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The Hindu
05-07-2025
- Business
- The Hindu
Jane Street a surveillance issue, market manipulators will not be tolerated: SEBI Chief
A day after the markets regulator passed an interim order banning JS Group for market manipulation, the Chief of Securities and Exchange Board of India (SEBI) Tuhin Kanta Pandey said that it was an issue of surveillance and continuous tracking is being done. He was speaking on the sidelines of an event organised by the Bombay Chartered Accountants' Association. 'We have effectively increased surveillance, both at the exchange less level as well as at SEBI. So this is basically a surveillance issue and I think we are keeping track of, more closely,' said Mr. Pandey. ' All I can say is that market manipulation is not going to be tolerated,' he said responding to queries regarding the increasing number of Foreign Portfolio Investors (FPIs) setting up shop in India in the same fashion as Jane Street. comments comes a day after the markets regulator passed an interim order on the US-based FPI for manipulating Bank Nifty index. Securities and Exchange Board of India (SEBI) had banned U.S.-based investment firm Jane Street from Indian securities markets for manipulating index and unlawfully earnings about ₹4,800 crore, according to an order on July 3 2025.
India Gazette
02-07-2025
- Business
- India Gazette
India's 10-year bond yield likely to soften, to trade between 6.25%-6.35% in July: BoB Report
New Delhi [India], July 2 (ANI): India's 10-year government bond yield is expected to trade with a softening bias in the range of 6.25-6.35 per cent during the current month, according to a recent report by Bank of Baroda. The report highlighted that several domestic and global factors are influencing the movement of yields. It stated 'we expect India's 10Y yield to trade with a softening bias in the range of 6.25-6.35 per cent in the current month'. Globally, yields have been affected by increased risk aversion due to the geopolitical tensions in the Middle East. As a result, yields in major advanced economies (AEs), including the US and UK, are also moving with a softening trend. In the US, weak macroeconomic indicators, especially a cooling labour market, have raised hopes of a more relaxed monetary policy in the near term. In India, however, the 10-year bond yield has shown a marginal upward bias, despite a dovish monetary policy stance by the Reserve Bank of India (RBI). The report suggested that market expectations might have already priced in the frontloaded rate hikes by the RBI, as reflected in the Overnight Indexed Swap (OIS) rates. Another factor contributing to the stiffening of yields in India is the higher outflows from Foreign Portfolio Investors (FPIs), especially through the Voluntary Retention Route (VRR) and Fully Accessible Route (FAR). These outflows are partly due to a narrower interest rate differential between India and the US. The report also observed a steepening bias in the yield curve, with the longer-end of the curve (13 years and above) witnessing upward momentum. However, the report noted that some correction is likely going forward. The long-term yields are expected to remain stable due to supportive global and domestic macroeconomic conditions, such as falling inflation and favorable liquidity. On the liquidity front, RBI's announcement of Variable Rate Reverse Repo (VRRR) operations signals a move toward normalization, aiming for a 1 per cent Net Demand and Time Liabilities (NDTL) surplus. The recent extension of call money market hours has also been described as a positive step to enhance market liquidity and help align the operating target more closely with the repo rate. Due to the above reasons, the report expects India's 10-year bond yield to trade with a softening bias in the 6.25-6.35 per cent range in July, supported by easing inflation, better liquidity, and global market cues. (ANI)
Time of India
18-06-2025
- Business
- Time of India
Govt bond push: Sebi eases compliance rules for G-Sec FPIs, KYC norms and disclosure timelines relaxed
In a move aimed at boosting long-term foreign investment in Indian debt markets, Sebi on Wednesday approved several compliance relaxations for Foreign Portfolio Investors (FPIs) that invest exclusively in Indian government securities (G-Secs). The decision, taken at the regulator's board meeting, is expected to simplify onboarding, reduce paperwork, and improve ease of doing business for these investors at a time when global interest in India's debt market is rising. 'With an objective to enhance ease of doing business through a risk-based approach and optimum regulation, the board approved the proposal to relax certain regulatory requirements for all existing and prospective FPIs that exclusively invest in G-Secs,' Sebi said in a statement, PTI reported. Currently, FPIs invest in Indian debt through the General route, the Voluntary Retention Route (VRR), and the Fully Accessible Route (FAR). Both FAR and VRR allow investments with minimal restrictions. As part of the new measures, Sebi said KYC review timelines for G-Sec FPIs will now be aligned with Reserve Bank of India (RBI) norms, resulting in fewer periodic compliance requirements. Moreover, those investing via the FAR route will no longer need to disclose investor group details. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Поза во сне может многое рассказать о вашем характере! Удивительные Новости Undo The regulator also decided to allow Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Resident Indian individuals to be part of such government securities-focused FPIs (GS-FPIs), without the restrictions that typically apply to other FPI categories. However, existing rules under the Liberalised Remittance Scheme and limits for global funds with less than 50% Indian exposure will continue to apply. In another easing of norms, Sebi set a uniform 30-day window for reporting all material changes by such investors, replacing the current requirement that varies between 7 and 30 days depending on the type of change. Sebi said these changes would apply during onboarding and any future transition between GS-FPI and other FPI categories, subject to conditions that may be specified by the regulator. India's inclusion in global bond indices such as those by JP Morgan, Bloomberg, and FTSE is expected to draw greater foreign interest in G-Secs. According to Sebi data, FPI investment in FAR-eligible bonds had already crossed Rs 3 lakh crore ($35.7 billion) by March 2025. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
18-06-2025
- Business
- Hans India
Sebi likey to take up key reforms today
Mumbai: Markets watchdog Sebi's board is likely to discuss a series of regulatory reforms during its upcoming meeting under the chairmanship of Tuhin Kanta Pandeyon Wednesday. One of the key agenda items is the simplification of rules and regulatory compliance for Foreign Portfolio Investors (FPIs) investing exclusively in Indian Government Bonds (IGBs) through the Voluntary Retention Route (VRR) and the Fully Accessible Route (FAR). This move is aimed at attracting more long-term bond investors to the Indian market, people aware of the development said. Currently, foreign investors can invest in Indian debt through three routes – General, VRR, and FAR. The VRR and FAR routes are comparatively liberal, as they allow investments without many of the restrictions, such as security-wise or concentration limits that apply under the General route.
Time of India
17-06-2025
- Business
- Time of India
Sebi board to meet on Wednesday to discuss regulatory reforms
Markets watchdog Sebi's board is likely to discuss a series of regulatory reforms during its upcoming meeting on Wednesday. Several of these proposals have already been floated for public consultation, indicating a broader push towards refining the regulatory landscape. This would mark the second board meeting under the chairmanship of Tuhin Kanta Pandey , who assumed office on March 1. One of the key agenda items is the simplification of rules and regulatory compliance for Foreign Portfolio Investors (FPIs) investing exclusively in Indian Government Bonds (IGBs) through the Voluntary Retention Route (VRR) and the Fully Accessible Route (FAR). This move is aimed at attracting more long-term bond investors to the Indian market, people aware of the development said. Currently, foreign investors can invest in Indian debt through three routes-- General, VRR, and FAR. The VRR and FAR routes are comparatively liberal, as they allow investments without many of the restrictions, such as security-wise or concentration limits that apply under the General route. Live Events To further streamline this, Sebi proposed creating a new FPI category, IGB-FPIs, focused solely on government bond investments, according to the consultation paper issued last month. Under this, the regulator recommended easing registration and other compliance requirements for these entities. Notably, Sebi suggested that IGB-FPIs should be exempt from disclosing investor group details, since bond investments under VRR and FAR are not subject to such caps. Typically, FPIs are required to disclose their group structures for monitoring investment limits, but this requirement may no longer apply to IGB-focused investors. In addition, the board may discuss a proposal to rationalise the content of the placement document of Qualified Institutions Placement (QIP) by prescribing only the relevant information regarding the issue, people aware of the development said. Presently, in QIPs, the issuer is required to disclose the details in the placement document as prescribed under the ICDR (Issue of Capital and Disclosure Requirements) norms. The board of Sebi may review a proposal on providing flexibility to alternative investment funds to offer co-investment opportunities to investors within the AIF structure, they added. Co-investment, in AIF industry parlance, refers to the offering of the investment opportunity to the investors for additional investment in unlisted securities of an investee company, where an AIF is also making or has made the investment. PTI
