All posts tagged "IRDAI"
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445IndiaIndia Brings to Life Unified Regulator for IFSCs
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.
April 29, 2020 -
355Fintech / RegtechSEBI Approves Live Sandbox Testing for Regulated Entities
SEBI-registered entities can test new products, services and business models on a limited set of customers, for a specified period of time, with certain regulatory relaxations.
February 18, 2020 -
322India
India Passes Bill to Establish Unified Regulator for IFSCs
In addition to regulating Gift City, the new authority will be responsible for any other international financial services centre set up in India in the future.
December 17, 2019 -
448Capital RegulationMCA Releases Interim Rules for Handling NBFC Insolvency
The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.
November 20, 2019 -
838Fintech / RegtechRBI Invites First Sandbox Applicants to Test Retail Payments Products
Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.
November 9, 2019 -
497AML / KYCIndia Establishes High Level Panel on AML/CFT
The inter-ministerial committee comprises senior officials from government departments, ministries, law enforcement agencies and regulatory bodies, including the RBI, SEBI and IRDAI.
October 8, 2019 -
671Fintech / RegtechSEBI Publishes Capital Markets Sandbox Framework
SEBI's sandbox framework for capital markets innovation comes just weeks after the RBI released its own sandbox framework for banking and payment services.
May 22, 2019 -
908IndiaIndia to Set Up Unified Regulator for GIFT City Financial Services
A bill to establish a unified regulator to oversee financial services at India's GIFT City has been approved by the country’s cabinet.
February 7, 2019 -
432IndiaRBI Expands List of Eligible Government Bonds Short Sellers
RBI has allowed any entity with approval from a financial regulator to undertake short selling in government securities in addition to the current list of eligible short sellers.
July 30, 2018 -
352Capital RegulationIndia’s IDBI Bank to Receive Lifeline from State-run Insurer
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.
July 2, 2018
