NBFC Business Plan – Your Roadmap to RBI Compliance and Growth “A goal without a plan is just a wish. In finance, a plan is the bridge between vision and trust.” – CS Devyani Khambhati At Estabizz Fintech Private Limited, we often tell promoters: preparing an NBFC Business Plan is like preparing for your toughest exam. The syllabus isn’t just finance; it includes vision, mission, structure, compliance, technology, marketing, governance, and future strategy. Without a […]

100% FDI for Insurance Intermediaries: FDI Insurance Reforms Introduction to FDI Insurance Reforms The Indian government’s recent move to increase the foreign direct investment (FDI) cap in the FDI for Insurance Intermediaries sector from 49% to 100% is a landmark reform that promises to reshape the country’s insurance landscape. This reform aims to attract greater foreign investment, foster competition, and introduce global best practices into the Indian insurance industry. The significance of this reform cannot be overstated. […]

Open AI’s New Fundraising: Transforming Silicon Valley Introduction OpenAI, the developer behind the revolutionary AI tool ChatGPT, is reportedly in discussions to raise $6.5 billion from investors. This fundraising effort aims to support the ambitious growth plans of its co-founder, Sam Altman. If successful, OpenAI’s valuation will soar to approximately $150 billion, making it one of only two American startups valued over $100 billion, alongside SpaceX. The implications extend far beyond a typical tech sensation; […]

Regulatory Circular Issue Date Circular Ref No Subject of Circular SEBI August 30, 2024 SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 Review of eligibility criteria for entry/exit of stocks in derivatives segment SEBI August 22, 2024 SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2024/114 Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024 – Review of statement of investor complaints and timeline for disclosure of statement of deviation(s) SEBI August 20, 2024 SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2024/113 Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs) […]

Comprehensive Guide on Claiming Unclaimed Deposits and Investments Unclaimed investments and deposits are a common financial issue in India as of March 2023. About ₹42,272 crore sits as unclaimed deposits in banks, and approximately ₹2,637.94 crore as unclaimed dividends and units are stowed away with mutual fund houses. This article takes a detailed approach to understanding this concern and outlines a step-by-step guide on how to claim these unclaimed deposits and investments. Exploring the Causes […]