Entries by Rhea Shah

Classification of fraud and reporting

April 14, 2023 /0 Comments/in , , /by

Should borrower be given an opportunity of being heard? -Rhea Shah, Executive | rhea@vinodkothari.com Background A recent ruling of the Supreme Court placed emphasis on the classification of an account as fraudulent and the consequences thereof. The ruling is in favour of incorporating the principles of natural justice during the process of declaring an account […]

Base Layer NBFCs amenable to NSI or SI regulations?

March 9, 2023 /1 Comment/in , , , /by

Rhea Shah, Executive | finserv@vinodkothari.com Background Prior to the implementation of the SBR Framework, NBFCs were classified into Systemically Important (SI) and Non-Systemically Important (NSI) on the basis of the overall risk involved in their operations and the economic importance of the operations that they undertake. NBFCs with asset size upto 500 crores were classified […]