Pearls of Wisdom from Dr Frank Fabozzi Read the trascript from the Mahattva session with Dr. Frank Fabozzi. See the full video on our YouTube channel here. Vinod Kothari Good day, everyone, and today our guest is Dr. Frank Fabozzi. If you are in finance, I don’t need to introduce who Dr. Fabozzi is, because […]
RBI has issued the Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026 (‘Final Directions’), replacing the draft Trade Receivables Discounting System (TReDS) directions (‘Draft Directions’) published earlier (read our article on the draft here). The Final Directions make a number of substantive changes from the Draft Directions and consolidate several operational and supervisory […]
Simrat Singh | Finserv@vinodkothari.com RBI regulatory framework for banks and NBFCs recognise entities such as LSPs and DSAs, but do not define the term “referral partner”. Consequently, several lenders engage referral partners under agreements that merely replicate the DSA arrangement with a change in the nomenclature but without altering its substance. This is a risky […]
– Prerna Roy | corplaw@vinodkothari.com Advertisement of products and services is one of the key requirements of any business, including for capital markets intermediaries such as Stock Brokers, OBPPs, Research Analysts, Mutual Funds and Asset Management Companies etc. If a business does not advertise, prospective customers may never become aware of its products and services. […]
Background RBI, vide its Press Release dated April 10, 2026, had issued draft Amendment Directions (read our article on the draft here) proposing changes to the methodology for identification of NBFC-Upper Layer (NBFC-UL) and the inclusion of Government-owned NBFCs in the Upper Layer. Following the consultation period, the RBI has finalised these proposals vide its […]
– Khewan Sonchhatra, Executive | corplaw@vinodkothari.com Several amendments were introduced to the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Authority Act, 1999 through the Sabki Bima Sabki Suraksha Act, 2025. These amendments primarily aim to liberalise foreign investment norms, reduce capital requirements, strengthen regulatory oversight of market […]
RBI has published a draft “Guidance on Regulatory Principles for Model Risk Management, 2026” for public consultation and it’s the first time AI/ML models used in credit underwriting, customer interaction and other business processes get a dedicated regulatory lens, applicable across the full spectrum of REs, including NBFC-BL, ML, UL and TL. Here’s what stood […]
– Team Finserv | finserv@vinodkothari.com In order to regulate mis-selling concerns for both products/ services of regulated entities and third-parties by a regulated entity, amendments have been issued ‘Advertising, Marketing and Sale of Financial Products and Services by Regulated Entities’, via two sets of amendment directions for Commercial Banks: See our other resources on the […]
– Abhishek Namdev, Assistant Manager and Srihari G.S., Executive | corplaw@vinodkothari.com The 19th June board meeting of SEBI witnessed significant decisions for capital markets, including, inter-alia, simplification of the securities transmission framework, reintroduction of open market buy-back through stock exchanges, the GARUDA mechanism for faster processing of AIF placement memoranda, amendments to the SDI Regulations […]
Why RBI’s New Directions on Responsible Business Conduct Could Change Financial Services More Than Any New Technology – Guest Contributor | Dr. Aneish Kumar (aneishk@yahoo.com) Other Resources on the topic:
