India

Conduct, Culture & Accountability

RBI to Review Customer Service Standards, Regulations

By Editors | 24/05/2022

The committee will identify ways to enhance customer service standards and grievance redress mechanisms in the financial industry.

Anti-Money Laundering

Fugitive Former Banker from Bangladesh Arrested in India

By Editors | 22/05/2022

PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

Structural Regulation

RBI Assesses Six Applicants Unsuitable for Banks Licensing

By Editors | 22/05/2022

RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]

Cryptocurrency

SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto

By Editors | 19/05/2022

SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.

Structural Regulation

RBI Says Banks Can Continue to Label NBFC Loans as PSL

By Editors | 19/05/2022

Banks were allowed to classify lending to NBFCs as priority sector lending in September 2020, provided the funds were on-lent to priority sectors.

Structural Regulation

SEBI Proposes to Allow Confidential Filings of IPO Documents

By Duruthu E Chandrasekera | 19/05/2022

SEBI is looking to incentivise more IPO listings by addressing concerns that information contained in IPO documents could be used by an applicant’s competitors.

Trading & Investment

NSE Launches First SGX Connect Product at GIFT City

By Editors | 18/05/2022

NSE IFSC-SGX Connect is expected to go fully live in July 2022, with the onboarding of SGX members.

Clearing & Post-Trade

India’s NSDL Launches Blockchain Platform for NCD Market

By Editors | 16/05/2022

The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.

Clearing & Post-Trade

SEBI Revises Framework for Calculating Margin Requirements

By Editors | 14/05/2022

The margin requirements calculated for derivatives will be based on the fixed beginning-of-day margin parameters.