RBI Fraud Compensation Framework “The strength of a financial system is not measured only by growth, but by how it protects its                                                                                       smallest participant.” – Inspired by Dr. A.P.J. Abdul Kalam The RBI […]

High-Level Committee on Banking Reforms marks an important policy signal from the Government of India, reflecting a clear recognition that India’s banking system must evolve decisively to support the country’s next phase of economic growth. Announced by Finance Minister Nirmala Sitharaman during the Union Budget 2026–27 speech, the committee is expected to review the structural, operational, and regulatory dimensions of India’s banking sector. While the finance minister did not outline the detailed mandate, she emphasised […]

SEBI Order-to-Trade Ratio Framework: Key Changes for Algorithmic Trading Explained SEBI Order-to-Trade Ratio Framework has undergone important modifications that will directly impact algorithmic trading strategies, designated market makers, and trading members across Indian stock exchanges. The Securities and Exchange Board of India has refined the Order-to-Trade Ratio (OTR) regime applicable to algorithmic orders placed by Trading Members (TMs). The revised framework will be effective from April 6, 2026. These changes aim to strike a balance […]

India-US Trade Deal Capital Formation: Why Reduced Uncertainty Matters for Indian Markets India-US trade deal capital formation may receive a meaningful boost as easing trade frictions and regulatory overhangs create a more predictable environment for investors, according to the Chairman of the Securities and Exchange Board of India, Tuhin Kanta Pandey. Speaking at SEBI’s inaugural pan-India outreach programme for corporate bonds in Mumbai, Pandey highlighted a fundamental truth of capital markets: capital formation accelerates when […]

SEBI Fit and Proper Test: SEBI’s Proposed Overhaul Signals a Shift Towards Fair, Principle-Based Regulation SEBI fit and proper test is undergoing a significant rethink as the market regulator proposes sweeping changes to one of the most consequential eligibility frameworks governing market intermediaries in India. In a consultation paper released this week, the Securities and Exchange Board of India acknowledged that certain provisions of its existing ‘fit and proper’ framework may be excessively rigid and […]