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India · IndiaThe capital market regulator has said that NRIs will no longer have to notify the names of Clearing Member/s and subsequent assignment of the unique client code -- known as Custodial Participant (CP) Code -- to the NRIs by the exchange.See the Story
SEBI eases investment rules for NRIs in exchange traded derivatives
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Business · IndiaThe Reserve Bank on Wednesday issued revised directions on co-lending arrangements to provide specific regulatory clarity on the permissibility of such arrangements and address some of the prudential as well as conduct-related aspects.Regulated entities, including banks, NBFCs, and All-India Financial Institutions, can enter into a lending arrangement with other REs for extension of credit to the borrowers, subject to compliance with the extant …See the Story
