Team Finserv (finserv@vinodkothari.com) Background Loan write-offs in case of banks has been a consistent practice, and has been sharply criticized in several forums. Loan write-offs constitute a significant amount: Between FY 2015 and FY 2024, Scheduled commercial banks wrote off loans worth ₹12.3 lakh crore, with a ₹9.9 lakh crore written off in just the […]
– Sakshi Patil | finserv@vinodkothari.com The Reserve Bank of India (RBI) has continually worked to strengthen the Know Your Customer (KYC) framework to ensure inclusion. Recognizing challenges in periodic KYC updation, especially in remote areas where bank branches and ATMs are scarce, the RBI has proposed pragmatic measures involving Business Correspondents (BCs). These initiatives aim […]
– Aditya Iyer, Manager (Legal) (finserv@vinodkothari.com) Consider this: you’re out shopping on a Saturday afternoon for a perfect pair of jeans. You stop by a store that retails multiple brands and boasts the best variety. With a salesperson to guide you, you make your pick after careful diligence and comparison, and finally check out. Hours […]
Saket Kejriwal, Assistant Manager | corplaw@vinodkothari.com Background The identity of a corporate entity may undergo various changes, either pursuant to merger, demerger, sale of one or more divisions or undertakings, conversion into LLP etc. Usually, in corporate restructuring, the assets and liabilities forming part of an undertaking are shifted to another undertaking, say, the successor […]
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– Sikha Bansal, Senior Partner and Simrat Singh, Senior Executive | corplaw@vinodkothari.com Legal basis for dividend entitlement The right of a shareholder to receive dividends is conferred under Section 123(5) of the Companies Act, 2013 (‘CA, 2013’). The corresponding obligations on the company are elaborated in Chapter VIII of the Act (Sections 123 to 127), […]
RBI mails to NBFCs to disregard DLG in expected loss computation – Vinod Kothari & Dayita Kanodia (finserv@vinodkothari.com) Background RBI has recently been directing NBFCs to compute ECL without factoring in the impact of DLGs obtained. This stance appears to stem from the regulator’s perception that fintech-issued guarantees carry inherent risk and may expose NBFCs […]
We are pleased to unveil “Listing Regulations on Securitised Debt Instruments and Security Receipts”, an in-depth commentary on the SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations. The book offers practitioners, market participants, and legal professionals a comprehensive understanding of the evolving regulatory landscape for listed securitised products in India. Incorporating […]
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