India

Liquidity Risk

India Approves Special Liquidity Scheme for NBFCs

By Editors | 01/07/2020

An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.

Data Privacy

India Bans Chinese Apps, Citing Data Privacy Issues

By Editors | 30/06/2020

India has banned 59 of China’s biggest mobile phone apps including TikTok and WeChat, saying they breach data privacy requirements and threaten the country’s security.

Structural Regulation

India Brings Cooperative Banks Under RBI Oversight

By Editors | 29/06/2020

Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.

Trading & Investment

SEBI Allows Exchanges to Penalise Excessive Algo Orders

By Editors | 29/06/2020

On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.

Trading & Investment

SEBI Issues Operational Framework for Trading Distressed Debt

By Editors | 28/06/2020

From 1 July, the new operational framework will lift restrictions that have to date prevented trading in debt securities that have defaulted on redemption.

Structural Regulation

SEBI Eases Fundraising Rules for Stressed Listed Companies

By Editors | 27/06/2020

SEBI has relaxed pricing rules for preferential issues to make it easier for listed companies to raise new funds. Similar relaxations for stressed companies were also announced.

Structural Regulation

RBI Issues Guidelines on Use of Digital Lending Platforms

By Editors | 26/06/2020

Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.

Trading & Investment

BSE India Launches World’s First Almond Futures

By Editors | 24/06/2020

The new contract will enable transparent price discovery, ease trade for buyers and sellers, and allow producers and importers to hedge price risk.

Structural Regulation

India to Restrict Foreign Ownership of Pension Funds

By Editors | 23/06/2020

Under draft rules, government approval will be required for investment in an Indian pension fund from land-border countries including China; a 49% cap is proposed for other foreign investors.