India

RBI Orders Banks to Report Data on Borrower Relationships

By Ranamita Chakraborty | 27/10/2021

The RBI said it has observed “a low level of relationship segment details” in the databases of credit information companies.

Capital / Liquidity

RBI Extends Basel III Rules to All India Financial Institutions

By Ranamita Chakraborty | 26/10/2021

EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.

Market Infrastructure

Global Fund Association Calls on SEBI to Delay T+1 Implementation

By Editors | 25/10/2021

To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.

Capital / Liquidity

RBI Finalises New Regulatory Framework for NBFCs

By Editors | 22/10/2021

The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.

Market Infrastructure

BSE India to Offer T+1 Settlement from 3 January 2022

By Sanday Chongo Kabange | 21/10/2021

BSE has told members and vendors to make necessary changes to their trading applications to ensure T+1 is supported.

AML / KYC

India, US Pledge to Take Stronger Action Against Financial Crime

By Editors | 20/10/2021

Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.

Enforcement

RBI Penalised StanChart, SBI for Regulatory Violations

By Editors | 18/10/2021

The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.

AML / KYC

RBI to Allow Foreign Banks to Store Limited Data Overseas

By Editors | 14/10/2021

Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.

Securities / Derivatives

SEBI Orders Mutual Funds to Direct More Trades to RFQ Platforms

By Editors | 13/10/2021

From 1 December, 25% of mutual funds’ corporate bond trades must be directed through RFQ platforms of stock exchanges.