Entries by Staff

Bihar MFI Bill: A Macro Panic for Micro Finance?

By Aditya Iyer ( reachable at – adityaiyer20@gmail.com). Aditya, a former colleague, wrote this piece for the Financial Services Division (finserv@vinodkothari.com)  The new Bihar MFI Bill appears to have triggered first reactions, which, looking at stock prices of some of the players, are quite adverse. However, for regulated entities, it is important to chart out […]

Significant Risk Transfer: Market, Structures, Economics and Risks

Vinod Kothari and Dayita Kanodia | Finserv@vinodkothari.com  Introduction Known by various alternative names as “synthetic risk transfers”, “credit risk transfers”, “on balance sheet securitisation” or “synthetic securitisation”, Significant Risk Transfers (SRT) have a history of over 25 years but have recently grown faster than other components of either traditional securitisation or credit derivatives.  The pool […]

InvITs and REITs: Regulatory actions for more enabling environment 

Simrat Singh | Finserv@vinodkothari.com  SEBI has issued a Consultation Paper on 05.02.2026 proposing amendments to the InvIT Regulations related to end-use of borrowings, status of SPVs and investment in under-construction projects. Further, it has also proposed to enhance the investible options for both REITs and InvITs w.r.t liquid mutual funds.  InvITs and REITs have continued […]