Entries by Staff

Indian Securitisation in FY26: Securitised Paper Volumes grow, with originator and asset diversity 

– 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 […]

RBI proposes changes to NBFC-UL identification

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 […]

Consolidation of RBI Directions Ver 2.0

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 […]

INR Non-deliverable Derivatives barred; Added Bar for Related Parties

– RBI’s 1st April circular bars Banks from INR-derivatives, with “related parties”, giving an Ind AS meaning to the term In a move to maintain the integrity of INR in the evolving market conditions and avoid a potential misuse of intra-group structures to bypass regulatory constraints, the RBI has issued revised instructions on Risk Management […]

Immunity Scheme for Non-compliant and inactive companies: CCFS, 2026

Kunal Gupta, Executive | corplaw@vinodkothari.com Introduction In order to encourage defaulting companies to either complete their long pending statutory filings or opt for an exit or dormant status, the Ministry of Corporate Affairs (‘MCA’), vide Circular dated  January 24, 2026, has come up with ‘Companies Compliance Facilitation Scheme, 2026’ (‘CCFS, 2026’). This scheme offers one […]

Rethinking Repayment Recurrence: EMIs, EWIs or EDIs

Manisha Ghosh, Assistant Manager | finserv@vinodkothari.com Introduction In the world of finance, where EMIs reign is supreme, a quiet revolution is brewing. For decades, the EMI—a fixed, predictable monthly payment—has been the default repayment option in case of loans.  This repayment model aligns well with the cash-flow profile of salaried borrowers, whose income is credited […]