KB Kookmin and KEB Hana have three months to submit plans for reducing their China corporate bodies' reliance on support from their Korean parents.
Transactions involving digital tokens or cryptocurrencies that function or are intended to function as a medium of exchange will be exempt from GST.
Punjab National Bank says Bhushan Power & Steel misappropriated bank funds and manipulated its books to raise funds from lenders.
Regulators have reportedly found ICBC's Shanghai branch deputy head to be in violation of regulations related to fundraising and buying wealth management products.
Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.
The trades involved overnight bond repo transactions in the interbank market at prices below normal market rates.
Existing tax incentives have been extended to 10 years from 5 years. New exemptions for dividend distribution tax and alternate investment funds also proposed.
The government announced a fresh capital infusion for state banks, credit guarantees on NBFC assets, and stronger supervisory powers for the RBI.
The Shanghai Stock Exchange has said the first batch of listings on the new science and technology innovation board will start trading on 22 July.
Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.