India

AML / KYC

India Clarifies KYC Verification Responsibility for Central Registry Users

By Sanday Chongo Kabange | 30/12/2025

The RBI has clarified that the last institution to upload data to the central KYC records registry is responsible for verification.

Fintech / Regtech

India Mandates New Digital Banking Standards for GIFT City Units

By Editors | 30/12/2025

The IFSCA has set a June 2026 deadline for existing banking units to upgrade their internet banking platforms or face restrictions.

Securities / Derivatives

SEBI Amends Rules for Basic Demat Accounts to Lower Investor Costs

By Sanday Chongo Kabange | 29/12/2025

The changes make the low-cost account a default option for eligible investors and clarify valuation rules for illiquid securities.

Securities / Derivatives

Indian Exchanges Bar Brokers From Distributing Third-Party Loans

By Sanday Chongo Kabange | 29/12/2025

The move clarifies rules for brokers also registered as research analysts, aiming to curb investor leverage and prevent conflicts of interest.

Fintech / Regtech

India Accounting Body Proposes Overhaul of Tech and Cyber Audit Rules

By Editors | 29/12/2025

ICAI has released comprehensive draft standards focusing on cybersecurity, data protection, and third-party risk.

Fintech / Regtech

India to Curb UPI Payment Features Over Fraud Concerns

By Editors | 26/12/2025

India's NPCI is set to limit the 'Collect' and 'Autopay' functions to combat fraud and misleading charges.

Securities / Derivatives

India Seeks Global Asset Freeze in Alleged INR 50 bn Forex Fraud

By Editors | 26/12/2025

Authorities have issued an Interpol notice and are coordinating with the FBI and Europol in a probe into unauthorised trading platform OctaFX.

Market Infrastructure

RBI Defers Implementation of Tighter Cheque Clearing Rules

By Editors | 26/12/2025

The RBI has deferred a plan to impose a three-hour deadline for cheque processing, citing banks' operational needs

Securities / Derivatives

Indian Lenders Ask RBI to Curb Surging Hedging Costs - Report

By Editors | 24/12/2025

Banks seek regulatory relief from the Large Exposures Framework as the cost of hedging US dollar exposure nears a seven-year high.