Reserve Bank of India

Securities / Derivatives

SEBI Directs AMCs to Stop Channelling Funds into Overseas ETFs

By Ajoy K Das | 26/03/2024

AMCs have to stop accepting money from investors to invest in overseas ETFs as an existing $1bn investment limit is close to being breached.

Fintech / Regtech

India to Begin Work on Interoperable Online Banking Payments

By Ajoy K Das | 26/03/2024

NBBL, large banks and fintechs in talks to start work on the new platform next month.

Market Infrastructure

RBI Finalises New Framework for SROs of Regulated Entities

By Ajoy K Das | 26/03/2024

The RBI will start receiving applications from entities seeking to gain recognition as self-regulatory organisations for each regulated entity sector.

Enforcement

RBI to Conduct Audits of IIFL Finance, JM Financial Products

By Ajoy K Das | 25/03/2024

The RBI is looking to conduct special audits of IIFL Finance and JM Financial Products, which were both hit with business restrictions earlier this month.

Securities / Derivatives

SEBI Approves Proposal to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 20/03/2024

SEBI also approved a proposal to require AIFs to carry out specific due diligence of their investors and investments, to enhance trust in the AIF system.

Capital / Liquidity

RBI Tightens Scrutiny of High-Risk Lending Models

By Ajoy K Das | 19/03/2024

The RBI is scrutinising mortgage top-up loans, algorithm based credit models, and co-lending arrangements.

Securities / Derivatives

India: Five PSBs Required to Dilute Government Stake by August

By Ajoy K Das | 15/03/2024

Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.

Securities / Derivatives

New Regulatory Framework for Index Providers Takes Effect in India

By Ajoy K Das | 14/03/2024

Index providers that administer significant indices consisting of India-listed securities for use in the Indian market have six months to register.

Securities / Derivatives

SEBI Bars JM Financial from Acting as Lead Manager

By Ajoy K Das | 12/03/2024

SEBI said JM Financial engaged in practices which have a “detrimental effect” on the orderly functioning of the market.