by Majmudar & Partners | Aug 7, 2019 | Banking and Finance, Foreign Investment
Introduction Earlier this year, the Reserve Bank of India (the “RBI”) had revised the framework on external commercial borrowings (“ECBs”), and put in place a new and simplified framework for Indian entities to borrow monies from foreign lenders. (Read our update on...
by Majmudar & Partners | Jun 4, 2019 | Insolvency and Restructuring
On May 24, 2019, the Reserve Bank of India (the “RBI”) released a draft liquidity risk management framework (the “Proposed Framework”), which is proposed to be made applicable to all non-deposit taking non-banking financial companies (“NBFCs”) with a minimum asset...
by Majmudar & Partners | Jan 23, 2019 | Banking and Finance, Foreign Investment
The Reserve Bank of India (the “RBI”) has revised the external commercial borrowings (“ECB”) framework on a regular basis in a bid to make foreign borrowings a lucrative method of raising capital. On December 17, 2018, the RBI replaced the erstwhile regulations on...
by Majmudar & Partners | Apr 13, 2016 | Banking and Finance
Introduction On April 11, 2016, the Reserve Bank of India (the “RBI”) flagged off the Unified Payment Interface (“UPI”) system, which will be a channel that will enable multiple bank accounts to be accessed through a single mobile application (“APP”). The launch of...
by Majmudar & Partners | Dec 16, 2015 | Banking and Finance, Corporate/M&A
Introduction On November 30, 2015, the Reserve Bank of India (the “RBI”) revamped the regime governing external commercial borrowings (“ECBs”) by Indian companies and introduced a revised framework (the “Revised Framework”). The Revised Framework significantly relaxes...
