India

Capital / Liquidity

RBI Proposes Scheme to Rescue PMC Bank Depositors

By Editors | 25/11/2021

PMC Bank will be merged into Unity Small Finance Bank, which was set up on 1 November by financial services conglomerate Centrum Group and fintech firm Bharatpe.

Securities / Derivatives

SEBI Relaxes Rule on Daily Fines for Disclosure Violations

By Sanday Chongo Kabange | 25/11/2021

Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.

Securities / Derivatives

SEBI Defers Implementation of New Margin Requirements

By Editors | 24/11/2021

New rules that require investors to have 50 percent of their margins in cash to trade in futures and options have been deferred to 28 February.

Securities / Derivatives

SEBI Issues New Disclosure Rules for Related-Party Transactions

By Sanday Chongo Kabange | 24/11/2021

Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.

Fintech / Regtech

India: GIFT City Regulator Wins Approval to Set Up Suptech Fund

By Editors | 24/11/2021

The IFSCA also received approval for a new headquarters building. GIFT City’s new gold bullion exchange is expected to launch in January.

Fintech / Regtech

RBI Panel Suggests Increasing Regulation for Digital Lenders

By Sanday Chongo Kabange | 22/11/2021

The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.

Securities / Derivatives

SEBI Publishes Charter of Investor Rights in Securities Market

By Editors | 21/11/2021

The charter sets out the rights and responsibilities of investors, as well as some ‘dos and don’ts’ of investing in the securities market.

Market Infrastructure

SEBI Proposes Market Maker Framework for Corporate Bonds

By Sanday Chongo Kabange | 21/11/2021

To act as market makers, stockbrokers and merchant banks would need INR 100 million in additional net worth over-and-above their existing obligations.

Securities / Derivatives

SEBI Proposes to Tighten Rules on Use of IPO Proceeds

By Sanday Chongo Kabange | 19/11/2021

SEBI is considering increasing the lock-in period for anchor investors and limiting share sales by significant shareholders for six months.