AK & Partners

Stay updated and make informed decisions in the ever-evolving world of banking and finance; subscribe to our newsletter now at https://lnkd.in/dc8uaNQb 💼🌐 Check out top stories from this week's AKP Banking & Finance Digest to stay ahead of the game! 🚀 🔹Regulatory Updates: RBI updates e-mandate framework 🔹Trends: CCI approves Warburg Pincus' INR 4,630 crore acquisition of Shriram Housing 🔹Sector Overview: NBFCs sector to slow down in Fiscal Year 2025, per ICRA report 🔹Business Updates: HDFC Bank rejects Mitsubishi Financials’ proposal to buy its NBFC arm Read all the significant regulatory and financial updates from the last week at - https://lnkd.in/gMHkCn9F Kritika Krishnamurthy Anuroop Omkar Shreyas Mehrotra #AKPupdates #AKPnewsletter #AKPbankingfinancenewsletter #reservebankofindia #RBI #India #penalty #business #innovation #finance #digital #fintech #privateequity #banking #inclusion #bank #masterdirections

Stay updated and make informed decisions in the ever-evolving world of banking and finance; subscribe to our newsletter now at https://lnkd.in/dc8uaNQb 💼🌐 Check out top stories from this week's AKP Banking & Finance Digest to stay ahead of the game! 🚀 🔹Regulatory Updates: RBI modifies NBFC-P2P directions amid compliance concerns 🔹Trends: Fintechs urged to join National Cyber Fraud Reporting Portal 🔹Sector Overview: RBI deputy governor urges banks to be cautious with third-party vendors 🔹Business Updates: Jocata launches ‘One Case Manager' to help financial institutions comply with RBI’s circular Read all the significant regulatory and financial updates from the last week at - https://lnkd.in/gpfMhJYb Kritika Krishnamurthy Anuroop Omkar Shreyas Mehrotra #AKPupdates #AKPnewsletter #AKPbankingfinancenewsletter #reservebankofindia #RBI #India #penalty #business #innovation #finance #digital #fintech #privateequity #banking #inclusion #bank #masterdirections

The Reserve Bank of India (RBI) now allows retail CBDC transactions through non-bank Payment System Operators (PSOs). 💳 🚀 As India navigates this new era of digital currency, integrating non-bank PSOs into the CBDC ecosystem is set to revolutionise how we transact, offering a secure and efficient alternative to traditional payment methods. 🤝💡 Stay ahead of the curve with our latest insights on this transformative development in the fintech landscape. Read more on our article on Chambers and Partners, which was authored by Ms. Kritika Krishnamurthy - https://lnkd.in/g846_Ayd Anuroop Omkar AK & Partners #CBDC #DigitalRupee #Fintech #DigitalPayments #IndiaFinance #RBI #PSO #Blockchain #Innovation #FinancialInclusion

🕊️🌟 Early bird registrations for the One-Day Consultation on Promoting Private Sector Participation and Capitalization in Municipal Solid Waste Management in India 2024 are now OPEN! 🚀✨ Bridge Policy Think Tank, in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and, the Ministry of Housing and Urban Affairs (MOHUA), is organising this vital consultation to tackle the challenges of Solid Waste Management (SWM). 🌍♻️ 🌱 Our aim is to unite key stakeholders from various sectors to engage in dynamic discussions and collaborative efforts to elevate India’s SWM practices to international standards. 🌟🤝 This exclusive consultation is tailored for policymakers, industry leaders, environmental specialists, and others dedicated to improving SWM in India. 🌏💼 🛑 Please note, this is a closed-door consultation with only 50 limited seats! Registration is open on an invitation basis only. 🎟️📋 If you wish to apply, kindly fill out this form - https://lnkd.in/eigTfpQb 📄✍️ We are thrilled to announce that the Mitigation Action Facility, International Climate Initiative, UK Government, European Union, Danish Ministry of Climate, Energy and Utilities, German Energy Solutions Initiative of the Federal Ministry for Economic Affairs and Climate Action , Children's Investment Fund Foundation (CIFF), are our supporting partners! 🤝 In addition, British Business Group Delhi, European Business Group India, TERI - The Energy and Resources Institute, SCC Online and Eastern Book Company are our supporting partners. 📚💡 Kindly note that GIZ and Bridge Policy Think Tank reserve the right to disqualify registrations as necessary. In case of any queries, you can reach out to us at - [email protected] 🗓️ Don't miss this opportunity to contribute to India's SWM transformation! 🌟 Bridge Policy Think Tank Kritika Krishnamurthy Anuroop Omkar Abhilasha Pant Navneet Bhatia Jai Kumar Gaurav #SolidWasteManagement #SWM2024 #India #PrivateSector #SustainableDevelopment #EnvironmentalProtection #UrbanDevelopment #PublicPolicy #GIZ #BridgePolicyThinkTank #MOHUA #SustainableIndia #ClimateAction #GreenEconomy #CircularEconomy #WasteManagement #Collaboration #PolicyMaking #EnvironmentalSustainability

✨ AK & Partners sends heartfelt greetings of the 78th Independence Day 2024! ✨ This year’s theme, Viksit Bharat, reflects our shared ambition to transform India into a developed nation by 2047. 🎉🇮🇳 As we honour this day, let’s renew our commitment to innovation and progress, working together to create a prosperous and inclusive future for all. 💡🤝 Kritika Krishnamurthy Anuroop Omkar AK & Partners #IndependenceDay #ViksitBharat #IndiaAt2024 #Innovation #Progress #InclusiveIndia #AKP

Stay updated and make informed decisions in the ever-evolving world of banking and finance; subscribe to our newsletter now at https://lnkd.in/dc8uaNQb 💼🌐 Check out top stories from this week's AKP Banking & Finance Digest to stay ahead of the game! 🚀 🔹Regulatory Updates: RBI announces key Digital Lending and Payments updates 🔹Trends: NPCI explores biometric authentication for UPI transactions 🔹Sector Overview: Credit card spending via UPI hits INR 10,000 crores monthly 🔹Business Updates: Jio Finance App launches in Paris, facilitates payments at iconic landmarks Read all the significant regulatory and financial updates from the last week at - https://lnkd.in/gjNVewVM Kritika Krishnamurthy Anuroop Omkar Shreyas Mehrotra #AKPupdates #AKPnewsletter #AKPbankingfinancenewsletter #reservebankofindia #RBI #India #penalty #business #innovation #finance #digital #fintech #privateequity #banking #inclusion #bank #masterdirections

In a significant judgment, the Supreme Court addressed the concerns of borrowers who were not allowed to be heard before their accounts were classified as 'fraudulent' by banks. 🔒🛡️ The court emphasised the fundamental principles of natural justice, particularly the audi alteram partem principle, asserting that borrowers must be allowed to present their case. 🏛️ This decision mandates that banks provide borrowers with a copy of the forensic audit report and allow them time to submit a representation before labelling their accounts as fraud. ⚖️ Read about the implications of the Court’s decision on the RBI Master Directions on Fraud here, in an article titled, – 'Right to be heard in a Bank classifying account as Fraud,' by Anuroop Omkar on Mondaq 🏦 https://lnkd.in/gqUuxvHm Kritika Krishnamurthy Anuroop Omkar AK & Partners #LegalUpdate #Banking #NaturalJustice #RBI #SupremeCourt #FraudClassification #BorrowerRights

🚨 Compliance Alert: MCA Penalties for SBO Disclosure 🚨 The Ministry Of Corporate Affairs (MCA) has fined several companies for failing to disclose Significant Beneficial Ownership (SBO) details. This move emphasises the importance of accurate and complete disclosure in corporate governance. Read now to know more in this article on Mondaq by Kritika Krishnamurthy - https://lnkd.in/gmV8FZ_q AK & Partners Anuroop Omkar Kritika Krishnamurthy #CorporateCompliance #SBO #MCA #Governance #LegalUpdate

The Reserve Bank of India issued a circular directing faster reporting of Credit Information for Credit Card Information Companies (CICs), and Credit Institutions (CIs). Read here for more information! Kritika Krishnamurthy Anuroop Omkar #RBI #Credit #CreditCard #CIC #CI #Reporting #RBIcircular #CreditInformation #CreditInstitutions #Regulations

Stay updated and make informed decisions in the ever-evolving world of banking and finance; subscribe to our newsletter now at https://lnkd.in/dc8uaNQb 💼🌐 Check out top stories from this week's AKP Banking & Finance Digest to stay ahead of the game! 🚀 🔹Regulatory Updates: RBI releases report on Currency and Finance 2023-24 🔹Trends: Yes Bank stake sale depends on bidders meeting local banking norms 🔹Sector Overview: RBI’s stricter liquidity norms credit positive for banks, as per Moody’s report 🔹Business Updates: Paytm introduces India’s first NFC card soundbox for offline merchants Read all the significant regulatory and financial updates from the last week at - https://lnkd.in/gqqtXPpP Kritika Krishnamurthy Anuroop Omkar Shreyas Mehrotra #AKPupdates #AKPnewsletter #AKPbankingfinancenewsletter #reservebankofindia #RBI #India #penalty #business #innovation #finance #digital #fintech #privateequity #banking #inclusion #bank #masterdirections