RBI Rejects Tata Sons CIC De-registration: Listing Mandates Firm
The RBI's refusal to de-register Tata Sons as a CIC reinforces the 'Upper Layer' listing mandate for systemic NBFCs, setting a major precedent for Indian conglomerates.
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RBI Mandates Tata Sons Listing: Implications for Upper Layer NBFCs
The RBI's rejection of Tata Sons' bid to avoid public listing sets a rigid precedent for large NBFCs and Core Investment Companies regarding regulatory compliance.
Read articleIBBI Proposes Zero Voting Share for Related Parties in Debt Plans
IBBI plans to exclude related parties of personal guarantors from voting on repayment plans, preventing dilution of institutional lender power during insolvency proceedings.
Read articleIRDAI Imposes ₹1 Crore Penalty on ICICI Lombard General Insurance
IRDAI penalises ICICI Lombard ₹1 crore following a 2019 inspection, highlighting the long-tail risks of regulatory audits and the need for robust historical data trails.
Read articleCBI Files ₹1,322-Crore Fraud Case Against Essel Group Chairman
The CBI has booked Subhash Chandra following a complaint by LIC Housing Finance regarding alleged cheating and criminal conspiracy in high-value loan accounts.
Read articleNBFCs Seek RBI Clarity on TRAI 1600 Series for Debt Recovery
NBFCs have approached the RBI to clarify if debt recovery calls qualify for the 1600 numbering series, addressing concerns over high call-blocking rates by customers.
Read articleRBI Permits UCBs to Acquire Equity in IDPIC for Fraud Intelligence
The RBI now allows Urban Co-operative Banks to acquire equity in IDPIC, granting them access to the national digital payment fraud intelligence network.
Read articleMSME Bodies Contest RBI Proposed Curbs on NBFC Revolving Credit
Industry bodies warn that proposed RBI restrictions on NBFC revolving credit could increase borrowing costs and trigger a working capital squeeze for Indian MSMEs.
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