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Capital / Liquidity
India Makes Additional Funding Available to NBFCs
By Editors | 14/05/2020
A $4bn special liquidity scheme will be provided for NBFCs, and the partial credit guarantee scheme already in force is being expanded to also cover non-investment grade NBFC debt.
Securities / Derivatives
India: Gift City Exchanges Launch First Rupee Derivatives
By Editors | 09/05/2020
Rupee futures and options will offer overseas market participants new onshore tools to hedge their India exposures, reducing their reliance on offshore currency markets.
India: Banks Agree to Extend Loan Moratorium to NBFCs
By Editors | 08/05/2020
RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.
Enforcement
SEBI Initiates Probe into Franklin Templeton Fund Closures
By Editors | 06/05/2020
SEBI is reported looking to determine whether the firm violated rules, breached its fiduciary duty, or failed to act in investors’ best interests.
RBI Grants Banks Additional Time to Submit Regulatory Returns
By Editors | 01/05/2020
The regulator has listed 18 regulatory returns which banks can submit with a delay of a maximum 30 days. No extension is granted for the submission of statutory returns which are required by law.
Capital / Liquidity
RBI Expands Mutual Fund Liquidity Facility to All Banks
By Editors | 30/04/2020
Initially, funding under the special liquidity facility for mutual funds was only available to banks that use the RBI’s liquidity adjustment facility window.
India Brings to Life Unified Regulator for IFSCs
By Editors | 29/04/2020
The new authority can now appoint members and employees, set up funds and apply tax exemptions, but other regulatory and supervisory powers have not yet taken effect.
Securities / Derivatives
RBI Opens New Liquidity Facility for Mutual Funds
By Editors | 27/04/2020
The move follows Franklin Templeton’s decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.
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.
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