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Amidst the economic slowdown, Reserve Bank of India (RBI), in its recent move to bolster and augment credit flow to the retail segment involving microfinance institutions and non-banking financial companies (NBFCs).

The Reserve Bank of India (‘RBI') identified high inflation rates as a primary risk to the country's macroeconomic stability.

A good credit score of a person/company is a sine qua non for good credit health and is crucial for a person to avail financial assistance.

The Reserve Bank of India has issued comprehensive Master Directions for Trade Receivables Discounting System (TReDS) platforms, introducing significant changes to capital requirements, operational obligations, and participant eligibility. These new regulations mandate a minimum net worth of INR 25 crore for platform operators, formalize the role of credit guarantee funds, and establish that all factoring units must be strictly "without recourse" to MSME sellers, fundamentally reshaping the framework for tr

The Reserve Bank of India ("RBI"), vide its notification titled ‘Regulatory measures towards consumer credit and bank credit to NBFCs'

We are pleased to share with you the link to our newsletter "Legalaxy" for November 2023, providing updates on the recent and relevant legal developments in India.

Loan recovery is an essential part of lending operations, but the methods adopted by financial institutions to recover outstanding dues have often raised concerns regarding borrower privacy, harassment and the misuse of recovery mechanisms. The Reserve Bank of India (RBI), through the Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Third Amendment Directions, 2026, dated 6 August 2026, has introduced a comprehensive framework governing the recovery of loan dues by non-banking financial companies (NBFCs).

Gold Savings Schemes are schemes generally offered by the jewellery shops allowing the consumer to purchase gold by making monthly payments not exceeding 11-12 months.

The relationship between financial institutions and borrowers extends beyond the mere advancement and repayment of loans. It involves transparency in financial transactions, fair treatment of customers, responsible recovery practices and accountability throughout the lending process.

In contrast, the definition of operational debt is exhaustive in nature to mean inter alia a claim in respect of the provision of goods or services including employment.