India

Enforcement

RBI Fines HSBC for Lapses in Unclaimed Deposit Compliance

By Nithya Subramanian | 23/03/2026

The penalty relates to the bank's failure to maintain a searchable database and assign reference numbers for unclaimed deposits.

Capital / Liquidity

India Revamps MSME Credit Guarantee Scheme to Boost Exports

By Nithya Subramanian | 23/03/2026

The revised scheme expands eligibility to the services sector, eases compliance, and introduces targeted incentives for export-oriented firms.

ESG / Sustainability

RBI Backs HDFC Bank Governance Despite Chairman’s Abrupt Exit

By Nithya Subramanian | 20/03/2026

The RBI said it sees no material concerns and approved an interim leadership plan after the part-time chairman resigned citing issues with “values and ethics”.

Securities / Derivatives

India’s IFSCA Flags Compliance Gaps Among Intermediaries in GIFT City

By Nithya Subramanian | 20/03/2026

The regulator has "initiated appropriate regulatory action" in response to lapses in staffing, infrastructure and controls at capital market intermediaries in GIFT City.

Fintech / Regtech

India Steps Up Measures to Combat Fraudulent Loan Apps

By Nithya Subramanian | 20/03/2026

Regulators have launched an official app directory, enhanced enforcement measures, and clarified rules to protect consumers from unauthorised mobile lending platforms.

India’s NFRA Flags Audit Deficiencies at Big Four-linked Firms

By Nithya Subramanian | 19/03/2026

The audit regulator has flagged independence, governance and audit quality lapses at firms linked to PwC, EY, KPMG and BDO, calling for stronger controls and systemic improvements.

India’s IFSCA Proposes New Rules to Build Aircraft Leasing Hub

By Nithya Subramanian | 18/03/2026

Consultation outlines a dedicated regulatory framework for Trust and Company Service Providers and SPVs to develop a leasing ecosystem in GIFT City.

Securities / Derivatives

SEBI Proposes Simpler Nomination Rules for Demat, MF Accounts

By Nithya Subramanian | 18/03/2026

The regulator has suggested default opt-in, fewer nominee details and a cap of four nominees to ease onboarding and reduce unclaimed assets.

Enforcement

Standard Chartered Settles SEBI Case Over FPI Lapses

By Nithya Subramanian | 18/03/2026

The settlement resolves alleged disclosure delays and due diligence lapses in the bank’s role as a depository participant, without admission of guilt.