-Team Finserv | finserv@vinodkothari.com Pre-payment means paying a loan before its scheduled due date or end date. Borrowers may choose to pre-pay when they have extra cash or find better loan terms from another lender. While this may help the borrowers reduce their overall interest cost or improve their loan terms, lenders have traditionally charged […]
– Sakshi Patil | finserv@vinodkothari.com KYC compliance is mandatory for opening bank accounts, investing in mutual funds, opening demat accounts, purchasing insurance policies, and availing various other financial services. It ensures not only regulatory compliance but also safeguards the integrity of the financial system by preventing identity fraud, money laundering, and other illicit activities. Further, […]
– Subhojit Shome and Sakshi Patil | finserv@vinodkothari.com Introduction The Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 are dense, highly technical and operationally intricate. While these directions form the regulatory backbone for customer onboarding and due diligence for financial institutions, they are not always easy to navigate for the very people tasked […]
– Siddharth Pandey, Assistant Manager | finserv@vinodkothari.com Background With the continuous growth and the emergence of large non-banking financial companies (NBFCs) in India, the Reserve Bank of India (RBI) has extended certain bank-level regulations to these institutions with the intention to make them manage their various risks. Among these various risks, liquidity risk is a […]
– Aditya Iyer, Manager (Legal) | finserv@vinodkothari.com I. Introduction to CTC Device Leasing The economic device of purchasing an asset, and generating revenue by leasing it out is surely nothing new. However, through innovative leverage of accounting and tax norms, market participants devise offerings that continue to add novelty to this age-old practice. Today, there is […]
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– Team Finserv | finserv@vinodkothari.com Other resources on the topic-
Other resources on the topic: