Implementation of Compliance Function by NBFC-ML
Eliza Bahrainwala, Executive| eliza@vinodkothari.com Our related resources on the topic:- Our Resource Centre on SBR:
Author Archive for: finserv
Entries by Team Finserv
Operation of Pre-sanctioned credit lines at Banks through UPI
Eliza Bahrainwala, Executive | eliza@vinodkothari.com
Display of information on repossession under SARFAESI
– Eliza Bahrainwala, Executive, finserv@vinodkothari.com
Defaulters at will, and defaulters of size: RBI proposes new Directions
Middle and Upper Layer NBFCs also part of the system Team Finserv, finserv@vinodkothari.com (updated as on March 30,2024) Introduction The Reserve Bank of India on September 21, 2023 has issued the Draft Master Directions on Treatment of Wilful Defaulters and Large Defaulters (‘Proposed Directions’). The Directions, when finalized, will replace the existing Master circulars (referred […]
Workshop on Cashflow modelling and structuring Securitisation and pool transfers
Register Here: https://forms.gle/dmzuWFjxp8sL3VR4A
Responsible Lending Conduct – Release of Movable/Immovable Property Documents on Repayment/Settlement of Personal Loans
– Eliza Bahrainwala & Shreshtha Barman, finserv@vinodkothari.com Our resources related to the topic:
UPIs become virtual credit cards: A game changer in credit delivery
– Vinod Kothari & Abhirup Ghosh | finserv@vinodkothari.com The recent notification[1] by the RBI permitting banks to provide pre-sanctioned credit facilities to be used by Unified Payment Interface (UPI) is a game changer. The full dimensions of this new mode of extending credit will possibly take some time to develop or demonstrate, but clearly, as […]
Full Day Workshop on NBFCs: Recent Regulatory Changes
Register Here – https://forms.gle/KHUzQtf868LihCPA7 (Early Bird Rates upto 02 September)
Loan Penal Charges: Accounting and GST implications
Abhirup Ghosh, Qasim Saif & Aanchal Kaur Nagpal | finserv@vinodkothari.com Background Levying of penal charges or late payment charges are claimed as ‘just’, owing to the underlying breach of contract under the Contract Act, 1972. A breach or a non-performance by one party entitles the other party to receive compensation for any loss or damage […]
FAQs on Penal Charges in Loan Accounts
– Team Finserv | finserv@vinodkothari.com Updated as on 22nd December 2024 The Circular is applicable from April 01, 2024. Please feel free to drop your queries in the comment box below and we will try our best to reply at the earliest. RBI on August 18, 2023 came up with the circular Fair Lending practice […]
