REGULATIONS


IANS 30 November 2021
Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in the Kotak Mahindra Bank.   The approval is to raise LIC's stake in the bank up to 9.99 per cent from the current 4.96 per cent it has in the private...

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Moneylife Digital Team 29 November 2021
While lenders harass individual or small borrowers to the point of even releasing the borrowers’ photos to the press for publishing them, it appears that big corporate defaulters are bestowed with immunity from such humiliation. They are a protected species. In fact, Reserve Bank of India...

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IANS 29 November 2021
The Reserve Bank of India has accepted 21 out of the 33 recommendations submitted by an internal working group on the ownership and corporate structure of India's private sector banks.   The internal group was constituted by the central bank on June 12, 2020 to review the extant...

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IANS 26 November 2021
As India and the US prepare to fix an unregulated world of cryptocurrencies, top Swedish financial and environment authorities have called for an European Union (EU)-wide ban on cryptocurrency mining, saying the consumer risks are significant as crypto assets are commonly used for criminal...

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Ranganathan V Ranganathan V 25 November 2021
On 22 November 2021, a scheme of rehabilitation of the Punjab and Maharashtra Cooperative (PMC) Bank has been put out for public comments by the Reserve Bank of India (RBI). The depositors, who were desperately waiting for justice, have been shell-shocked by the terms of the new...

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Sucheta Dalal Sucheta Dalal 25 November 2021
After a long silence and dilly-dallying over regulating cryptocurrencies (cryptos), while tacitly allowing them to spread across India and even target low-income groups, the government is finally rushing to regulate or, maybe, ban cryptos. With just a couple of hurried meetings in November,...

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Moneylife Digital Team 24 November 2021
The Indian government will move a Bill that seeks to prohibit all private cryptocurrencies in the country during the winter session of the Parliament starting on 29th November.   It will be called the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. With the new...

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IANS 20 November 2021
China's market regulator on Saturday fined tech giants Alibaba, Baidu, Tencent and e-commerce platform JD.com Inc and Suning for violating the country's anti-monopoly rules in 34 mergers and acquisitions (M&A) deals which they failed to declare illegal implementation of operating...

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Moneylife Digital Team 19 November 2021
A working group (WG) of the Reserve Bank of India (RBI) has recommended separate legislation to prevent illegal digital lending activities. The WG, headed by Jayant Kumar Dash, executive director (ED) of RBI, also recommended enhancing customer protection and making the digital lending...

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Sucheta Dalal Sucheta Dalal 19 November 2021
Investors are often frustrated at the market regulator’s failure to initiate quick deterrent action, even where the most brazen price manipulation, insider trading and disclosure lapses are actively discussed on the social media. And, yet, for those of us who follow regulatory action closely,...

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IANS 19 November 2021
Sundaram Asset Management Company Limited (Sundaram AMC) on Friday said it has received the regulatory approval to acquire the asset management business of Principal Asset Management Pvt Ltd (Principal India).   Sundaram AMC is a 100 per cent subsidiary of non-banking finance major...

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Moneylife Digital Team 19 November 2021
The Securities Appellate Tribunal (SAT) asks Sahara group company Sahara India Commercial Corporation Ltd and its then directors, including Subrata Roy, to deposit within four weeks Rs2,000 crore with market regulator Securities and Exchange Board of India (SEBI). The market regulator will...

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Moneylife Digital Team 17 November 2021
Market regulator Securities and Exchange Board of India (SEBI) says its SEBI Complaints Redress System (SCORES) platform has more than 4,100 complaints pending, with as many as 29 complaints pending for more than three months (90 days). This is against the average resolution time of 36.8 days...

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Moneylife Digital Team 16 November 2021
The Reserve Bank of India (RBI) has decided to withdraw 104 regulatory instructions and circulars that have become redundant or were duplicated as per the Regulations Review Authority's interim recommendation (RRA).    In a notification, RBI says, "A comprehensive review of the...

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Moneylife Digital Team 15 November 2021
Indian crypto ‘currency’ players are bombarding citizens with advertisements across platforms—doubling down on their marketing spend even when cryptocurrencies are yet to be accepted as legal tender and lack a legal framework and regulatory norms in the country. On Saturday, a meeting chaired...

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Moneylife Digital Team 12 November 2021
Prime Minister Narendra Modi on Friday launched two innovative customer-centric initiatives of the Reserve Bank of India (RBI). The retail direct scheme allows investors to invest in government securities through a free account directly opened with RBI.   The new initiatives from RBI...

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Sucheta Dalal Sucheta Dalal 11 November 2021
Are you missing out on “the biggest financial revolution in modern history which will forever change the way monetary transactions are executed?” Or you may be falling prey to an orchestrated sales pitch by the crypto industry to make a very risky investment.   Research shows that...

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Moneylife Digital Team 11 November 2021
The US Securities and Exchange Commission (SEC) charged Puneet Dikshit, a partner at a global management consulting firm McKinsey & Co, with illegal trading in advance of a corporate acquisition by one of the firm’s clients in September. Mr Dikshit exploited information about his client...

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IANS 11 November 2021
Prime Minister Narendra Modi will launch two innovative customer centric initiatives of the Reserve Bank of India on Friday via video conferencing. These initiatives include the RBI Retail Direct Scheme and the Reserve Bank-Integrated Ombudsman Scheme.   The RBI Retail Direct Scheme...

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Moneylife Digital Team 10 November 2021
Market regulator Securities Exchange Board of India (SEBI) has issued show-cause notices to top executives of National Stock Exchange (NSE) for the 24th February trading halt, says a report.    Quoting people with direct knowledge of the matter, a report from The Economic Times, says,...

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