India

Trading & Investment

RBI to Allow Non-Residents to Trade Interest Rate Derivatives

By Editors | 07/04/2019

Under draft rules, non-resident retail investors can hedge through interest rate derivatives; non-retail investors can participate for other specified purposes.

Credit Risk

RBI to Draw Up New Guidance on Bad Debt Resolution

By Editors | 05/04/2019

The central bank will have to issue a revised circular for banks on bad debt resolution after a February 2018 circular was invalidated by the Supreme Court this week.

Credit Risk

RBI Large Exposures Framework Takes Effect

By Editors | 04/04/2019

The RBI has issued a notice on its large exposures framework, which is now in effect, clarifying that non-cleared derivatives will be considered outside its remit for another year.

Structural Regulation

SEBI Proposes SRO Nomination Plan for Mutual Fund Distributors, Advisers

By Editors | 02/04/2019

A consultation proposes the creation of a nomination committee comprising external experts to recommend a self regulatory organisation for mutual fund distributors and advisers to curb mis-selling.

Trading & Investment

NSE, SGX Reach Agreement on India Derivatives

By Editors | 01/04/2019

NSE and SGX have reportedly finalised an agreement that will enable SGX to offer trading in Nifty derivatives to Singapore investors through a special purpose vehicle operating as a broker at GIFT City.

Credit Risk

Vijaya, Dena Banks Start Operating as Bank of Baroda Branches

By Editors | 01/04/2019

The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.

Payments & Settlements

SEBI Updates Disaster Recovery Guidelines for Market Infrastructures

By Editors | 01/04/2019

Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure ‘zero data loss’

Fraud, Scams & Cybercrime

India’s PNB Fined for Non-Compliance with SWIFT Norms

By Editors | 27/03/2019

The fine is significant because it was at Punjab National Bank where the $1.8b fraud occurred that prompted the RBI’s order for banks to link their core systems with SWIFT.

Trading & Investment

SEBI Amends Norms on Mutual Fund Commissions, Disclosures

By Editors | 27/03/2019

SEBI has set a cap on up-fronting of trail commissions and amended disclosure rules to “protect the interests of investors.”