Entries by Staff

Impact of Artificial Intelligence in the Lending Ecosystem

April 15, 2023 /0 Comments/in /by

-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

April 13, 2023 /1 Comment/in , /by

-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 […]

A Critical Analysis on Corporate Guarantees under Service Tax and GST

April 12, 2023 /0 Comments/in , /by

Dayita Kanodia, Executive | finserv@vinodkothari.com “The Supreme Court’s only armour is the cloak of public trust; its sole ammunition, the collective hopes of our society.” – Irving R. Kaufman Background The Supreme Court has ruled that service tax will not be levied on corporate guarantees by a parent company to its subsidiaries where there is […]