If you are not happy with the results below please do another search
-Team Vinod Kothari Consultants P. Ltd. (finserv@vinodkothari.com) While compound interest is the unquestionable reality of the world of banking and finance, somehow, courts have always been disapproving of the idea of “interest on interest”. After some months of litigation in the Apex Court and a lot of confusion surrounding interest on interest being charged by […]
-Kanakprabha Jethani (kanak@vinodkothari.com) Background The International Financial Services Centres Authority Act, 2019 was enancted on December 19, 2019, providing powers to the International Financial Services Centres Authority (IFSCA) to regulate financial products, financial services and financial institutions in the International Financial Services Centres. Under such powers, the IFSCA has on October 19, 2020, introduced a […]
-Mahesh Jethani (finserv@vinodkothari.com) All Scheduled Commercial Banks (including RRBs), Small Finance Banks, Local Area Banks, all Co-operative Banks, all NBFCs and All India Financial Institutions are required register creation of security interest over an asset with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). An upgraded version of Security Interest […]
-Megha Mittal (mittal@vinodkothari.com) “Opportunity amidst tragedy” would likely be the most suitable phrase to summarise the journey of cryptos during the Global Pandemic- with disruption taking a toll on people and economies, and physical proximities massively restrictred, cryptos have outshone traditional assets, by virtue of its inherent features- easy liquidity, access and digitalisation. Further, as […]
Timothy Lopes, Executive, Vinod Kothari Consultants finserv@vinodkothari.com The world of financial services is continually witnessing a growth spree evidenced by new and innovative ways of providing financial services with the use of enabling technology. Financial services coupled with technology, more commonly referred to as ‘Fintech’, is the modern day trend for provision of financial services […]
-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 […]
finserv@vinodkothari.com The Statement on Developmental and Regulatory Policies[1] dated 05 December, 2019 has been issued by the RBI pursuant to the fifth bi-monthly Monetary Policy Committee meeting. Some quick updates and highlights of regulatory changes are given below – 1) Review of NBFC-P2P Directions- Aggregate Lender Limit and escrow accounts Current limit for borrowers and […]
-Rahul Maharshi and Kanakprabha Jethani (finserv@vinodkothari.com) “यावज्जीवेत्सुखं जीवेत् ऋणं कृत्वा घृतं पिबेत् | भस्मीभूतस्य देहस्य पुनरागमनं कुतः ||” The ancient couplet from the Charvak Darshan, in Indian mythology is popularly known as the philosophy of life. There are various interpretations of the above, in general, the meaning of the above couplet gives us a […]
-Kanakprabha Jethani | executive kanak@vinodkothari.com Background A high-level Inter-ministerial Committee (IMC) (‘Committee’) was constituted under the chairmanship of Secretary, Department of Economic Affairs (DEA) to study the issues related to Virtual Currencies (VCs) and propose specific action to be taken in this matter. The Committee came up with its recommendations[1] recently. These recommendations include, among […]
-Kanakprabha Jethani kanak@vinodkothari.com, finserv@vinodkothari.com Published on April 22, 2019 | Updated as on April 22, 2020 Background April 2019 marks the introduction of a structured proposal[1] on regulatory sandboxes (“Proposal”). ‘Sandboxes’ is a new term and has created a hustle in the market. What are these? What is the hustle all about? The following article […]