Author Archive for: Staff
Entries by Staff
A comprehensive framework for compromise settlement and technical write offs
Dayita Kanodia | Executive finserv@vinodkothari.com The first bad bank loan was, no doubt, made around the time as the opening of the first bank. James Grant[1] Background RBI released the Framework for Compromise Settlements and Technical Write-offs[2] (Framework) on June 8 2023. This framework, issued exactly four years after the release of the Prudential Framework […]
Regulatory Framework for Base Layer NBFCs
-Team Finserv | finserv@vinodkothari.com
Digital lending Balloon: Navigating the path to growth
-Dayita Kanodia, Executive finserv@vinodkothari.com “Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” – Chris Skinner[1] Unprecedented growth of the sector From pawnbrokers lending money in exchange for collateral to the use of sophisticated technologies to carry out credit underwriting, the landscape […]
Shorn of tax benefit, MLDs now face tax deduction on payouts
Dayita Kanodia | Executive finserv@vinodkothari.com Background The Finance Bill, 2023[1], has quite nearly caused the demise of the so-called “Market-Linked Debentures” (MLDs)[2]. The changes made pursuant to the Finance Bill, 2023, took away what seemed to be a strong reason for popularity of MLDs, i.e., the tax arbitrage. Prior to the change, listed MLDs had […]
Financing transition from “brown” to “green”
SEBI prescribes additional requirements for transition bonds – Mahak Agarwal, Executive | corplaw@vinodkothari.com Need for transition finance As climate change and its impacts continue to remain one of the major concerns of any economy, transition finance is a step towards effectively transforming carbon emissions and combating climate change. ‘Transition Bonds’, as the word speaks for […]
Impact of Artificial Intelligence in the Lending Ecosystem
-Dayita Kanodia, Executive | finserv@vinodkothari.com “It is the quality of lending over the quantity of lending” -Lewis Thompson Preston Banking everywhere but never at a bank[1] Disbursement in the Indian lending market witnessed a growth of 11 percent and reached Rs.174 trillion in FY22, compared to Rs.11.4 trillion in FY17, with a record growth […]
RBI regulates outsourcing of IT Services by financial entities
-Anirudh Grover, Executive | finserv@vinodkothari.com 1. Introduction With the penetration of the internet in India, newer and more efficient technologies are being built and these dynamic technologies are being leveraged by various sectors of the economy, and the financial sector is one of them. Financial institutions have extensively been outsourcing their IT services requirements to […]