RBI Update- Review of Regulatory Framework for IDF-NBFCs
Infrastructure Debt Fund-NBFCs (IDF-NBFCs) will now be required to have a net owned fund (NOF)
RBI Update- Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans
Regulated Entities are advised to put in place an appropriate policy framework meeting the following
RBI Update -Fair Lending Practice – Penal Charges in Loan Accounts
On a review of the practices followed by REs for charging penal interest/charges on loans,
SEBI Update – Simplification of KYC process and rationalisation of Risk Management Framework at KYC (Know Your Client) Registration Agencies (KRAs)
Sebi on Friday simplified the KYC process and rationalised the risk management framework at KYC
SEBI Update – Timeline for the Exit Option Window Period for Change in Control of AMC
Sebi on 11th Aug 2023 came out with a new timeline for the exit option
RBI Update – Reserve Bank of India Act, 1934 – Section 42(1A) – Requirement for maintaining additional CRR
It has been decided to issue a directive under Section 42(1A) of the Reserve Bank
Procedure for seeking prior approval for change in control
Sebi on 10th Aug 2023 streamlined the procedure of obtaining prior approval for the proposed
SEBI Update- Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days
SEBI has reduced the timeline for listing securities after the closure of public issue to
SEBI Update -Facility to remedy erroneous transfers in demat accounts
Securities and Exchange Board of India on 8th Aug 2023 decided to provide a facility
SEBI Update – Transactions in Corporate Bonds through Request for Quote (RFQ) platform by FPIs
Sebi Update about corporate bonds.