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-Kanakprabha Jethani | Executive (kanak@vinodkothari.com) The Reserve Bank of India (RBI) released its Sixth Bi-monthly Monetary Policy Statement, 2019-20[1] along with the Statement on Developmental and Regulatory Policies[2] (‘Statement’) on February 06, 2020. The said Statement proposed various measures primarily to spur the growth impulses and push credit offtake. Some of the major proposals are […]
-Vinod Kothari (vinod@vinodkothari.com) Marketplace lending, P2P lending, or Fintech credit, has been growing fast in many countries, including the USA. It is estimated to have reached about $ 24 billion in 2019[1] in the USA. However, there are some interesting legal issues that seem to be arising. The issues seem to be emanating from […]
[Updated as on 12th December, 2019] By Financial Services Division, finserv@vinodkothari.com The Finance Minister, during the Union Budget 2019-20, proposed to introduce a partial credit guarantee scheme so as to extend relief to NBFCs during the on-going liquidity crisis. The proposal laid down in the budget was a very broad statement. On 13th August, 2019[1], the Ministry […]