Securities and Exchange Board of India

    Capital / Liquidity

    India’s IDBI Bank to Receive Lifeline from State-run Insurer

    By Garima Chitkara | 02/07/2018

    India’s insurance regulator has approved the acquisition of a 51% stake in IDBI Bank by Life Insurance Corp, in a deal worth $1.9bn; The bank had more than a quarter of its loan book marked as non-performing at March 2018.

    Securities / Derivatives

    India Mulls Allowing Mutual Funds in Commodities Derivatives – Report

    By Garima Chitkara | 28/06/2018

    Market regulator SEBI discussing whether to allow retail investors to participate in commodity derivatives through mutual funds; may also allow derivatives based on commodity indices.

    Securities / Derivatives

    India Eases Rules For FPI Investment In Corporate Bonds

    By Garima Chitkara | 18/06/2018

    RBI has loosened some restrictions on residual maturity and concentration limits on corporate bond holdings by foreign investors in a bid to boost demand and support the rupee.

    AML / KYC

    GIFT City Exchanges Launch Omnibus Account Structure

    By Manesh Samtani | 14/06/2018

    BSE’s India INX and NSE IFSC have launched the segregated nominee account structure, allowing foreign investors to avoid direct FPI registration and instead trade Indian equities through established intermediaries.

    Market Infrastructure

    SEBI Mulls Allowing Indian Firms to List Shares Overseas

    By Garima Chitkara | 13/06/2018

    Securities regulator considering allowing Indian firms to directly list equity abroad and foreign firms to list in India.

    Securities / Derivatives

    NSE Launches Tri-party Repos on Corporate Bonds

    By Garima Chitkara | 13/06/2018

    Tri-party repo will facilitate greater secondary market liquidity in the India’s corporate bond market; platform will initially allow basket repos with maturities between one and seven days.

    Securities / Derivatives

    SEBI Probes Leaked List of Companies Under Enhanced Surveillance

    By Garima Chitkara | 11/06/2018

    SEBI alleged that a list of 37 companies that were under the regulator’s Additional Surveillance Measure was leaked before the public announcement was made by the BSE.

    Securities / Derivatives

    SEBI Unveils New Requirements for Funds to Boost Retail Investment

    By Garima Chitkara | 07/06/2018

    India’s markets regulators has slashed total expenses by 15 basis points to encourage more retail investors to buy mutual funds; also requiring increased disclosures on fund expenses.

    Fintech / Regtech

    Singapore, India Establish Joint Working Group on FinTech

    By Karen Chiu | 06/06/2018

    Joint working group to foster closer fintech cooperation, including through real-time cross border fund transfers and links between payment system operators.

    Market Infrastructure

    NSE-SGX Dispute Runs Afoul of MSCI

    By Garima Chitkara | 31/05/2018

    MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.

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