India

Trading & Investment

SEBI Directs Funds to Trade Corporate Bonds Through Exchanges

By Sanday Chongo Kabange | 23/07/2020

From October, SEBI will require mutual funds to trade at least 10 percent of their corporate bonds through RFQ platforms of stock exchanges to enhance transparency and price discovery.

Credit Risk

India to Privatise Majority of State-owned Banks – Report

By Editors | 22/07/2020

The government is looking to sell majority stakes in state-owned banks, but the plan may not be feasible this financial year due to poor market conditions and rising bad loans.

Trading & Investment

SEBI to Phase In Stricter Stock Trading Margin Norms From December

By Editors | 22/07/2020

The new rules are expected to severely impact intra-day stock trading, which accounts for about 90% of the market volumes in India.

Structural Regulation

RBI Sets Fair Practices Code for Asset Reconstruction Companies

By Duruthu E Chandrasekera | 19/07/2020

The new Code sets out transparent and fair procedures for when asset reconstruction companies acquire assets from banks, along with anti-harassment provisions to protect borrowers.

Capital Adequacy

RBI Directs Banks to Conduct Stress Tests, Raise Capital

By Editors | 14/07/2020

RBI Governor Shaktikanta Das said minimum capital requirements may not be sufficient to absorb losses and maintain financial stability.

Structural Regulation

SEBI Allows Foreign Stock Exchanges to Set Up in Gift City

By Editors | 13/07/2020

Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.

Anti-Money Laundering

New York Regulator Fines Deutsche Bank for AML Failures

By Editors | 08/07/2020

Deutsche Bank has been fined $150mn for its dealings with known sex trafficker Jeffrey Epstein and its correspondent banking relationships with Danske Bank Estonia and FBME Bank.

Structural Regulation

SEBI Finalises Amendments to Investment Adviser Rules

By Editors | 07/07/2020

The final rules increase the net worth, qualification and experience requirements for investment advisers and introduce client-level segregation of advice and distribution activities.

Credit Risk

RBI Asks Banks, NBFCs to Adopt New Classification Norms for MSMEs

By Editors | 03/07/2020

Banks and NBFCs have to classify enterprises as micro, small or medium based on new thresholds for turnover and investment in plant and machinery or equipment.