India

    Market Infrastructure

    RBI Chief Calls for Smooth Transition from LIBOR

    By Sanday Chongo Kabange | 02/12/2020

    Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.

    Capital / Liquidity

    Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank

    By Editors | 26/11/2020

    All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.

    Securities / Derivatives

    SEBI Consults on Extra Disclosure Rules for Listed Companies

    By Sanday Chongo Kabange | 24/11/2020

    The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.

    Capital / Liquidity

    RBI Working Group Proposes New Rules on Bank Ownership

    By Sanday Chongo Kabange | 23/11/2020

    The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

    ESG / Sustainability

    Luxembourg, India Sign Three Market Cooperation Agreements

    By Editors | 23/11/2020

    An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.

    Securities / Derivatives

    SEBI Directs Directs NSE to Triple Investor Protection Fund

    By Editors | 23/11/2020

    SEBI says it will review the adequacy of NSE’s investor protection fund on a half-yearly basis and that incremental contributions will be made “if required”.

    Market Infrastructure

    India’s Transition Away from LIBOR ‘Full of Challenges’

    By Manesh Samtani | 19/11/2020

    The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.

    Capital / Liquidity

    RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank

    By Editors | 18/11/2020

    The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.

    Securities / Derivatives

    BSE India Launches New Investment Platform for Fund Managers

    By Sanday Chongo Kabange | 17/11/2020

    Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.

    ESG / Sustainability

    SEBI to Expand Risk Management Committee’s Role at Listed Entities

    By Editors | 15/11/2020

    The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.

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