Articles and Updates

LISTING AND DISCLOSURE RULES CONSOLIDATION: A GOOD STEP?
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The Securities and Exchange Board of India (SEBI) notified the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 2 September. The regulations are designed to consolidate all post-listing requirements applicable to entities that have any securities listed on stock exchange, thereby eliminating the need for issuers of multiple categories of securities to refer to multiple regulations.

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PREPAID TRANSIT INSTRUMENTS: STEP TO A ‘LESS-CASH SOCIETY’
  • Sawant Singh -

Following up on the government’s initiative to encourage Indians to move to electronic payment methods, the Reserve Bank of India (RBI) has issued guidelines on the use of “prepaid payment instruments” (PPIs). A PPI facilitates the purchase of goods and services against value stored on it.

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IS STRATEGIC RESTRUCTURING OF DEBT THE ANSWER FOR BANKS?
  • Sawant Singh -

To reduce the stress on banks due to non-performing assets (NPAs), troubled accounts and burgeoning restructurings, the Reserve Bank of India (RBI) has introduced measures over the past 18 months. These include the framework for early detection of potentially stressed accounts before these turn into NPAs, the guidelines on constituting the joint lenders forum (JLF) and the mechanism for putting in place a “corrective action plan” (CAP) for stressed borrowers, and amendments to the guide

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NEW FRAMEWORK TO COMBAT FRAUDS: A GOOD FOLLOW-UP
  • Sawant Singh -

One of the villains in the Indian growth story is the poor state of capitalization of India’s public sector banks (PSBs). Most government majority-owned PSBs are among India’s largest banks and also have the largest exposure to stressed assets and sectors. Continued exposure to delinquent borrowers and fraudulent practices by borrowers of the PSBs has contributed to the declining credit quality of the loans made by the PSBs.

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BANK UNITS IN INTERNATIONAL FINANCE CENTRES WELCOME
  • Sawant Singh -

The establishment of “international finance centres” – specifically the Gujarat International Finance Tec-City (GIFT) – on par with Singapore and Dubai, received a notable mention in the finance minister’s budget speech on 28 February. The minister also mentioned that regulations for such centres would be issued in March.

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