India

PEPs & Sanctions

India Introduces Bill to Outlaw Proliferation Financing

By Sanday Chongo Kabange | 07/04/2022

The Bill will also give the government powers to freeze, seize or attach funds or other financial assets or economic resources to prevent WMD financing.

Operational Risk

RBI Identifies Faults in Risk, Compliance, Audit Functions

By Sanday Chongo Kabange | 05/04/2022

The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.

Structural Regulation

HDFC to Seek Regulatory Approval to Merge Into Banking Unit

By Editors | 05/04/2022

The merger is made possible by regulatory guidelines issued last year which reduced the arbitrage NBFCs have enjoyed over banks while also allowing large NBFCs to become banks.

Structural Regulation

SEBI Approves Enhancements to CIS Rules

By Editors | 03/04/2022

The amendments will require CIS managers and certain designated employees to invest in the CIS they manage, and limit investment in other CIS managers.

Cryptocurrency

India Passes Legislation to Implement 30pc Crypto Tax

By Editors | 01/04/2022

Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.

Trading & Investment

SEBI Proposes to Shorten Timelines for Open Offers, Buybacks

By Editors | 31/03/2022

The proposed changes include a shorter time period during which an open offer or buyback offer can remain open, from 10 days to 5 days.

Climate Risk

Indian Banks ‘Unprepared’ to Fight Climate Change: Report

By Editors | 31/03/2022

A report from Climate Risk Horizons finds that most Indian banks have not yet factored climate change into their business strategies.

Payments & Settlements

RBI to Require Geo-Tagging of Payment System Touch Points

By Editors | 31/03/2022

Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.

Trading & Investment

SEBI to Allow Exchanges to Offer Commodity Index Options

By Editors | 29/03/2022

SEBI has set out a product design and risk management framework that should be used by exchanges looking to offer such products.