India

Supervision & Enforcement

SEBI Enters MOU with Luxembourg Securities Regulator

By Editors | 07/06/2021

The MOU will facilitate mutual assistance, supervisory cooperation, and effective enforcement in the securities markets.

Trading & Investment

SEBI Defers Fund Disclosure Rule by Three Months

By Editors | 04/06/2021

New rules for the disclosure of scheme risk-o-meters, performance and portfolio details will be implemented on 1 September instead of 1 June.

Trading & Investment

SEBI Raises Overseas Investment Limits for Mutual Funds

By Editors | 03/06/2021

The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.

Conduct, Culture & Accountability

RBI Penalises HDFC Over Sale of Non-financial Products

By Editors | 02/06/2021

HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.

Cryptocurrency

2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies

By Sanday Chongo Kabange | 01/06/2021

The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.

Credit Risk

RBI Warns Banks to Prepare for Higher Provisioning

By Manesh Samtani | 31/05/2021

Banks will need to closely monitor their asset quality in the coming quarters, the RBI said in its annual report.

Data Privacy

WhatsApp Files Lawsuit Against India Over Traceability Rules

By Editors | 27/05/2021

The new laws give the Indian government greater power to monitor online activity and require data to be stored in a “traceable” database.

Trading & Investment

SEBI Consults on Framework for New Gold Exchange

By Sanday Chongo Kabange | 18/05/2021

The proposed gold exchange would facilitate trading in so-called ‘Electronic Gold Receipts’, and help to improve transparency and price discovery.

Structural Regulation

RBI Enables Private Banks to Conduct Government Business

By Editors | 18/05/2021

Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.