Insurance Regulatory and Development Authority of India vide Notification No. F. No. IRDAI/Reg/5/212/2025 issued Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2025, effective from 3rd January, 2025. “Regulatory Sandbox” means an environment used in the financial services sector, which provides testing ground for new business models, processes and applications that may not […]

Securities and Exchange Board of India (“SEBI”) has issued Master Circular for Portfolio Managers for effective regulation of Portfolio Managers vide Circular No. SEBI/HO/IMD/IMD-POD-1/P/CIR/2024/80 dated June 07, 2024 which supersedes the Master Circular for Portfolio Managers dated March 20, 2023. Applicability:- It is applicable to all Portfolio Managers and Association of Portfolio Managers in India […]

On July 15, 2024, Reserve Bank Of India issued Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs) superseding the earlier directions on the subject, namely, ‘Master Circular– ‘Classification and Reporting’ (DCBR.CO.BPD.MC.No.1/ 12.05.001/2015-16) dated July 1, 2015. These Directions are issued with a […]

The National Housing Bank (NHB) plays a crucial role in supporting Housing Finance Companies (HFCs) by offering refinance assistance. Let’s delve into the key aspects of this program: Purpose of Refinance Assistance Individual Housing Loans: NHB provides refinance assistance to HFCs for housing loans extended to individuals. This helps HFCs manage liquidity and continue their […]