India

Operational Risk

RBI Issues Draft Rules for Banks on Operational Risk Capital

By Editors | 20/12/2021

The draft directions, aligned with the Basel III standards, are open for consultation until 31 January 2022 and expected to take effect on 1 April 2023.

Structural Regulation

SEBI Proposes ‘One Commodity, One Exchange’ Policy

By Editors | 17/12/2021

The proposed policy will help exchanges develop an exclusive set of un-fragmented liquid contracts for a specific agricultural commodity over 3-5 years.

Capital Adequacy

RBI Introduces New PCA Framework For NBFCs to Contain Risk

By Sanday Chongo Kabange | 16/12/2021

The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.

Structural Regulation

RBI to Require LEI Use in Large Cross-border Transactions

By Editors | 14/12/2021

From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.

Trading & Investment

SEBI Seeks to Regulate Algo Trading by Retail Investors

By Editors | 13/12/2021

SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.

Capital Adequacy

RBI Loosens Rules on Bank Management of Overseas Units

By Manesh Samtani | 13/12/2021

The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.

Trading & Investment

SEBI Proposes to Ease Rules on Preferential Share Issuance

By Editors | 05/12/2021

The regulator proposes relaxed pricing norms, a shorter lock-in period, and to allow promoters to pledge shares for loans during the lock-in period.

Conduct, Culture & Accountability

SEBI Directs Market to Display Investor Charter, Complaints Data

By Editors | 04/12/2021

From January 2022, stock exchanges, merchant bankers and RTAs will need to publish the new investor charter as well as complaints data on their websites.

Structural Regulation

RBI to Update Rules on Ownership of Private Sector Banks

By Editors | 01/12/2021

Promoters will be able to increase their long-run stakes in private sector banks from 15 to 26 percent. The capital requirement for a universal bank licence will be doubled.