INDIA

India Releases List of Domestic Systemically Important Banks

By Editors | 02/09/2015

The Reserve Bank of India has designated the State Bank of India and ICICI Bank as Domestic Systemically Important Banks.

India Grants Payments Banks Licenses to Corporates

By Editors | 01/09/2015

The Reserve Bank of India has approved eleven non-financial corporations to become payments banks, a new classification of financial institution that can offer basic banking and payment services.

Crypto / Digital Assets

RBI Calls for Regulation of “Disruptive” Financial Innovation

By Editors | 28/08/2015

RBI Deputy Governor SS Mundra is calling for tighter regulatory frameworks around peer-to-peer (P2P) lending, internet-only banks, crowd funding platforms and cryptocurrency.

India Brings in FATCA, Scraps MAT

By Samuel Riding | 27/08/2015

Domestic tax rules changed to account for US legislation; minimum alternate tax exemption backdated to 2001.

SEBI-FMC Merger Set for September 28

By Editors | 25/08/2015

The Securities and Exchange Board of India has announced new commodity market norms effective from September 28 – the date it has set to merge with the Forward Markets Commission.

State Bank of India Chief Calls for Incentives to Revive Bad Loans

By Editors | 24/08/2015

State Bank of India chief Arundhati Bhattacharya says new measures to tackle bad debt do not help smaller firms while bank capital is prioritised towards meeting regulatory requirements.

India to Relax Rules for Infrastructure Investment Trusts

By Editors | 23/08/2015

The Securities and Exchange Board of India has proposed a relaxation of regulations for infrastructure investment trusts in a bid to help developers unlock capital.

More Time for Commodity Exchanges to Meet New SEBI Guidelines

By Editors | 20/08/2015

Securities and Exchange Board of India chief U.K. Sinha has met with key officials of national and regional commodity exchanges to iron out certain issues related its upcoming merger with the Forward Markets Commission.

SEBI to Assess Compensation Policy at Mutual Funds

By Editors | 18/08/2015

The Securities and Exchange Board of India will start collecting details of salaries paid to employees and top officials at mutual funds to calculate the cost of funds of asset management companies.