INDIA

Fintech / Regtech

NPCI Overhauls India’s UPI System to Boost Security

By Nithya Subramanian | 11/06/2025

From 1 August, the NPCI will roll out new API usage rules for banks and payment apps to improve system stability, efficiency and security.

Market Infrastructure

India Proposes Further Regulatory Overhaul at GIFT City

By Nithya Subramanian | 11/06/2025

Revised proposals introduce clearer participant classification, lower net worth thresholds and tighter client protection norms.

Capital / Liquidity

RBI to Discontinue Daily VRR Auctions as Bank Liquidity Improves

By Editors | 10/06/2025

The central bank is ending daily liquidity injections via VRR auctions in response to data showing that banking system liquidity is now in surplus.

Market Infrastructure

SEBI Warns NSDL Over IPO Lapses and Monitoring Gaps

By Nithya Subramanian | 10/06/2025

The first letter concerns securities failing to appear in some investors’ demat accounts on the day of IPO allotments. The second concerns cyber alert monitoring.

AML / KYC

IFSCA Updates AML/CFT and KYC Guidelines for Regulated Entities

By Nithya Subramanian | 10/06/2025

GIFT City regulated entities must retrieve identifiers from the Central KYC Records Registry instead of requesting duplicate documents from customers.

Securities / Derivatives

MCX Gets SEBI Nod to Launch Electricity Derivatives

By Nithya Subramanian | 09/06/2025

The new contract will help power producers, distribution companies, and large consumers manage price volatility and financial risks.

Capital / Liquidity

RBI Eases Gold Loan Guidelines for Small Borrowers

By Nithya Subramanian | 09/06/2025

The RBI has removed credit appraisal requirements for small borrowers. while the LTV ratio for loans up to INR 250,000 is 85%,

AML / KYC

Credit Bureaus Seek RBI Permission to Use Aadhaar for Client Mapping

By Nithya Subramanian | 08/06/2025

The use of Aadhaar numbers is expected to enhance credit reporting accuracy and reduce identity fraud, though some argue the problem lies in operational issues.

ESG / Sustainability

SEBI Unveils New Framework for ESG Debt Securities

By Nithya Subramanian | 06/06/2025

The framework aims to boost transparency and standardisation in the ESG debt market and curb “purpose-washing”.