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Banking and Finance

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Key takeaways from the Reserve Bank of India (Lending against Gold and Silver Collateral) Directions, 2025

Submitted by yvonne on Thu, 06/19/2025 - 22:31

The Reserve Bank of India (RBI) issued the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 (Gold/Silver Collateral Directions) on 6 June 2025. Loans against the collateral of gold and silver jewellery is a rapidly growing segment amongst regulated entities.

Pimpri Chinchwad Municipal Corporation - Green municipal bond issuance

Submitted by kcoadmin on Tue, 06/17/2025 - 08:47

Khaitan & Co advised Pimpri Chinchwad Municipal Corporation on the private placement of up to 10,000 secured, rated, listed, taxable, redeemable, non-convertible green bonds in the nature of debentures, each having a face value of INR 2 Lacs. Each bond comprises two separately transferable and redeemable principal parts (STRPPs): one STRPP A of face value INR 1 Lacs and one STRPP B of face value INR 1 Lacs.

Cerberus Capital affiliate and certain other investors on a INR 28,600 crores investment in NCDs issued by the Shapoorji Pallonji Group

Submitted by kcoadmin on Tue, 06/17/2025 - 08:38

Khaitan & Co has advised an affiliate of Cerberus Capital Management and certain other investors on their investment in the unrated, unlisted, secured, zero coupon, redeemable, non-convertible debentures issued by Porteast Investment Pvt Ltd, a member of Shapoorji Pallonji Group, for an amount up to INR 28,600 crores (approx. USD 3.3 billion) for the purpose of refinancing the existing debt of group entities.

Fourth amendment to IBBI CIRP Regulations, 2016: Saving time, increasing transparency and facilitating resolution

Submitted by yvonne on Wed, 06/11/2025 - 12:11

The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) in 2016 has been hailed as a transformative step in the Indian financial landscape as it has inculcated severe discipline in the credit allocation process and persuaded the borrowers to strictly adhere to the payment schedules.