Entries by Team Finserv

FAQs on Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans

August 19, 2023 /1 Comment/in , /by

– Team Finserv | finserv@vinodkothari.com (Updated as on October 01, 2025) On August 18, 2023, the RBI came up with a circular on Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans (‘Circular)[1] casting certain obligations and disclosure requirements on Regulated Entities (REs) at the time of reset of floating interest […]

RBI streamlines floating rate reset for EMI-based personal loans

August 19, 2023 /0 Comments/in , /by

Major exercise for home lenders to reflect changes in existing home loans by year-end – Team Finserv | finserv@vinodkothari.com As indicated in the last Monetary Policy review, the RBI introduced new regulations for rate-based variations in floating rate loans, requiring lenders to mandatorily provide as many as 6 options to borrowers. The new regulations, vide […]

Inter-operable regulatory sandbox: A playground for fintechs ?

June 19, 2023 /0 Comments/in , /by

– Dayita Kanodia, Executive | finserv@vinodkothari.com A regulatory sandbox allows live testing of innovative products/services under regulatory supervision and with regulatory relaxations. This in turn allows regulators to design evidence-based and innovation-friendly regulations. An Inter-Operable Regulatory Sandbox or IoRS as defined by both RBI and SEBI is therefore a mechanism to facilitate testing of innovative […]

FAQs on Default Loss Guarantee in Digital Lending

June 9, 2023 /4 Comments/in , , , /by

An understanding of the Guidelines issued by RBI (Updated as on April 29, 2024) Team Finserv | finserv@vinodkothari.com On September 02, 2022, the RBI issued the “Guidelines on Digital Lending” (“DL Guidelines”), which had essentially put a bar on “Loss sharing/ structured default guarantee arrangements” such as First Loss Default Guarantees, likening their nature to […]

GoAir Insolvency: Lessors’ rights gone in thin air?

June 1, 2023 /2 Comments/in , , , /by

– Financial Services Division, finserv@vinodkothari.com A Special Bench of NCLT,  New Delhi admitted the insolvency of Go Airlines (India) Ltd, popularly known as GoAir, on the 10th May 2023. The insolvency was admitted on an application of the company itself, on the ground of a self-admitted default of Rs. 11.03 crores towards interest to financial […]