India

Cloud & Infrastructure

RBI Issues Guidelines on Establishing Digital Banking Units

By Ranamita Chakraborty | 11/04/2022

Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.

Structural Regulation

SEBI Standardises Industry Classification Framework for CRAs

By Editors | 11/04/2022

The standardised framework will help enable uniformity in the classifications being used across sectors and in the securities market, SEBI said.

Payments & Settlements

SEBI Defers Deadline on Use of Pool Accounts for Fund Transactions

By Editors | 09/04/2022

SEBI said AMFI has sought additional time for the implementation of directions that prohibit intermediaries from pooling investor money for mutual fund transactions.

Payments & Settlements

SEBI Raises Limit for Equity Investments via UPI Mechanism

By Editors | 07/04/2022

The limit for individual investors applying in public issues of equity shares and convertibles using the UPI mechanism is being increased.

Structural Regulation

SEBI Clarifies New Related Party Transaction Rule

By Editors | 07/04/2022

Related party transactions approved before 1 April under the old rules will require approval from shareholders.

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.