India

    Payments & Settlements

    SEBI to Stop Use of Pool Accounts for Mutual Fund Transactions

    By Editors | 10/10/2021

    From 1 April 2022, investor money should be directly credited to the bank account of the mutual fund scheme when an investor purchases units.

    Trading & Investment

    SEBI Proposes Adjustments to IPO Book Building Framework

    By Ranamita Chakraborty | 06/10/2021

    SEBI says some issuers have been setting “extremely narrow” price bands to camouflage fixed price issues as book built issues.

    Resolution & Recovery

    UPDATED – RBI to Initiate Insolvency Proceedings at Two NBFCs

    By Editors | 06/10/2021

    Srei Infrastructure Finance and Srei Equipment Finance owe about INR 180 billion in loans to about 15 banks and INR 100 billion in external borrowings and bonds.

    Resolution & Recovery

    RBI Removes Indian Overseas Bank From PCA Framework

    By Editors | 03/10/2021

    The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.

    Capital Adequacy

    SEBI to Raise Net Worth Requirements for Market Intermediaries

    By Editors | 02/10/2021

    SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.

    Trading & Investment

    SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

    By Editors | 01/10/2021

    SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.

    Credit Risk

    RBI Finalises Guidelines on Loan Sales, Securitisation

    By Ranamita Chakraborty | 30/09/2021

    The new master directions will help develop India’s securitisation market and help lenders remove loan exposures from their books.

    Clearing & Post-Trade

    Open Letter from FPIs to SEBI on T+1 Settlement

    By Editors | 30/09/2021

    ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.

    Operational Risk

    SEBI Updates Risk Management Framework for Mutual Funds, AMCs

    By Editors | 30/09/2021

    Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.

    Structural Regulation

    RBI Amends FX Rules for Exports to Facilitate LIBOR Transition

    By Editors | 29/09/2021

    Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.

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