors | 07/07/2023

    Deputy governor T Rabi Sankar Sankar indicated the RBI is committed to ensuring the fintech industry is provided adequate space to grow.

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    ESG Data

    SEBI Mandates Certification for ESG Raters

    By Ranamita Chakraborty | 07/07/2023

    ESG rating providers in India now need to establish an adequate framework to ensure transparency, prevent conflicts of interest and openly publish their rating methodology on their website.

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    Trading & Investment

    SEBI Proposes to Require FPIs to Route Bond Trades to RFQ Platforms

    By Editors | 06/07/2023

    SEBI intends to mandate FPIs to carry out at least 10 percent of their total secondary market trades in corporate bonds via RFQ platforms.

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    Fraud, Scams & Cybercrime

    India: Former Chair of Coop Bank Arrested on Fraud Allegations

    By Sanday Chongo Kabange | 06/07/2023

    India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.

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    Payments & Settlements

    RBI to Require Card Issuers to Offer Network Optionality

    By Sanday Chongo Kabange | 06/07/2023

    Banks and other card issuers will have to provide options for customers to freely choose which card networks processes their payments.

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