Category: News in Financial Sector

Sep 11

FIIs unshackled

The Securities and Exchange Board of India’s (SEBI) proposed move to allow foreign institutional investors (FII) to put up Indian government securities, mutual fund units and other domestic financial assets as collateral against their market obligations, on par with domestic investors, is a welcome step. Currently, FIIs are permitted to post only cash and foreign […]
Sep 11

FIIs unshackled

The Securities and Exchange Board of India’s (SEBI) proposed move to allow foreign institutional investors (FII) to put up Indian government securities, mutual fund units and other domestic financial assets as collateral against their market obligations, on par with domestic investors, is a welcome step. Currently, FIIs are permitted to post only cash and foreign […]
Sep 6

SEBI eases KYC norms for FIIs, QFIs

SEBI on Wednesday relaxed the Know Your Clients (KYC) norms for various overseas entities including foreign institutional investors, and has done away with in- person verification requirements for non—individual clients http://www.thehindubusinessline.com/markets/article3862619.ece .
Sep 6

SEBI eases KYC norms for FIIs, QFIs

SEBI on Wednesday relaxed the Know Your Clients (KYC) norms for various overseas entities including foreign institutional investors, and has done away with in- person verification requirements for non—individual clients http://www.thehindubusinessline.com/markets/article3862619.ece .
Sep 5

Invest in MFs, get insurance free

Who does not like freebies? Most of us get attracted to offers like ‘buy two, get one free’, even if such offers are extended to financial products. Here’s the latest entrant. Now, you will get insurance free on investing in some mutual fund schemes. Fund houses like ICICI Prudential Mutual Fund, Reliance Capital Asset Management […]
Sep 3

RBI permits QFIs to hedge currency risk

With a depreciating rupee and a volatile forex market, the Reserve Bank of India has allowed the qualified foreign investors (QFIs) to protect their investment through the hedging mechanism. QFIs can be either foreign individuals, trusts or associations which meet certain SEBI-specified criteria. http://www.thehindubusinessline.com/industry-and-economy/article3851300.ece?homepage=true .
Sep 3

SEBI to launch investor website in 13 languages

Market regulator Sebi is planning to soon offer its investor website in as many as 13 Indian languages, besides the existing one in English, to spread awareness among investors and to help resolve their grievances. http://economictimes.indiatimes.com/markets/regulation/sebi-plans-investor-website-in-13-indian-languages/articleshow/16196629.cms .