INDIA

India Exempts Smaller Rural Banks from FATCA

By Editors | 03/02/2015

The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.

India’s SEBI to Urge Cash-Rich Firms to Pay Dividends

By Editors | 28/11/2014

The Securities and Exchange Board of India said it plans to ask listed cash-rich companies to pay shareholder dividends, and adopt the practice as part of company policy.

India’s SEBI Aligns Offshore Derivative Rules

By Editors | 25/11/2014

The Securities and Exchange Board of India is revising the rules for offshore derivative instruments (ODIs) to bring them in line with the country’s foreign portfolio investment norms.

India’s SEBI Withdraws Recognition to Delhi Stock Exchange

By Editors | 20/11/2014

The Securities and Exchange Board of India has withdrawn the recognition granted to the Delhi Stock Exchange (DSE) in the wake of “serious irregularities” in the functioning of the bourse.

India’s SEBI Approves New Insider Trading Rules

By Editors | 20/11/2014

India’s market regulator has approved tougher insider trading rules to promote transparency in the country’s stock market.

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.