The Reserve Bank of India (RBI) has allowed lenders in its revised guidelines for stressed assets complete discretion to design and implement bankruptcy resolution plans, after the Supreme Court scrapped the previous norms. The central […]
The Reserve Bank of India has allowed foreign portfolio investors (FPIs) to invest in municipal bonds issued by various urban local bodies. This will broaden the access of non-resident investors to debt instruments in the […]
The Supreme Court of India has quashed the February 12, 2018, circular for the resolution of stressed assets issued by the Reserve Bank of India (RBI) that had been challenged by various power companies. The […]
The Reserve Bank of India (RBI) has withdrawn the 20 per cent limit on investments by foreign portfolio investors (FPIs) in corporate bonds of an entity with a view to encouraging more foreign investments.The Securities […]
The Reserve Bank of India (RBI) has allowed bidders of insolvent companies to raise external commercial borrowings (ECBs) and use the proceeds to repay the rupee loans of the insolvent companies they are keen on […]
RBI has drawn up a new ECB framework allowing all eligible borrowers to raise up to $750 million per financial year under the automatic route, replacing the existing sector-wise limits. The central bank has also […]
The Securities and Exchange Board of India (SEBI) has streamlined the process for listing real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) by allowing alternative investment funds (AIFs) and other affiliates of merchant […]
The Securities and Exchange Board of India (SEBI) has come out with new norms that entail filing of fresh offer documents in those cases where there has been a change in the issue size by […]
The Securities and Exchange Board of India (SEBI) has eased disclosure norms for initial public offerings (IPOs) and tightened the definition of “promoter group” to prevent fraudulent transactions. As per the new guidelines, IPO issuers […]
The government is considering lowering the approval threshold for resolution plans under the Insolvency and Bankruptcy Code in a move aimed at preventing too many insolvent companies from going into liquidation. At present, more than […]
An ordinance amending the Insolvency and Bankruptcy Code [IBC], 2016, has been passed to help prevent defaulters from bidding for their assets during resolution proceedings and regaining control. The ordinance aims to put safeguards in […]
The central government has unveiled a plan for support of Rs 2.11 trillion for public sector banks in order to spur genuine infrastructure lending for upcoming mega projects. Bad loans and stressed assets in the […]
The Securities and Exchange Board of India (SEBI) has further relaxed regulations to boost investor participation in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Measures include allowing REITs to raise funds by […]
The Reserve Bank of India (RBI) has increased the corporate bond investment limit for foreign portfolio investors (FPIs) by taking out rupee-denominated masala bonds from of the ambit of the total debt investment limit. With […]
China-led AIIB has approved a $150 million equity investment loan to the India Infrastructure Fund, the bank’s first such loan to fund private projects. The fund aims to invest in mid-cap infrastructure companies in India, […]
SEBI has eased rules for investors looking to acquire stressed assets from banks, as it unveiled a series of measures to help lenders deal with rising bad debt, deepen capital markets and boost investor sentiment. […]
Putting in place disclosure norms for municipal bonds, the Securities and Exchange Board of India (SEBI) has asked municipalities to disclose all price-sensitive information and financial results to the stock exchanges. Municipalities proposing to issue […]
In a move that will potentially improve India’s infrastructure funding options, the cabinet allowed state government entities to directly tap bilateral agencies for resources. The new fund-raising route will allow direct borrowing by state public […]
RBI has permitted banks to invest in up to 10 per cent of the unit capital of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Banks’ exposure to REITs/InvITs will be within the […]
The government is holding consultations with RBI to prepare guidelines for a fund that is being proposed to be set up to provide guarantees to lower-rated bonds issued by infrastructure companies and bolster their ratings. […]
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