INFORM: Infrastructure, Projects & Finance – November 2023

The highlights of the current issue are:


  • RBI Releases Non-Banking Financial Company Scale Based Regulation Directions, 2023
  • Non-Callable Deposits – Master Direction on Interest Rate on Deposits
  • Review of Instructions on Bulk Deposits for Regional Rural Banks (RRBs)
  • Credit Information Companies and Credit Institutions Enhance Customer Service
  • Compensation Framework Established for Delayed Credit Information Updation
  • SOP Implemented to Tackle Inflated Billing for Free Ash Transport
  • RBI slaps record-breaking penalty on ICICI Bank and Kotak Mahindra Bank for Norm Violations

Case laws:

  • Determination of Unreasonably Low Bid as Non-Responsive Prejudicial to Public Interest in Strategic Projects: Forfeiture of Bid Security Valid
  • Compensation for Prolongation of Contract: Reservation of Right Essential
  • Weighted Average Principle to be Used Where the Shareholding of a Captive Generating Plant Changes
  • Judicial Review on Tender Conditions to be Restrictive
  • No Stamp Duty on Instruments Executed by or on Behalf of the Government
  • Power of Debarment Not to be Exercised Arbitrarily

Quick Reads:

  • IIFCL Greenlights Rs 8,800 Cr Loans to Bolster Civil Aviation Infrastructure
  • Public Sector Banks Poised to Enhance Loan Risk Assessments
  • SEBI Asks Civic Bodies to Finance Infrastructure via Bonds
  • RBI Cautions Banks Regarding Unsecured Personal Loans, Urges Heightened Surveillance
  • Currency Flow Drops to a Ten-Year Low