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Legal News

BANKING FINANCE

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March 2025

In the recent Supreme Court's judgment in the CORE (Central Organisation for Railway Electrification) vs ECI-SPICSMOMCML case on the appointment of arbitrators, the intended result and reactions have been contrasting.

Legal News

Don't misread arbitration ruling

The court has doubled down on the legal position that was laid down by it in TRF v. Energo Engineering Projects (2017) and Perkins Eastman Architects DPC v. HSCC (India) Ltd (2019) cases: unilateral appointment of an arbitrator - where one party has direct or indirect control over the selection of an arbitrator to resolve disputes - is prohibited.

But India Inc seems to have misunderstood the judgment. What was a judgment in favour of neutral, transparent and process-driven arbitration has resulted in the industry moving away from arbitration. Yes, most loan agreements that India Inc used until 2019 contained arbitrator appointment clauses that were unilateral in nature. But this does not mean that the only recourse available to them is to go to courts and ask them to appoint arbitrators or to abandon arbitration altogether.

BANKING FINANCE

Esta historia es de la edición March 2025 de BANKING FINANCE.

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MÁS HISTORIAS DE BANKING FINANCE

BANKING FINANCE

Ind AS and the Indian Banking Sector: A Comprehensive Journey Through Transparency and Transformation

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time to read

12 mins

July 2025

BANKING FINANCE

Mutual Fund News

Sebi Demands Rs 5.35 Cr from OPG Securities in NSE Colo Case

time to read

4 mins

July 2025

BANKING FINANCE

Foot soldiers battle low pay

Business correspondents (BCs) have played a stellar role in increasing the reach of banking services to the unbanked and underserved segments across the country. And the numbers prove it.

time to read

4 mins

July 2025

BANKING FINANCE

BANKING FINANCE

Zero Trust Architecture in Financial Institutions: A Strategic Shift in Cybersecurity "Never trust, always verify."

The Zero Trust Security Model is a modern approach to cybersecurity that assumes no user or system should be inherently trusted-whether they're inside or outside the network. It emphasizes rigorous verification, minimal access, and constant oversight to prevent breaches and limit their impact.

time to read

6 mins

July 2025

BANKING FINANCE

India's Asset Management Landscape: The Path to Financial Empowerment

Gold has been in the spotlight with its record-breaking rally, surpassing the Rs.88,310 per 10 grams mark for the first time, as geopolitical and economic uncertainties drove investors toward the safe-haven asset.

time to read

10 mins

July 2025

BANKING FINANCE

Industry News

Elon Musk's Starlink has received the Global Mobile Personal Communication by Satellite (GMPCS) licence from the Indian government, clearing the path for launching commercial satellite communication services in the country.

time to read

9 mins

July 2025

BANKING FINANCE

Why Experience Still Matters: The Untapped Power of India's Former Banking Talent

Retired banking professionals have an opportunity to contribute to a sector that promises to be a key enabler in India's aspiration to become the third largest economy in the world by 2028. The Micro, Small and Medium Enterprise (MSME) sector in India has been a huge growth driver, contributing to around 30 percent of India's GDP, 45 percent of its manufacturing output and 48 percent of exports, and providing employment to around 11 crore people.

time to read

6 mins

July 2025

BANKING FINANCE

BANKING FINANCE

RBI CIRCULAR

Aadhaar Enabled Payment System - Due Diligence of AePS Touchpoint Operators

time to read

4 mins

July 2025

BANKING FINANCE

BANKING FINANCE

Legal News

Directorate of Public Grievanees to cover cases related to I-T, customs duty

time to read

2 mins

July 2025

BANKING FINANCE

Payments competition could police bank fraud across India

Bank frauds in India have tripled in value. But that's only because some of the cases reported previously were re-investigated and appeared in the new data.

time to read

2 mins

July 2025