Dear reader,
Greetings for the day!
For a long time, AK & Partners has been working consistently on the AKP Banking & Finance Digest through which we share weekly regulatory updates of RBI and other financial regulatory bodies of South Asian countries such as Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka. Our intent behind sharing the regulatory updates has been to create awareness towards regulatory frameworks and ease of access for our readers to find banking and finance updates in one place with one click. So far, we have been sharing the same with our readers through LinkedIn and our firm’s website.
After receiving an immensely positive response to our banking and finance digest, we have decided to notch it up a little bit more and spread the reach of banking regulation updates.
We are now excited to present to you, the AKP Banking & Finance Digest Newsletter reaching straight to you in your mailboxes.
We certainly hope that our readers would recognise the efforts that go behind preparing AKP Banking & Finance Digest & find our newsletter interesting!
To start with, here are the highlights from the AKP Banking & Finance Digest- October 17, 2022
- Reserve Bank of India notifies the Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022
- Banks must now obtain prior approval from the Reserve Bank of India before making any appropriation from the Statutory Reserve or any other reserve.
- Reserve Bank of India increases the minimum capital requirement for asset reconstruction companies (ARC).
- RBI issued prudential regulations that expanded the powers of SPDs.
- RBI cancels the license of “The Seva Vikas Co-operative Bank Ltd., Pune, Maharashtra”.
- Mrs Kman Daulagala appointed as the New Deputy Governor of the Central Bank of Sri Lanka.
- The Bangladesh Bank (BB) eased conditions on single-borrower and large loan exposure limits.
Read our Partner Anuroop Omkar’s view on the latest Asset Reconstruction Companies Regulatory Framework in India rolled out by RBI.
Check out our top 5 articles
- Five things to know before facing the Enforcement Directorate under the PMLA 2002
- Read the analysis of the Vijay Madanlal Case, which changed the course of action on PMLA in India.
- Reverse Burden of Proof under the PMLA 2002- Read here to know what changes, and what stays!
- All that you need to know about the Pegasus Panorama
- PMLA vis a vis CrytoExchange
Check out our top digital posts
- RBI’s latest initiatives in the Digital Payments Space.
- Latest Insolvency and Bankruptcy Fees Structure by the Insolvency and Bankruptcy Board.
- Changing regulatory tides for cards & NBFCs
- RBI’s concept note on the Central Banking Digital Currency in India
ABOUT US
We are a full-service law firm. We provide end-to-end hand-holding from the start-up phase to post-acquisition synergy and optimization in equity investment (domestic and international), project finance, debt syndication, data privacy and protection and corporate insolvency rescue. Our regulatory practice strengths include banking and finance, insurance, renewable energy, pharmaceuticals, biotechnology, healthcare and mining.
We provide 360-degree dispute resolution services including negotiation, neutral evaluation, arbitration, mediation and litigation at district courts, tribunals, the High Court and the Supreme Court of India. We provide advisory and dispute resolution services in civil disputes, commercial disputes, real estate disputes, and tax matters including raids, election laws, white-collar crimes and money laundering.
We also handhold our multinational clients in jurisdictions such as Singapore, Italy, Spain, Sri Lanka and Bangladesh through our counsels practising in these jurisdictions.
