Vinod Kothari & Company

RBEye: Red-eyed RBI cautions other lenders of action, and warns them to revisit their interest rate policies.

See this small write up:

RBEye: Red-eyed RBI wants lenders to revisit interest rate policies – Vinod Kothari Consultants RBEye: Red-eyed RBI wants lenders to revisit interest rate policies October 30, 2024/0 Comments/in Financial Services, NBFCs, RBI /by Staff-Vinod Kothari ([email protected])Against the backdrop the action against 4 specific lender, RBI now expects all NBFCs to appraise their boards of the actio...

Starting in some time from now - panel discussion on RBI action against lending practices.

Just in case you missed our email with the joining link, here it is

VKC is inviting you to a scheduled Zoom meeting.

Topic: The Clean up call: RBI Action against Lending practices

Time: Oct 28, 2024 06:00 PM India

Join Zoom Meeting

https://us02web.zoom.us/j/82018678447?pwd=Kg20wwPkF1bMMbpRHjspWncEKCrRMA.1

Meeting ID: 820 1867 8447

Passcode: 899209

Join our Cloud HD Video Meeting Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution used around the world in board, confer...

Fireworks of free speech - today evening starting 6.15 pm.

RBI's actions against lending practices - get to hear the points and counterpoints from the best in journalism, financial regulation, business and law.

https://vinodkothari.com/2024/10/the-clean-up-call-rbi-action-against-lending-practices/

Looking at the overwhelming response, we increased our capacity and now we will be able to accommodate lot more. So, if you did not register your interest earlier, you may do now.

Just to say - we will start sending joining links during the day today.

best

Vinod Kothari

The Clean up call: RBI Action against Lending practices – Vinod Kothari Consultants The Clean up call: RBI Action against Lending practices October 22, 2024/0 Comments/in Financial Services, Housing finance, NBFCs, RBI, scale based regulations /by Vinod Kothari ConsultantsVirtual Webinar | 28th October 2024 | 6:15 PM.Click here to register: https://forms.gle/BtiZdmEDrU7Y9Tcb9 Loadi...

Short of time or short of patience? A new series of short videos on corporate laws - just 2-3 minutes, under caption Kshanikaa series, is being launched by my colleague Mahak Agrawal.
Her first 2 minute video is on interim dividends.
If you have 2 minutes to spare, just click:

Byte 1: Interim dividend Curious about Interim Dividends? This short video explains what they are, how they differ from final dividends, and much more. Learn the basics in just a few...

28th Oct - join us for one of the talk-of-the-town: RBI's actions against lending practices and lenders.

The RBI has been issuing supervisory advisories in the matter of fair lending practices or evergreening. But stiffer actions have involved "cease and desist" orders on several lenders.

There is an obvious need to do a conscience check and see if there are practices which lack fairness, or amount to evergreening, or may indicate irresponsible lending.

At the same time, it is important to underscore the need for a due process for regulatory actions, as these actions may have far more severe impact than fines or penalties. There have been long standing discussions on separation of supervision and adjudication powers, plus the need to have a power of appeal where there is power to punish.

To discuss these, we are getting the best in business: Mr Tamal Bandyopadhyay, who has extensively written on the subject and needs no introduction, Mr Bahram Vakil, leading legal expert, Mr Shachindra Nath, CEO of Ugro.

Join us for this webinar. While you may express your interest, in view of limited seats, we will be sending invitations to who all we can accommodate. Please do express interest by filling this form: https://docs.google.com/forms/d/e/1FAIpQLSe45GfIAMdLOv7sFPdhzYj7wGSW0Cf5NdgX3Y_ASTbB7V7RuA/viewform?usp=sf_link

https://vinodkothari.com/2024/10/the-clean-up-call-rbi-action-against-lending-practices/

Soft regulation for one instrument, and stiff on a competing one, breeds regulatory arbitrage. There have been these concerns about use of AIFs. The RBI barred bank and NBFC investments in AIFs which have invested in borrower entities, to allay any attempt as to roundtripping.

In May this year, SEBI made amendment in AIF regulations, imposing the need for AIF managers and AMCs to ensure that funds are not used as instrumentalities for digging holes in regulations.

Now, SEBI has come up with detailed due diligence requirement for AMCs and fund managers, to report on use for AIFs for gaining advantage in QIB placements, evergreening of loans, investments from neighboring countries, etc.

Our colleagues have compiled comprehensive FAQs on this due diligence requirement, which will put substantial burden on the 1200+ AIFs in the country.

FAQs on Specific Due Diligence of investors & investments of AIFs – Vinod Kothari Consultants FAQs on Specific Due Diligence of investors & investments of AIFs October 21, 2024/0 Comments/in Alternative investment Vehicles, Corporate Laws, SEBI /by Team CorplawTeam Vinod Kothari & Company | [email protected] Loading… Taking too long? Reload document | Open in new tab Download as PDF...

We are hiring!

This month, we hired three - Delhi, Bengaluru, and Kolkata.

We will be happy to welcome more young colleagues. Qualified company secretaries with strong understanding of listing regulations. CS aspirants, provided they bring strong academic credentials. Candidates interested in career in advisory services for financial sector - banks, NBFCs, fintech.

Please fill the google form at

Careers – Vinod Kothari Consultants Vinod Kothari Consultants and Vinod Kothari and Company are constantly on the lookout for bright, hardworking, talented people. Below we have highlighted as to why one should join us, our areas of practice and what is expected from a candidate wanting to join our organisation. Upon reading the detai...

Last 3 days for the early bird offer (applicable only for payments received upto 30th Sept) for the Co-lending full-day workshop in Mumbai, 18th Oct. See details here:

vinodkothari.com

We are looking for CS management trainees at Mumbai location. Preference for those who have completed their professionals. Please see JD at vinodkothari.com/careers/ and if you deem appropriate, pls fill the google form in the link.

If you have applied earlier, you may not apply again.

Careers – Vinod Kothari Consultants Vinod Kothari Consultants and Vinod Kothari and Company are constantly on the lookout for bright, hardworking, talented people. Below we have highlighted as to why one should join us, our areas of practice and what is expected from a candidate wanting to join our organisation. Upon reading the detai...

Day 1 of our 2-day workshop on NBFC Regulations at Hotel Jaypee Vasant. My colleagues Anita Baid and Qasim Saif discussing the nuances of the regulatory framework in a very interactive workshop. Both of my colleagues concurred that the participants - from a broad cross section of housing finance companies, fintech companies, traditional lenders, vehicle financiers - are contributing a lot to the learning.
Day 2 continues today.

Disclosure of APR becomes mandatory as a part of "key fact statement" (KFS) for lots of loans from 1st Oct. What all are the parts of APR computation? In what situations APR cannot be computed at all?
The nitty gritty of APR computation is discussed in this 35 min video on our YT channel:
https://www.youtube.com/watch?v=763GHHZxx7c
And note - there is a larger video - almost 2 hours, on 20th April, on each of the aspects of KFS.

Appreciating APR: The Key disclosure in KFS The Key Fact Statement (KFS) Circular issued by the Reserve Bank of India (RBI) is aimed at enhancing transparency for retail and MSME term loans. The circul...

When it is a team accomplishment, the pleasure becomes even bigger.
Happy to announce the arrival of our new book Corporate Governance: Miles Travelled and Miles to Go, published by LexisNexis. Running over nearly 1000 pages, this 9 Part, 25 Chapter book covers the entire tapestry of corporate governance, with diverse areas such as conflicts of interest (aka related party transactions), information symmetry (ref. insider trading, posting of material events, also rumour verification), committees and their duties, role of technology and artificial intelligence, ESG considerations, CSR, shareholder democracy (including proxy advisers) and whatever else you would expect as the trendy topics on corporate governance. The book has India-specific coverage, but with global outlook, to provide not just regulations but a guide to best practices.
Several of our colleagues contributed, and Payal Agarwal edited the publication.
See further details and orders on LexisNexis site at https://store.lexisnexis.in/CORPORATE-GOVERNANCE-ED-1?srsltid=AfmBOor9C9mieeb4d2DDBeJrqbQpv-xOUNj1ac-P6O-BYKScv_zP3xsW
And by the way, this is our 24th publication!