Author Archive for: Staff
Entries by Staff
Round-Tripping Reined: RBI Rolls Out Relaxed Rules for Investments in AIFs
-Sikha Bansal, Senior Associate & Harshita Malik, Executive | finserv@vinodkothari.com Background The RBI’s regulatory approach to investments by Regulated Entities (REs) in Alternate Investment Funds (AIFs) has undergone a remarkable transformation over the past two years. Initially, the RBI responded to the risks of “evergreening”, where banks and NBFCs could mask bad loans by routing […]
Webinar on Demystifying Promoter & Promoter Group Puzzle
Register here: https://docs.google.com/forms/d/e/1FAIpQLSc0muIwl_bxlNgcjkudmP9FOjQsecZuOXNjnOBRAk4L2_7vOQ/viewform NAME THEM ALL: SEBI reiterates mandatory disclosure of all promoter group entities in shareholding pattern, regardless of shareholding “Immediate relatives” and not “relatives” for determining promoter group Resource Centre on Promoter/Promoter Group Identification and Obligations
Let them pledge but don’t make it count: RBI’s clarification on voluntary pledge
Harshita Malik | finserv@vinodkothari.com The Banking Puzzle I was giving a collateral-free loan only, but the borrower didn’t agree – he voluntarily came and pledged family gold and silver jewellery! This is perhaps the way Banks will be reacting after the RBI Clarificatory circular on Voluntary Pledge of Gold (‘Voluntary Pledge Circular’). The Voluntary Pledge […]
Overview of RBI (Project Finance) Directions, 2025
Link to the YouTube video – https://www.youtube.com/watch?v=uCbe66Amk9w Our article on the RBI (Project Finance) Directions, 2025
An Overview of GST Implications on Lease Transactions
Yuttika Dalmia | finserv@vinodkothari.com Introduction Is Lease covered under GST? Classification of Lease under GST: Supply of Goods or Services? Application of Goods-Equivalent GST Rates on Leasing Services Leasing under GST as Mixed and Composite Supply Should CGST +SGST or IGST be charged on the supply ? Point of Taxation Input Tax Credit Input Service […]
Paradox of privacy
Whether private NBFCs-ML are required to appoint IDs? – Neha Malu, Associate | finserv@vinodkothari.com Independent directors have long been regarded as critical instruments of corporate governance. They bring fresh perspectives, specialized knowledge and most importantly, an element of unbiased oversight to board deliberations. Think of them as neutral referees who ensure fair play in business […]
More Than Enough: Overcollateralisation as credit enhancement in Securitisations
Vinod Kothari, Dayita Kanodia and Archisman Bhattacharjee | finserv@vinodkothari.com Overcollateralisation (OC) is a widely employed credit enhancement technique in securitisation transactions, serving as a layer of protection for investors. In essence, it refers to a situation where the value of the underlying asset pool exceeds the amount of the liabilities, that is, the securities issued. […]
Mind the Gap: Plugging Risk Blind Spots with ICAAP for NBFCs
-Chirag Agarwal (finserv@vinodkothari.com) In our previous article, we discussed the expectations of the regulator along with a probable approach for NBFCs towards ICAAP. Notably, while ICAAP is applicable to banks as well as NBFCs (middle and upper layer), our present write-up focuses on ICAAP in the context of NBFCs. The inclusion of ICAAP for NBFCs […]