India

    KYC & CDD

    NYDFS Issues Guidance Recommending Use of Blockchain Analytics

    By Editors | 05/05/2022

    The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.

    Cloud & Infrastructure

    India’s GIFT City to Introduce Fintech Regulatory Sandbox

    By Editors | 04/05/2022

    The dedicated regulatory sandbox is part of government efforts to establish GIFT City as ‘world class’ fintech hub.

    Cybersecurity

    India: CERT-In Includes Crypto Firms in New Directions

    By Manesh Samtani | 03/05/2022

    The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.

    Liquidity Risk

    RBI Updates LCR Guidance for Commercial Banks

    By Editors | 30/04/2022

    Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.

    Structural Regulation

    RBI Expands LEI Requirements for Corporate Borrowers

    By Manesh Samtani | 26/04/2022

    The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.

    Market Data & Technology

    SEBI Issues Operational Guidelines for DLT-based Platform

    By Editors | 25/04/2022

    The new DLT-based platform is designed to monitor security creation, covenants and asset cover of non-convertible securities.

    Capital Adequacy

    RBI Eases Capital Raising Restrictions for Rural Coop Banks

    By Editors | 24/04/2022

    Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.

    Capital Adequacy

    RBI Issues Guidance on New Regulatory Framework for NBFCs

    By Editors | 23/04/2022

    The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.

    Structural Regulation

    India Urged to Allow SPAC Listings, Discounted Share Issuances

    By Sanday Chongo Kabange | 21/04/2022

    The MCA’s Company Law Committee says says Indian SPACs should be recognised and allowed to list on domestic and global exchanges.

    Conduct, Culture & Accountability

    RBI Issues New Rules on NBFC Compliance Function

    By Editors | 21/04/2022

    Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.

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