India

Securities / Derivatives

SEBI to Phase In Stricter Stock Trading Margin Norms From December

By Editors | 22/07/2020

The new rules are expected to severely impact intra-day stock trading, which accounts for about 90% of the market volumes in India.

RBI Sets Fair Practices Code for Asset Reconstruction Companies

By Duruthu E Chandrasekera | 19/07/2020

The new Code sets out transparent and fair procedures for when asset reconstruction companies acquire assets from banks, along with anti-harassment provisions to protect borrowers.

Capital / Liquidity

RBI Directs Banks to Conduct Stress Tests, Raise Capital

By Editors | 14/07/2020

RBI Governor Shaktikanta Das said minimum capital requirements may not be sufficient to absorb losses and maintain financial stability.

Market Infrastructure

SEBI Allows Foreign Stock Exchanges to Set Up in Gift City

By Editors | 13/07/2020

Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.

Securities / Derivatives

SEBI Finalises Amendments to Investment Adviser Rules

By Editors | 07/07/2020

The final rules increase the net worth, qualification and experience requirements for investment advisers and introduce client-level segregation of advice and distribution activities.

RBI Asks Banks, NBFCs to Adopt New Classification Norms for MSMEs

By Editors | 03/07/2020

Banks and NBFCs have to classify enterprises as micro, small or medium based on new thresholds for turnover and investment in plant and machinery or equipment.

Securities / Derivatives

India Standardises Stamp Duty on Securities Transactions Nationwide

By Editors | 02/07/2020

India has revised its framework for levying the stamp duty on securities transactions, in a bid to ensure uniformity across the country.

Capital / Liquidity

India Approves Special Liquidity Scheme for NBFCs

By Editors | 01/07/2020

An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.

India Bans Chinese Apps, Citing Data Privacy Issues

By Editors | 30/06/2020

India has banned 59 of China’s biggest mobile phone apps including TikTok and WeChat, saying they breach data privacy requirements and threaten the country’s security.