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Securities / Derivatives
SEBI Eases Mutual Fund Valuation Norms for Debt Securities
By Editors | 26/04/2020
Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.
Indian Banks Asked to Submit Lending Reports Daily
By Editors | 24/04/2020
The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.
AML / KYC
India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors
By Editors | 19/04/2020
India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb “opportunistic takeovers or acquisitions” of Indian companies.
Capital / Liquidity
RBI Announces New Measures to Counter Covid-19 Disruptions
By Editors | 18/04/2020
The RBI has cut the reverse repo rate, lowered the LCR requirement, restricted dividend payouts, and established new liquidity facilities for NBFCs and microfinance institutions.
Securities / Derivatives
RBI to Open Up Rupee Derivatives for Hedging from 1 June
By Editors | 09/04/2020
Authorised dealers and can allow users to trade rupee derivatives up to USD 10 million notional value outstanding without the need to establish the existence of underlying exposures.
Enforcement
RBI to Establish New Banking Fraud Oversight Division
By Editors | 08/04/2020
The initiative has reportedly been sped up in response to recent frauds at Yes Bank and Punjab National Bank.
Market Infrastructure
RBI Reduces Market Hours to Curb Volatility
By Editors | 06/04/2020
During India’s lockdown, currency, bond and money markets will operate for only 4 hours. SEBI has also brought forward the cut-off times for the mutual fund industry.
AML / KYC
The Four e-KYC Models Around the World
By Claus Christensen | 05/04/2020
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
RBI Grants Exemptions to Small Finance Banks
By Editors | 02/04/2020
Existing small finance banks will not need prior RBI approval to undertake non-risk sharing simple financial service activities or open banking outlets in unbanked rural centres.
Securities / Derivatives
India Further Opens Bond Market to Non-resident Investors
By Editors | 02/04/2020
The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.
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