INDIA

India’s SEBI Allows Some Brokers to Take Proprietary Positions in FX Trade

By Editors | 23/10/2014

India’s securities regulator said stock brokers that are not with banks can take proprietary positions in currency derivatives as long as they do not exceed 15% of total open interest or not over $50 million.

India Mulls Merging FMC with SEBI to Boost Oversight of Futures Market

By Editors | 04/10/2014

The government is considering a proposal to merge the Forward Markets Commission (FMC) with capital market regulator Securities and Exchange Board of India (SEBI) to improve the oversight of the commodity futures market.

Indian Banks Need Over $200 Billion for Basel III Compliance, Says Fitch

By Editors | 17/09/2014

Indian banks will need more than $200 billion to meet Basel III international banking norms by March 2019, said Fitch Ratings.

India Plans Launch of Municipal Bonds

By Editors | 10/09/2014

The Securities and Exchange Board of India is preparing the ground for the launch of municipal bonds, a popular debt instrument issued by local governments globally.

Indian Banks Units May Face Closure in UK Crackdown

By Editors | 06/09/2014

Foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks with the aim to protect the British economy from a global crises.

New Regulation Joint Venture Aims to Serve India Market

By Editors | 03/09/2014

Regulation Asia and Pivot Management Consulting offer financial regulation coverage, consulting and events.

India’s SEBI to Reserve 25% of IPO for Mutual Funds, Insurers

By Editors | 01/09/2014

The Securities and Exchange Board of India plans to make it mandatory for issuers to reserve 25% of an initial public offering for domestic mutual funds and insurers.

India Plans to Offer Bank Accounts to Households

By Editors | 30/08/2014

India’s state-owned banks are conducting a massive campaign to open millions of accounts for poor Indians who are off the financial grid and vulnerable to black market money lenders.

Indian Large Banks Trim Exposure in Singapore

By Editors | 20/08/2014

India’s large banks are reducing their exposure in Singapore amid tightened regulation and oversight by the Monetary Authority of Singapore of foreign banks.