The Indian Cryptocurrency Landscape: IAMAI v. RBI
A shocker of a circular was issued by the RBI on 6th April, 2018 that jolted the Indian cryptocurrency market. The said circular was issued under Section 35A read with Section 36(1)(a) of the Banking Regulation Act, 1949. All RBI regulated entities were deemed to make declaration that they shall not deal in or carry … Continue reading The Indian Cryptocurrency Landscape: IAMAI v. RBI
Read more »SARFAESI ACT 2002
Introduction SARFAESI ACT STANDS FOR “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. Main aim of this act was to increase the capability of banks and non-banking organisations to liquidize the loan securities in case of non-repayment of loans. The act does so by two major steps , first, minimising the … Continue reading SARFAESI ACT 2002
Read more »Unraveling RBI’s BBPS Revolution: Analysis of Regulatory Impact
Introduction The Reserve Bank of India released the Master Direction for the regulation of the Bharat Bill Payment System on February 29, 2024, under the title Reserve Bank of India (Bharat Bill Payment System) Directions, 2024. The RBI’s earlier Implementation of Bharat Bill Payment System (BBPS) – Guidelines will be replaced by the Directions in … Continue reading Unraveling RBI’s BBPS Revolution: Analysis of Regulatory Impact
Read more »First Loss Default Guarantee: Settling the Disquiet in the Fintech Sector
The Reserve Bank of India (“RBI”) issued Guidelines on Default Loss Guarantee in Digital Lending on 8th June 2023, to give a green signal to Default Loss Guarantee or First Loss Default Guarantee (“FLDG”) arrangements between Banks or Non-Banking Financial Companies (“Regulated Entities” or “RE”) and Lending Service Providers (“LSPs”) (typically a Fintech entity). This … Continue reading First Loss Default Guarantee: Settling the Disquiet in the Fintech Sector
Read more »Case Comment: Anumati vs Punjab National Bank
Introduction In India, commercial banks offer Fixed Deposit (“FD”) accounts to customers, which are often created in the joint names of two persons, payable to either of them or to the survivor among them. The issue in the present case arose out of a special leave petition against the order of the National Consumer Dispute … Continue reading Case Comment: Anumati vs Punjab National Bank
Read more »M&As in Banking Sector : A Much Viable Strategy
Introduction Mergers and acquisitions (M&As) are the most popular method employed by companies to further their market dominance. Mergers and acquisitions are often regarded as a swift and effective strategy for penetrating new markets and gaining access to cutting-edge technologies. For instance, PNB acquired New Bank of India in 1993. Only one other nationalised bank, other … Continue reading M&As in Banking Sector : A Much Viable Strategy
Read more »RBI’s stance on Digital lending : A New Prospect for Borrowings in India?
Introduction For day to day financial operations, digital banking has recently evolved into a new market in India. The process is simpler in terms of formalities and procedures which have to be completed in order to obtain a loan from a base branch of Bank. With this novel method of developing and offering credit to borrowers, some challenges have emerged … Continue reading RBI’s stance on Digital lending : A New Prospect for Borrowings in India?
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