Simrat Singh | Finserv@vinodkothari.com REITs and InvITs are often discussed together as parallel innovations in India’s capital markets, reflecting a push towards deploying capital in real estate and infrastructure. Both frameworks were introduced in 2014, share a trust-based structure and are subject to broadly similar regulatory principles, including mandatory cash distribution requirements and both also […]
Simrat Singh and Jeel Ranavat | Finserv@vinodkothari.com The RBI has proposed an overhaul of the existing prepaid payment instruments (PPI) framework through its draft Master Direction, 2026. The changes aim to, inter-alia, simplify classification, tighten cash usage, restrict cross border payments etc. In this note, we discuss some of the key proposals of the draft […]
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– Jayesh Rudra, Executive | corplaw@vinodkothari.com MCA, with the objective of simplifying the incorporation process and enhancing ease of doing business, has issued a public notice dated April 08, 2026, proposing amendments to the Companies (Incorporation) Rules 2014 (“Incorporation Rules”), and inviting public comments on the same. The proposed amendments, inter alia, aim to rationalise […]
Introduces Credit Guarantee, Mandatory CERSAI Registration among other changes. RBI has released draft Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026, proposing a comprehensive overhaul of the existing TReDS framework. These draft directions, if notfied, will replace all existing directions and circulars on TReDs. Below are the 5 key changes proposed: 🔹Introduction of […]
Governance Directions of Banks set to be amended effective September 1, 2026 – Vinita Nair and Saloni Khant | finserv@vinodkothari.com RBI continues its drive of regulatory reforms for the banking sector, with the recent one being the amendment proposed in the governance directions applicable to commercial banks i.e. Draft Reserve Bank of India (Commercial Banks […]
– Vinod Kothari & Chirag Agarwal | finserv@vinodkothari.com Volumes of securitisation (which, of course, have always included bilateral assignments or so-called DA transactions) fell by 6% in FY 26, if the origination volume by Reliance group entities in the first half were to be excluded. However, the market has shown more originator diversity, with an […]
Revised Criteria for Classification RBI has vide its Press Releases – Reserve Bank of India proposed to review methodology for identification of NBFCs in Upper Layer. The key changes are as follows: It may be noted that NBFCs belonging to the banking group are also required to comply with the compliance requirements applicable to Upper […]
Team Finserv | finserv@vinodkothari.com Following the consolidation action undertaken by the Department of Regulations (DoR) in November 2025, the Department of Supervision has now undertaken a comprehensive exercise to consolidate existing standalone circulars issued by RBI in supervisory domain into function-wise, entity-specific consolidated Directions for easier navigation and application. The supervisory instructions have been organised […]