India

Securities / Derivatives

SEBI Suspends Trading in Key Agri-Derivatives to Curb Inflation

By Manesh Samtani | 22/12/2021

The trading suspension is a response to rising food inflation. Observers expect the move to impact market confidence and make hedging more difficult.

Securities / Derivatives

SEBI Grants Mutual Funds More Time to Comply with New Norms

By Editors | 20/12/2021

SEBI has issued new guidelines on the use of pool accounts by mutual funds and deferred implementation of new risk management and benchmarking norms.

Capital / Liquidity

RBI Issues Draft Rules for Banks on Operational Risk Capital

By Editors | 20/12/2021

The draft directions, aligned with the Basel III standards, are open for consultation until 31 January 2022 and expected to take effect on 1 April 2023.

Securities / Derivatives

SEBI Proposes ‘One Commodity, One Exchange’ Policy

By Editors | 17/12/2021

The proposed policy will help exchanges develop an exclusive set of un-fragmented liquid contracts for a specific agricultural commodity over 3-5 years.

Capital / Liquidity

RBI Introduces New PCA Framework For NBFCs to Contain Risk

By Sanday Chongo Kabange | 16/12/2021

The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.

Market Infrastructure

RBI to Require LEI Use in Large Cross-border Transactions

By Editors | 14/12/2021

From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.

Securities / Derivatives

SEBI Seeks to Regulate Algo Trading by Retail Investors

By Editors | 13/12/2021

SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.

Capital / Liquidity

RBI Loosens Rules on Bank Management of Overseas Units

By Manesh Samtani | 13/12/2021

The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.

Securities / Derivatives

SEBI Proposes to Ease Rules on Preferential Share Issuance

By Editors | 05/12/2021

The regulator proposes relaxed pricing norms, a shorter lock-in period, and to allow promoters to pledge shares for loans during the lock-in period.