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Market Infrastructure
India: State Bank Merger Plan Takes Effect on 1 April
By Editors | 31/03/2020
A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.
Capital / Liquidity
RBI Announces Broad Measures to Address Covid-19 Financial Stress
By Editors | 28/03/2020
The measures include a 3 month moratorium on term loans, deferred interest on working capital loans, $50bn of liquidity measures, and 6-month delays for NSFR, CCB and LEI implementation.
Capital / Liquidity
Indian Banks Directed to Extend Emergency Credit to SMEs
By Editors | 26/03/2020
The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.
Securities / Derivatives
SEBI Grants Compliance Relief to Fund Managers, Brokers, Issuers
By Editors | 24/03/2020
The new measures include relief from mutual fund policy initiatives, penalty provision exemptions for brokers, and various deadline extensions.
Securities / Derivatives
SEBI Tightens Short-selling, Margin Rates to Curb Volatility
By Editors | 23/03/2020
SEBI is hoping to rein in speculation by reducing the position limits and raising margin rates in equity and debt derivatives.
Securities / Derivatives
SEBI Allows Extra Time to File Quarterly, Annual Results
By Editors | 20/03/2020
Listed companies will have until 30 June to file their quarterly and annual financial results for the period ending 31 March.
AML / KYC
RBI Brings Payment Aggregators Under Regulatory Remit
By Editors | 19/03/2020
The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.
RBI Intervenes to Provide US Dollar, Rupee Liquidity
By Editors | 16/03/2020
The RBI’s move to provide US dollar liquidity amid a sinking rupee had the unintended consequence of squeezing liquidity in its domestic currency.
Capital / Liquidity
RBI Amends Exposure Norms for Urban Cooperative Banks
By Editors | 16/03/2020
The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.
Capital / Liquidity
India’s Cabinet Green Lights Yes Bank Rescue Plan
By Editors | 16/03/2020
State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.
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