SEBI Abolishes ₹1 Security Deposit Mandate for Public Issues Introduction: SEBI’s Recent Decision on Security Deposit Mandate The Securities and Exchange Board of India (SEBI) has recently abolished the mandate requiring a ₹1 security deposit for public issues in the Indian stock market. This significant move aims to streamline and simplify the process of public…
SEBI’s New Securitisation Rules: Key Investor Safeguards The Securities and Exchange Board of India (SEBI) has introduced new rules governing securitisation that aim to bolster investor protection and enhance the overall transparency of the market. These regulations, effective from April 2024, come as a critical response to the increasing complexities in the securitisation space and…
RBI Bars Navi Finserv and Three Other NBFCs for Lending Violations The Reserve Bank of India (RBI) has taken decisive action against Navi Finserv and three other Non-Banking Financial Companies (NBFCs) for significant violations of lending norms. This move highlights the RBI’s commitment to maintaining the integrity of the financial sector and ensuring compliance with…
Aviral Jain Joins RBI as Executive Director Introduction to Aviral Jain’s Appointment Aviral Jain has recently been appointed as the Executive Director of the Reserve Bank of India (RBI). This significant development comes at a time when the RBI is navigating complex challenges in the financial sector, particularly with respect to monetary policy and regulatory…
SEBI Imposes ₹12 Lakh Fine on NSE Data and Analytics for Regulatory Violations The Securities and Exchange Board of India (SEBI) has recently imposed a fine of ₹12 lakh on NSE Data and Analytics Limited for a series of regulatory violations. This decision comes in response to the company’s failure to adhere to certain provisions…
SEBI Imposes ₹1 Crore Fine on Jai Anmol Ambani in Reliance Home Finance Case Introduction The Securities and Exchange Board of India (SEBI) recently imposed a fine of ₹1 crore on Jai Anmol Ambani, the son of Mukesh Ambani, in connection with the Reliance Home Finance case. This significant decision raises crucial questions about corporate…
FATF Report on India: Observations and Significance The recent Financial Action Task Force (FATF) report on India has highlighted significant observations regarding the country’s progress in combating money laundering and terrorist financing. The FATF, an intergovernmental organization, aims to develop policies to combat these illicit activities. India’s engagement with the FATF has intensified as the…
RBI Imposes Penalties on UCO Bank and Cent Bank Home Finance Ltd RBI’s Recent Action: Overview In a significant regulatory move, the Reserve Bank of India (RBI) has imposed financial penalties on UCO Bank and Cent Bank Home Finance Ltd. This decision underscores the RBI’s commitment to ensuring adherence to regulatory standards and maintaining the…
Elisa de Anda Madrazo Assumes FATF Presidency for 2024-2026 Elisa de Anda Madrazo has officially taken over the presidency of the Financial Action Task Force (FATF) for the term spanning 2024 to 2026. This prestigious appointment marks a pivotal moment in global financial governance, as Madrazo becomes the first Mexican to lead the FATF. Her…
Bombay High Court Rules Against PSU Banks’ Power to Issue Look Out Circulars In a significant ruling, the Bombay High Court has recently decreed against the authority of Public Sector Undertaking (PSU) banks to issue Look Out Circulars (LOCs). The decision marks a pivotal moment in the realm of banking regulations, potentially reshaping the dynamics…
