Entries by Subhojit Shome

Disrupting Traditional Card based Payments – Smart Contract based Payment Infrastructure using Stablecoin

February 11, 2026 /0 Comments/in /by

Subhojit Shome, Senior Manager | Finserv@vinodkothari.com  Introduction The payments ecosystem is often described as the “plumbing” of commerce—rarely visible to consumers, yet fundamental to economic activity. For decades, this plumbing has been dominated by credit and debit card systems, operated by banks and card networks under tightly regulated frameworks. In recent years, however, global technology […]

Compliance Risk Assessment

January 18, 2023 /0 Comments/in , , , /by

Guidance for implementation by NBFCs Subhojit Shome, Assistant Manager | subhojit@vinodkothari.com Introduction The RBI published the Compliance Function and Role of Chief Compliance Officer (CCO) – NBFCs[1] on April 11, 2022 (‘Compliance Circular’) that are applicable on Middle Layer (NBFC-ML) and Upper Layer NBFCs (NBFC-UL) and the deadline to put into place the framework for […]

Cryptocurrency – A Cautionary Tale for India

November 25, 2022 /0 Comments/in , , /by

Recent Events in the Crypto-world and a Need for Regulatory Oversight – Subhojit Shome (subhojit@vinodkothari.com) Introduction There are two recent events in the world of crypto that warranted this article – the first one, in order of chronology, fundamentally altered the way that a blockchain (the underlying ledger) for cryptocurrency validates transactions while the second […]

Introduction of the Digital Rupee (e₹)

November 1, 2022 /0 Comments/in , , /by

RBI announces the launch of the first pilot – Subhojit Shome, Senior Executive | finserv@vinodkothari.com On 7th October, 2022 the RBI published a Concept Note[1] on Central Bank Digital Currency (CBDC) that intended to “create awareness about CBDCs in general and the planned features of the digital Rupee, in particular”. Chapter 8 (“Way Forward”) of […]