All posts tagged "HDFC"
-
305Fintech / RegtechIndian Banks to Develop Blockchain System for LCs
The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021 -
299EnforcementRBI Penalises HDFC Over Sale of Non-financial Products
HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.
June 3, 2021 -
2.3KAML / KYCIndia to Tighten KYC Rules for Hong Kong, China FPIs
Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
May 27, 2020 -
804AML / KYC
India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors
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.
April 19, 2020 -
716AML / KYCSEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs
Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.
April 16, 2020 -
486Capital RegulationIndia’s Cabinet Green Lights Yes Bank Rescue Plan
State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank's equity. The bank's moratorium will be lifted on Wednesday.
March 16, 2020
