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The Reserve Bank of India (RBI) has released Circular RBI/2023-24/112dated January 15, 2024, addressing Credit/Investment ConcentrationNorms for Non-Banking Financial Companies (NBFCs), including HousingFinance Companies.

RBI has amended the regulatory framework for Non-Operative Financial Holding Companies (‘NOFHCs') following a review of earlier instructions and to align with updated...

In this episode of Lexpresso, we break down RBI's ₹56.32 crore penalty wave of 2024 and uncover what really went wrong inside regulated entities in India.

RBI has published a circular allowing Asset Reconstruction Companies (‘ARCs') to acquire financial assets from other ARCs. RBI, citing the changes made to the Securitisation and Reconstruction of...

The RBI has decided to allow interoperability among PPIs (issued in the form of wallets) through Unified Payments Interface.

SEBI, vide notification dated May 10, 2024, has issued a commencement notification for certain provisions of the SEBI (AIFs) (Second Amendment) Regulations, 2023.

Under Regulations 44(1) and 59C of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a public issue may be opened within twelve months and eighteen months respectively from the date of issuance of SEBI observations. SEBI received representations from the industry body highlighting difficulties faced by issuers in mobilizing resources and accessing capital markets due to ongoing geopolitical tensions in the Middle East

Eligible residents are currently permitted to enter into FCY/INR swaps to hedge against exchange rate or interest rate risk exposure...

On a review of Foreign Exchange Management (Debt Instruments) Regulations, 2019, Reserve Bank of India vide notification no. RBI/2019-20/151 dated January 23, 2020,...

The Reserve Bank of India ("RBI") has issued notification dated October 04, 2017, pursuant to which every commercial bank, primary (urban) co-operative bank...

The RBI, pursuant to its circular no. RBI/2019-20/121 DOR.NBFC(PD) CC.No.106/03.10.124/2019-20 dated 23 December 2019, issued to all non-banking ...

Also, FPIs shall be allowed to take positions, together in EUR-INR, GBP (British Pound Sterling)-INR and JPY (Japanese Yen)-INR pairs, up to USD 5 million.

Welcome to the special episode of the Mint Podcast, presented by Mint in collaboration with JSA Advocates & Solicitors, which is now live.

The Calcutta High Court's ruling in Jainco Projects (India) Limited v. UCO Bank examines critical procedural questions surrounding SARFAESI appeals, specifically addressing the requirements for pre-deposit when One Time Settlement orders are involved. This decision has significant implications for borrowers challenging debt recovery actions and banks enforcing security interests under the SARFAESI Act.

The Calcutta High Court's ruling in Jainco Projects (India) Limited v. UCO Bank examines critical procedural requirements for SARFAESI appeals, specifically addressing the interplay between One Time Settlement orders and mandatory pre-deposit provisions. This decision clarifies when borrowers can challenge debt recovery actions and what financial obligations must be met before appellate tribunals will hear their cases.

The Master Circular dated 11.07.2023 (“Master Circular”), issued in connection with compliance under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 inter alia, sets out the framework for action to be taken by recognized stock exchanges and depositories against listed entities that fail to meet the Minimum Public Shareholding (“MPS”) requirements, including imposition of fines, freezing of promoter shareholding, and other consequential actions.

India's securities regulator SEBI has proposed the GARUDA mechanism to accelerate Alternative Investment Fund scheme launches, potentially reducing approval timelines from 30 days to as little as 10 working days for regular schemes and enabling immediate launches for accredited investor-only schemes. The consultation paper outlines a streamlined process that would allow certain AIF categories to bypass traditional merchant banker requirements and launch funds upon document acknowledgement.