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yes bank

Reserve Bank of India liberalizes ECB policy

On 19 September 2018, the Reserve Bank of India liberalized certain aspects of the external commercial borrowings (ECB) policy through A P (DIR Series) Circular No. 9 of 2018. The circular amended the 2016...

Reserve Bank of India releases new banking guidelines

On 22 February the Reserve Bank of India (RBI) released the Guidelines for Licensing of New Banks in the Private Sector, paving the way for new private sector banks to obtain licences. The guidelines...

Options trading in India and the changes made by the Reserve Bank of India

The Reserve Bank of India must review its position on put options or risk driving foreign investors away Umakanth Varottil explains Put options provide a customary and useful exit mechanism to foreign financial investors such as...

Reserve Bank of India eases ECB requirements

The Reserve Bank of India (RBI) on 20 April issued two circulars amending external commercial borrowing (ECB) norms. Circular 112 amends norms relating to the refinancing and rescheduling of ECBs, while circular 111 liberalizes...

Reserve Bank of India tweaks borrowing norms

The Reserve Bank of India has revised its average maturity guidelines for external commercial borrowing (ECB) in the real estate, industrial and infrastructure sectors under the automatic route, after raising the ECB limit for...
Amit Ronald Charan, Anshita Kaur,HSA Advocates

Impact of covid-19 on project finance, banking transactions

By Amit Ronald Charan and Anshita Kaur, HSA Advocates
Industry has been struggling to cope with the ongoing economic slowdown despite fiscal, monetary and other support from the government. Reduced availability of capital has impacted several industry sectors, one of which is infrastructure....
yes bank

AZB advises struggling Yes Bank on US$2bn FPO

AZB & Partners advised Yes Bank on its ₹150 billion (US$2 billion) further public offering of equity shares that launched on 15 July, while IndusLaw advised the eight bookrunning lead managers on Indian law...
insolvency

Will India’s suspension of insolvency proceedings work?

By Misha and Shreya Prakash, Shardul Amarchand Mangaldas & Co
In the past few months, countries across the world have announced a host of measures to ameliorate the economic distress and disruption caused by the COVID-19 pandemic. A key focus of countries has been...
India

Indian Law Firm Awards 2020

And the winners are ... Rebecca Abraham reports Companies and law firms across India have been grappling with a global pandemic in what was already a challenging market, and are now facing an economic downturn....
yes bank

Yes Bank reconstruction scheme ready

The government has approved the reconstruction scheme for Yes Bank with many leading banks participating in the revival effort including the country’s top public sector bank, State Bank of India (SBI). As part of the...
yes bank

A speedy resolution scheme for Yes Bank

By Sawant Singh and Aditya Bhargava, Phoenix Legal
Other than in the 2008 global financial crisis, bank insolvencies have been rare. The few instances where domestic banks have run into trouble have been dealt with swiftly and without any loss to depositors...
stamp act

Significant amendments made to Indian Stamp Act

The central government vide a notification extended the date on which amendments made to the Indian Stamp Act, 1899, through the Finance Act, 2019, would come into effect on 1 April 2020. Laws pertaining to...
loans

Banking on relaxations for commercial real estate loans

By Devyani Dhawan and Jyotika Bajaj, SNG & Partners
Following the sudden increase of loans to real estate players in the early 2000s and with no effective and orderly risk-management system in place, the Reserve Bank of India (RBI) in 2005 required banks...
Korean

Perspectives on Korean investment in India

By Rajat Prakash and Siddharth Mahajan, Athena Legal
India has gradually liberalized its norms for attracting foreign direct investment (FDI). South Korea has emerged as one of the largest contributors to FDI. More than 500 South Korean companies, including Samsung, LG, Hyundai,...
M&A

Regaining momentum: Outlook for Indian M&A in UK, Europe

While geopolitical events are slowing deal activity, the country remains an attractive and growing economy with strong long-term prospects The year 2018 witnessed a steady flow of significant, strategic deals and PE investments, with deal...
FDI

India in 2020: Easing restrictions on foreign investment

This article is one of four in an annual Vantage Point series where in-house counsel identify key risks and opportunities in the year ahead Foreign direct investment (FDI) is a major monetary source for India’s economic...
insolvency

Relative priority rule in Indian insolvency law

By Pratik Datta and Varun Marwah, Shardul Amarchand Mangaldas & Co
The Insolvency and Bankruptcy Code (Amendment) Act, 2019 has moved towards recognizing the absolute priority rule (APR). This rule suggests that in an insolvency resolution, the claims of a class of creditors must be...
data protection

Data privacy in India

By Shahana Chatterji and Sohini Chatterjee, Shardul Amarchand Mangaldas & Co
India is working quickly to establish its foundation law on data protection The present legal framework on data privacy in India is limited in nature. It consists of the Information Technology Act, 2000 (IT Act)...
regulatory sandbox

Closer look at Reserve Bank’s proposed regulatory sandbox

By Shilpa Mankar Ahluwalia, Shardul Amarchand Mangaldas & Co.
The Reserve Bank of India (RBI), last month, released a draft of the “Enabling Framework for Regulatory Sandbox”. A sandbox is a framework that allows regulation to evolve and keep pace with innovation in...
Ravi-Singhania-Rudra-Srivastava-Singhania-&-Partners-business-law

Why it’s easier doing business in India

By Ravi Singhania and Rudra Srivastava, Singhania & Partners
India has been one of the fastest growing economies for decades and has been a favoured business destination for large multinational corporations. Many of these, even after having set up their businesses in India,...