RBI is intensifying its oversight of cobranded credit cards, a sector that has experienced significant growth. The central bank aims to prevent unregulated companies from using cobranding partnerships as a backdoor entry into the tightly regulated credit card industry.
While the RBI supports the growth of cobranded cards, it seeks to ensure such expansion occurs within a regulated framework. Recent directives require cobranded card issuers to prominently display the name of the issuing bank and prohibit cobranding partners from accessing customer transaction information.
SEBI has issued regulations governing small and medium real estate investment trusts (SM-REITs) focused on income-generating and completed properties, such as commercial assets, rental housing, warehousing, and hotels.
Notable measures include stringent governance standards, eligibility criteria, a ₹20 crore minimum capital requirement for investment managers, and a 5% commitment in every SM-REIT. The minimum subscription size for SM-REIT scheme units is set at ₹10 lakh, with micro-REITs able to list with an asset value ranging from ₹50 crore to ₹500 crore
AMFI has instructed fund houses to conduct stress tests on their mid- and small-cap schemes based on last month’s data and disclose the findings by March 15.
The stress tests will focus on the fund houses’ ability to handle redemption pressure, detect profit-skimming by large investors, and assess the liquidity of mid- and small-cap portfolios.