– Vinita Nair and Saloni Khant | corplaw@vinodkothari.com – Updated on May 3, 2025 Being the 10th largest[1] in the world, the Indian Insurance market grows at 10-15% annually but insurance penetration is only at 3.7% of the GDP[2] as against the global average of 7.3%. With a view to boost growth in the sector […]
Simrat Singh | finserv@vinodkothari.com India’s aspiration to become a US $30 Trillion economy by 2047 rests on its ability to mobilise long-term, stable and affordable capital. Debt capital can be an attractive source for this. While banks have historically been the backbone of credit intermediation in India, a bank-dominated financial system may be inadequate to […]
– Team Finserv | finserv@vinodkothari.com
– Sikha Bansal and Nitu Poddar | corplaw@vinodkothari.com – Published in Moneylife on December 16, 2025 The Indian Stamp Act, 1899 (“Stamp Act”) was amended in 2019 by the Finance Act, 2019 (“Amendment”), broadly – to introduce a unified mechanism for levy and collection stamp duty on issuance and transfer of securities, by insertion of […]
– Saloni Khant, Executive | corplaw@vinodkothari.com If there is a truth that the market needs to know, it is the duty of the company to let the market know it, no later than the truth becomes good for disclosure. It is no good for the company to sit smirking and watch unofficial media reports do […]
-Archisman Bhattacharjee | finserv@vinodkothari.com Introduction The Digital Personal Data Protection Act, 2023 (“DPDPA”), along with the Digital Personal Data Protection Rules, 2025 (“DPDP Rules’, “Rules”), establishes India’s first comprehensive and rights-based data protection regime. The Act’s applicability extends far beyond financial institutions; it encompasses any entity, large or small, digital or traditional, that processes digital […]
– Vinod Kothari | finserv@vinodkothari.com The new dispensation implemented from 5th December 2025 implies that lending business, obviously carried in the parent bank, needs to be allocated between the bank and the group entities so as to avoid overlaps. The bank will have to take its business allocation plan, at a group level, to its […]
– Simrat Singh | Finserv@vinodkothari.com The RBI has long been stitching up the seams where AIF structures threatened to pull at the fabric of Banking regulation. The latest amendment to the Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) Directions, 2025 is another careful thread in that ongoing work. The provisions apply […]
– Dayita Kanodia | finserv@vinodkothari.com RBI on December 5, 2025 issued RBI (Commercial Banks – Undertaking of Financial Services) (Amendment) Directions, 2025 (‘UFS Directions’) in terms of which NBFCs and HFCs, which are group entities of Banks and are therefore undertaking lending activities, will be required to comply with the following additional conditions: The requirements […]
Simrat Singh | finserv@vinodkothari.com Similar amendments have been made for Commercial Banks, Local Area Banks, Small Finance Banks, Rural and Urban Co-operative Banks, RRBs, ARCs and AIFIs.