RBI on NBFC Underwriting Standards: A Clear Regulatory Message to the Sector RBI on NBFC underwriting standards has once again come to the forefront following a high-level interaction between the Reserve Bank of India and senior leadership of select non-banking financial companies. The message from the regulator was measured, yet firm—credit growth must be supported by strong underwriting discipline, vigilant asset quality monitoring, and ethical conduct at every level of lending. At a time when […]

SEBI AI Cyber Safety Tool and the New Era of Risk-Based Supervision SEBI AI Cyber Safety Tool represents a major leap in how India’s capital markets regulator is strengthening cyber preparedness across regulated entities. As digital participation deepens and market infrastructure becomes increasingly technology-dependent, cyber resilience has moved from being a compliance requirement to a systemic necessity. Speaking at the Bombay Stock Exchange, the Chairman of Securities and Exchange Board of India, Tuhin Kanta Pandey, […]

SEBI Merchant Banker Net Worth Norms and a Clear Shift in Regulatory Expectations SEBI Merchant Banker Net Worth Norms mark one of the most consequential regulatory upgrades for India’s capital market intermediaries in recent years. With India emerging as one of the world’s most active equity issuance hubs, the market regulator has moved decisively to ensure that merchant bankers managing public fund-raising are financially strong, professionally governed, and capable of absorbing market stress. Through amendments […]

SEBI Cancels Research Analyst Licence A headline that has sent a clear and firm message across India’s capital markets ecosystem. The Securities and Exchange Board of India (Securities and Exchange Board of India) has cancelled the registration of a licensed research analyst after uncovering serious compliance lapses that allowed his credentials to be misused by an unregistered advisory firm. This regulatory action is not merely about one individual. It reflects SEBI’s growing intolerance towards lax […]

NBFC Balance Sheets FY25: Loan Growth Drives Expansion Amid Sectoral Divergence NBFC balance sheets FY25 witnessed a sharp expansion, driven primarily by robust growth in loans and advances, according to the Trend and Progress of Banking in India report released by the Reserve Bank of India. While the overall health of the sector improved on several parameters, including asset quality and capital adequacy, the data also highlights persistent stress in the microfinance segment. The RBI’s […]