Region: India

India prepares “private” cryptocurrency ban

India’s parliament is considering a proposal that would prohibit “private” cryptocurrencies, despite industry participants complaining there has been “no clear communication” on what falls under the definition.

09 February 2021

DBS India absorbs Lakshmi Vilas as court rejects shareholder stay plea

The Reserve Bank of India has completed its plan to fold crisis-hit lender Lakshmi Vilas into Singapore’s DBS, after courts in Mumbai and Chennai rejected shareholder pleas to stay the US$335 million merger.

30 November 2020

“This is a bad idea”: RBI faces pushback from ex-governor over bank ownership overhaul

The Reserve Bank of India has proposed allowing large conglomerates to obtain banking licences, a move its former governor has said would allow for self-lending and conflicted ownership structures.

25 November 2020

Reserve Bank of India names new regulatory chief

The Reserve Bank of India has appointed a new deputy governor with responsibility for its regulatory activities, as it faces calls from a former supreme court justice for increased transparency and accountability in its decision-making.

14 October 2020

WhatsApp Pay awaits launch on India’s “world-class” payments system

WhatsApp has received a boost in its quest to launch its payment platform in India after a Supreme Court affidavit filed last week revealed it has complied with data localisation rules, but the Indian central bank is yet to give it the go-ahead.

05 August 2020

Trilegal hires in Mumbai, Tanner De Witt promotes in Hong Kong

The head of Cyril Amarchand Mangaldas’ financial regulation practice Shruti Rajan, and partner Garima Joshi, are joining Indian firm Trilegal in its Mumbai office, while Hong Kong firm Tanner De Witt has promoted a new partner in its banking and finance department.

01 June 2020

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