Banking and Finance
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Liquidity Window Facility Introduced in the Corporate Bond Market: Exit Options in an Effort to Boost Liquidity
The Securities and Exchange Board of India (SEBI) recently introduced a new liquidity window facility for corporate bonds, effective from 1 November 2024 vide circular dated 16 October 2024 (Liquidity Window Circular).
SEBI Introduces Spate of Amendments to Enhance the Ease of Doing Business for Listed Debt Issuers
The Securities and Exchange Board of India (SEBI) has brought in a slew of amendments to the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (NCS Regulations).
Plugging the Leaks: RBI Clamps Down on Irregular Practices in Grant of Gold Loans
On 30 September 2024, the Reserve Bank of India (RBI) issued a circular ‘Gold loans - Irregular practices observed in grant of loans against pledge of gold ornaments and jewellery’ dated 30 September 2024 (Circular).
IBBI’s Clarification Empowers the Role of Authorized Representative
The Insolvency and Bankruptcy Board of India (IBBI) has on 24 September 2024 published the IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2024 (Amendment Regulations) with the primary aim to streamline and reduce the delays faced in insolvencies containing class of creditors.
Principle-Based Framework for Authentication of Digital Payments: A Step Towards Increasing Trust Towards Digital Payments
The Reserve Bank of India (RBI) released the ‘Draft Framework on Alternative Authentication Mechanisms for Digital Payment Transactions’ (Draft Framework) on 31 July 2024.
RBI Eases Regulations on Investments in AIFs by Regulated Entities
The Reserve Bank of India (RBI) on 19 December 2023 issued a circular (Circular) imposing restrictions on (i) all commercial banks (including small finance banks, local area banks and regional rural banks), (ii) all primary (urban) co-operative banks/state co-operative banks/ central co-operative banks, (iii) all India financial institutions, (iv) all non-banking financial companies (including housing finance companies) (Regulated Entities or RE(s)) with respect to their investments in alternative investment funds (AIF(s)).