INDIA

Market Infrastructure

RBI to Draft Guidelines for ‘Niche’ Banking

By Samuel Riding | 30/08/2016

India’s central bank aims to move away from universal bank model; boost financial inclusion.

Capital / Liquidity

RBI Issues Directions for NBFC

By Samuel Riding | 28/08/2016

‘Master Directions’ include rules on NBFC accepting client deposits and standalone primary dealers.

Capital / Liquidity

RBI Proposes ‘Large Exposure’ Framework

By Samuel Riding | 26/08/2016

Framework would align exposure norms with BCBS recommendations.

AML / KYC

India, Abu Dhabi Regulators Ink Cooperation Pact

By Samuel Riding | 26/08/2016

SEBI has already signed 22 MoUs with other regulators; sent 44 assistance request to other jurisdictions in 2015/16.

Capital / Liquidity

SBI to Raise $1.6bn in Tier 1 Capital

By Samuel Riding | 26/08/2016

Bank to issue USD- and INR-denominated Basel III-compliant perpetual debt.

Securities / Derivatives

Five India Brokers Sued for Mis-selling

By Samuel Riding | 26/08/2016

Civil cases follow Enforcement Directorate, SEBI investigations into alleged $836mn scam.

AML / KYC

SEBI Eases Trading Restriction on Hundreds of Firms

By Samuel Riding | 24/08/2016

Several companies which had been barred from the securities market can now conduct transactions.

Market Infrastructure

SEBI Loosens Commodity Hedging Limits

By Samuel Riding | 23/08/2016

Norms for client code modifications also liberalised.

Capital / Liquidity

India Regulators Outline Corporate Bond Reforms

By Samuel Riding | 22/08/2016

Steps aim to improve liquidity and boost corporate bond markets.