NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.
May 8, 2022Banks that expand priority sector credit and inclusive financing beyond certain thresholds can reduce their statutory reserve requirements.
March 7, 2022The FSC will adjust the evaluation criteria it uses to assess banks' tech financing performance to promote more lending to innovative SMEs.
December 1, 2021Frontline staff with more positive perceptions of customer and conduct outcomes had incentives that emphasised both financial and non-financial factors.
November 24, 2021Preliminary observations from the review show that banks are increasingly considering both financial and non-financial factors when designing incentive systems.
November 22, 2021To act as market makers, stockbrokers and merchant banks would need INR 100 million in additional net worth over-and-above their existing obligations.
November 21, 2021The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.
October 21, 2021The draft rules require investment banking intermediaries to strengthen risk control and strictly prohibit the use of below-market pricing to win business.
September 30, 2021A "long, complex value chain" of intermediaries between fund managers and retail investors raises the potential for conflicts of interest.
September 27, 2021Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.
June 23, 2021