Tag: Banking and finance

The RBI has released a Master Circular on Prudential Norms for Capital Adequacy in Primary Co-operative Banks, which consolidates and updates all the instructions and guidelines on the subject issued up to 19 April 2023

After spending 12 years, including more than five as a partner, at Tilleke & Gibbins, Ho Chi Minh City-based corporate and commercial lawyer Nguyen Quoc Vinh joins Indochine Counsel as a senior counsel

SNG & Partners has promoted Soumyajit Mitra, Subrata Mukherjee and Aditya Vikram Dua to partner, and Sweta Mehta, Samreen Paloba, Rashmi Raveendran and Jahnavi Dwarkadas are now associate partners

Multiple firms have announced the advancement of talent among their various practice groups during April when annual promotions are made for the new fiscal year

The RBI is seeking public comment on a discussion paper on the Securitisation of Stressed Asset Framework (SSAF)

The Ministry of Home Affairs has mandated the State Bank of India (SBI) to report daily reporting on all details of overseas donors, including the purpose of remittances

The government will add virtual assets to the Prevention of Money Laundering Act in a major step towards regulating the cryptocurrency market in India

Singapore-headquartered law firm Helmsman has established new practice groups – commercial disputes, employment, and corporate, banking and finance

The Reserve Bank of India (RBI) has announced an extensive mechanism to accelerate cross-border trade settlements in Indian rupees (INR) in a move to bolster trade in the Indian currency

In a move that aligns with global climate risk mitigation, the RBI has asked banks in the country to promote sustainable financial management and embed ESG policies across their lending portfolio

The Reserve Bank of India (RBI) issued notifications covering a range of foreign investment options to increase foreign exchange inflows in response to a weakening rupee and a tightening of global financial conditions

The Finance Act 2022 has inserted a new section in the Income-tax Act, 1961, under which a person responsible for paying to any resident for the transfer of a virtual digital assets (VDAs) will be able to deduct 1% of the paid amount from his or her income tax

The Reserve Bank of India (RBI) has extended the deadline for card-on-file (CoF) tokenisation from 30 June to 30 September 2022, citing implementation issues highlighted by merchants

The Rural Electrification Corporation (REC) and the Indian Renewable Energy Development Agency (IREDA) became the new lenders in the refinancing of wind turbine

Jindal Steel & Power’s subsidiary, Jindal Steel Odisha, has secured a loan from the State Bank of India (SBI) for INR157.27 billion (USD1.99 billion)

Hylands has appointed Tian Dapeng, Yin Yue, Cai Yuee, Lu Bing and Wang Yuan as partners at the firm’s Beijing headquarters

Two Indonesian law firms William & Hendrik and Siregar & Djojonegoro have merged into William Hendrik & Siregar Djojonegoro (WH&SD)

Phuong Tran has joined Allen & Gledhill as a partner in Ho Chi Minh City