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 »Introduction of SSFs : A game changer for Indian Insolvency Regime
INTRODUCTION On January 27, 2022 , Securities and Exchange Board of India (SEBI) released a circular notifying the salient features of SSFs which are a class of AIFs to exclusively deal with distressed asset market with the motive to help the financial institutions release the money stuck in the stressed assets by reducing the load … Continue reading Introduction of SSFs : A game changer for Indian Insolvency Regime
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