India

Credit Risk

RBI Must Disclose Bank Inspection Reports – Supreme Court

By Editors | 03/05/2019

The RBI has been ordered by the India’s highest court to disclose its annual banking inspection report, which contains sensitive commercial information of banks.

Market Abuse

UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case

By Editors | 01/05/2019

NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.

Trading & Investment

India Opens Foreign Investor Access to Municipal Bonds Market

By Editors | 29/04/2019

The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.

Clearing & Post-Trade

SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations

By Editors | 29/04/2019

SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.

Trading & Investment

NSE Raises Margins on Futures, Options with High Open Interest

By Editors | 29/04/2019

The National Stock Exchange of India has raised trading margins required for stock futures and options by up to 300%, depending on market wide position limits.

Structural Regulation

RBI Extends LEI Deadlines for Non-Derivative Market Participants

By Editors | 29/04/2019

Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.

Trading & Investment

SEBI Enables Greater Retail Access to REITs, InvITs

By Editors | 24/04/2019

The regulator has reduced the minimum subscription size and introduced defined trading lots for real estate and infrastructure investment trusts in India.

Cloud & Infrastructure

RBI Unveils Draft Framework for Regulatory Sandbox

By Editors | 19/04/2019

The framework details a comprehensive selection process to identify 10-12 entities to participate in the sandbox, including a 5 million rupee minimum net worth requirement.

Fraud, Scams & Cybercrime

Deloitte Indian Unit Under Investigation in IL&FS Case

By Editors | 16/04/2019

A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.