Alternate investment funds: An industry at risk of death by a thousand circulars The Importance and Future of Alternate Investment Funds Introduction Alternate Investment Funds (AIFs) are critical drivers of diversified investment strategies but face growing pressures from regulatory complexities. At Estabizz Fintech Private Limited, we believe in empowering businesses to navigate these complexities effectively. Current Landscape and Challenges AIFs, though promising, risk being stifled by intricate and ever-evolving regulatory frameworks. Understanding this landscape and […]

RBI Tightens Personal Loan Rules: Credit Scores Now Updated Within 15 Days Starting January 1, 2025, the Reserve Bank of India (RBI) will enforce a new regulation mandating lenders to update credit records every 15 days. This change aims to enhance the accuracy of credit scores and better represent borrowers’ financial activities. This shift will benefit disciplined borrowers through improved loan deals and reduce risks for financial institutions, ultimately enhancing the overall credit market. Key […]

Income Tax: New tax regime continues to allow these deductions and exemptions Navigating the New Tax Regime: Opportunities for Deductions and Exemptions As businesses and individuals transition to the New Tax Regime (NTR), understanding the nuances of permissible deductions and exemptions becomes crucial. Although many traditional tax-saving instruments such as PPF, ELSS, KVP, and NSC have been phased out, this new landscape still offers valuable opportunities for strategic tax planning. Key Deductions and Exemptions Still […]

FAQs on Requirement of Prior Approval by NBFC for Change in Management The Reserve Bank of India (RBI), through its Master Directions for Non-Banking Financial Companies (NBFCs), mandates obtaining prior written permission for any change in management resulting in more than 30% change in the directors, excluding independent directors (IDs). Key Guidelines by RBI 1. Threshold Calculation for 30% Change in Management Methodology: % change = (New Directors to be appointed / Existing number of […]

Indian IT’s AI conundrum: What model to use—ready-to-build or build-from-scratch Indian IT’s AI Conundrum: Ready-to-Build or Build-from-Scratch India’s largest IT services companies are currently divided on the best approach to developing AI solutions. While some are investing in custom-built small language models, others are opting to build on existing foundational AI tools. Key Players and Strategies Infosys Ltd. and Tech Mahindra Ltd. are building their own small AI models to save costs for their clients. […]