Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.
September 25, 2020The bill is aimed at protecting depositors and allows the RBI to restructure a cooperative bank without a moratorium period.
September 22, 2020Non-profit organisations should be allowed to directly list bonds on social stock exchanges housed within existing exchanges such as the BSE or NSE, the SEBI panel suggests.
June 2, 2020Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
May 27, 2020Private companies will be able to list in 'permissible jurisdictions' - likely to include the US, China, Japan, South Korea, the UK, Hong Kong, France, Germany, Canada and Switzerland.
May 19, 2020A $4bn special liquidity scheme will be provided for NBFCs, and the partial credit guarantee scheme already in force is being expanded to also cover non-investment grade NBFC debt.
May 14, 2020Rupee futures and options will offer overseas market participants new onshore tools to hedge their India exposures, reducing their reliance on offshore currency markets.
May 10, 2020The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.
April 2, 2020A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.
March 31, 2020Prompted by a Budget proposal to introduce netting legislation "soon", the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.
February 11, 2020