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, 2019RBI 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, 2018India’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, 2018Joint working group to foster closer fintech cooperation, including through real-time cross border fund transfers and links between payment system operators.
June 6, 2018