India

Capital / Liquidity

China’s Banks Have Strongest Credit Profile Among BRICS – Moody’s

By Editors | 23/10/2018

Chinese banks have the lowest ratio of problems loans among BRICS nations, whereas Indian banks suffer from weak asset quality and profitability.

Capital / Liquidity

RBI Eases Liquidity Norms to Support Non Bank Financing Sector

By Garima Chitkara | 22/10/2018

The RBI has increased the carve out for government securities used in LCR computations against statutory liquidity ratios, and increased the lending ceiling to a single NBFC.

Fintech / Regtech

RBI Issues Guidelines Enabling Interoperability Between Payment Systems

By Manesh Samtani | 17/10/2018

E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.

Capital / Liquidity

RBI Releases Governance, Capital Criteria for CCPs

By Garima Chitkara | 16/10/2018

Foreign CCPs need to adhere to the same governance and capital requirements as domestic CCPs to apply for authorisation from the RBI.

Securities / Derivatives

NSE India Launches Commodity Derivatives Segment

By Editors | 15/10/2018

NSE is the second stock exchange in India to offer commodity trading; licensing agreement will see the exchange use LSE prices for settling various commodity futures contracts.

Securities / Derivatives

India Permits Commodity Derivatives Trading by Foreign Investors

By Editors | 10/10/2018

Trading limits will be based on foreign investors’ actual exposure to India’s commodity markets, which needs to be verified and monitored by brokers and exchanges.

Securities / Derivatives

India Proposes New Route for Foreign Investors in Debt Markets

By Garima Chitkara | 08/10/2018

Under the ‘Voluntary Retention Route’, FPIs will be exempt from current caps and concentration limits provided they voluntarily commit to long-term investment in Indian debt.

Market Infrastructure

BSE’s India INX Enables Access to CME Group of Exchanges

By Editors | 05/10/2018

New ‘Global Access’ platform enables access to cash and derivatives markets on international exchanges; connectivity with CME Group exchanges already established.

Capital / Liquidity

India Govt Seizes Control of Troubled Lender to Reassure Markets

By Manesh Samtani | 04/10/2018

The government has appointed a new board to revive the systemically-important infrastructure financier IL&FS and committed to ensuring liquidity to prevent further defaults.