India

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.

Enforcement

RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay

By Editors | 02/10/2018

Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.

Securities / Derivatives

BSE India Commences Commodity Derivatives Trading

By Editors | 02/10/2018

The BSE has become the first stock exchange in India to offer commodity trading as it launches futures contracts in gold and silver.

Enforcement

RBI Consults On Market Abuse Prevention Rules

By Garima Chitkara | 01/10/2018

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

Capital / Liquidity

RBI Tweaks Norms to Ease Bank Liquidity Crunch

By Editors | 28/09/2018

The central bank has increased the amount of government securities banks can put towards meeting LCR requirements.

Capital / Liquidity

India’s Regulators Attempt to Calm Credit Market Jitters

By Garima Chitkara | 26/09/2018

RBI, SEBI and the Indian government assured markets they will step in to fill any NBFC liquidity gaps after a recent default by an infrastructure financing firm.

AML / KYC

SEBI Relaxes KYC Norms for Indian Beneficial Owners of FPIs

By Editors | 26/09/2018

The latest circular allows Indians living overseas to hold only a non-controlling stake in an FPI entity, but permits them to fully control the investment manager in charge of its assets.

Market Infrastructure

Expanding the Custodian’s Role in Settlement for India’s HNIs

By Viraj Kulkarni | 25/09/2018

SEBI should mandate settlement of HNI trades through custodians to de-risk and expand India’s capital markets, says Viraj Kulkarni at PIVOT Management Consulting.