Author Archive for: Staff
Entries by Staff
Profit, Prudence and Payouts: New RBI Regulation for Dividends by Banks
Dayita Kanodia and Simrat Singh | finserv@vinodkothari.com RBI on March 10, 2026 issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances of Profits) Directions, 2026 (‘Dividend Directions’). Earlier, a draft was issued on January 6, 2026 seeking comments from stakeholders. The Dividend Directions replaces the existing directions […]
Shastrarth 29 – Compliance Officer’s risks in Abusive RPT Structures
You may register your interest and the questions that you’d like us to discuss at: https://forms.gle/1iR2xaFKGBU1kRJ3A Our resource centre on RPTs can be accessed at: https://vinodkothari.com/article-corner-on-related-party-transactions/ Some of our recent resources on the subject: SEBI approves relaxed norms on RPTs Moderate Value RPTs : Interplay of disclosure norms and impracticalities
Span of Welspun: Is pledge/unpledge a trade under PIT?
– Payal Agarwal, Partner | corplaw@vinodkothari.com An August 2025 Informal Guidance by SEBI for Welspun Corp Limited sought to clarify the applicability of contra trade on release of pledge. However, it goes on to say that: “…in case of creation of pledge/ revocation, the beneficial ownership does not change till pledge is invoked”. While the […]
IBBI proposes strengthening the CoC’s oversight and procedural clarity in CIRP
– Barsha Dikshit | corplaw@vinodkothari.com See our other resources:
Top-up lending or prop-up lending: RBI cautions against NBFCs lending practices
– Anita Baid, Senior Vice President | anita@vinodkothari.com The recent press reports highlighting the RBI’s focus or nudge towards NBFCs regarding their lending practices, particularly those that raise concerns about evergreening of loans, demand a comprehensive analysis. Extending further credit to a borrower already facing financial distress can be similar to the cautionary tale of an […]
Homebuyers under BuyBack Scheme: Financial Creditors under IBC?
– Saloni Khant, Executive | corplaw@vinodkothari.com Real estate developers often raise funds by offering flats under buy-back or assured return schemes, sometimes with a mandatory repurchase clause, or sometimes at the builder’s discretion. On the other hand, there may be people who genuinely want to acquire a home and live in it. In the former […]
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 […]
Navigation Roadmap through New Consolidated RBI Directions – Presentation
Some of our other write-ups on the recent Master Directions and amendments/ draft proposals:
