India

Capital / Liquidity

RBI Exempts Foreign Sovereign Exposure from LEX Framework

By Editors | 27/02/2021

Exposures to foreign sovereigns or their central banks that are subject to a zero percent risk weight will be exempted from the large exposures framework.

Market Infrastructure

SEBI, FinMin Order NSE to Explain Three Hour Trading Halt

By Editors | 25/02/2021

NSE had attributed the trading halt to issues with their links to two telecom service providers. An interim report is expected within 24 hours.

Capital / Liquidity

RBI Issues New Regulatory Framework for Housing Finance Companies

By Ranamita Chakraborty | 24/02/2021

Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.

DBS Faces Legal Challenge Following Takeover of Indian Bank

By Ranamita Chakraborty | 23/02/2021

DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.

Fintech / Regtech

RBI Enhances Security Requirements for Digital Payment Apps

By Editors | 21/02/2021

The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.

Market Infrastructure

SEBI Board Meeting: A Preview of Things to Come

By Editors | 21/02/2021

SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.

Market Infrastructure

RBI Formally Permits India Residents to Invest in GIFT City

By Ranamita Chakraborty | 17/02/2021

Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.

Securities / Derivatives

RBI Allows Banks to Post Margin Onshore for Offshore Clients

By Editors | 17/02/2021

AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.

Securities / Derivatives

RBI Issues Draft Guidelines to Open Up CDS Market

By Manesh Samtani | 16/02/2021

Under the guidelines, retail users will be allowed to buy permitted credit derivatives for hedging purposes, whereas non-retail can do so for any purpose.