India

Resolution & Recovery

DBS Faces Legal Challenge Following Takeover of Indian Bank

By Ranamita Chakraborty | 23/02/2021

DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.

Cybersecurity

RBI Enhances Security Requirements for Digital Payment Apps

By Editors | 21/02/2021

The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.

Structural Regulation

SEBI Board Meeting: A Preview of Things to Come

By Editors | 21/02/2021

SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.

Structural Regulation

RBI Formally Permits India Residents to Invest in GIFT City

By Ranamita Chakraborty | 17/02/2021

Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.

Clearing & Post-Trade

RBI Allows Banks to Post Margin Onshore for Offshore Clients

By Editors | 17/02/2021

AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.

Trading & Investment

RBI Issues Draft Guidelines to Open Up CDS Market

By Manesh Samtani | 16/02/2021

Under the guidelines, retail users will be allowed to buy permitted credit derivatives for hedging purposes, whereas non-retail can do so for any purpose.

Resolution & Recovery

RBI Establishes Expert Committee to Enhance UCB Resilience

By Editors | 16/02/2021

The committee will take stock of existing regulatory measures and their impacts and recommend other suitable measures to strengthen the sector.

PEPs & Sanctions

RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions

By Editors | 15/02/2021

Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.

Conduct, Culture & Accountability

SEBI Penalises NSE, Former Officials in Colocation Case

By Editors | 12/02/2021

SEBI says NSE failed to ensure fair and equitable access by trading members subscribing to its tick-by-tick data feed system.