SEBI has relaxed norms for borrowings through the issuance of debt securities large corporates to meet their financing needs. Under the rule, entities qualified as large corporates are required to meet 25 per cent mandatory borrowing from bonds. Large corporates are those that have an outstanding long-term borrowing of at least Rs 100 crore with a credit rating of ‘AA and above’ and have their debt securities listed on a stock exchange. In case of shortfall or surplus by way of issuance of debt securities, additional or lower contributions, respectively, to the core Settlement Guarantee Fund (SGF) of the Limited Purpose Clearing Corporation (LPCC) needs to be made by the LC Presently, if at the end of three years, there is a shortfall in the requisite borrowings, a monetary penalty of 0.2 per cent of the shortfall in the borrowed amount is levied. To facilitate ease of compliance as well as ease of doing business, the regulator has retained the requirement that compliance with the framework will be met over a contiguous block of three years. The framework will be applicable from April 1, 2024, for LCs following April-March as their financial year, while the same will be applicable from January 1, 2024, for LCs that follow January-December as their financial year.
Which Indian Grandmaster won the Super GM Chess tournament in Hungary?
Prime Minister Narendra Modi recently addressed a gathering after inaugurating and laying the foundation stone for various projects worth 4,800 crore ru...
Who has been re-elected as the President of the European Parliament?
Which bank has recently launched eco-friendly debit card?
Who remarked “The Supreme Court of India has more powers than any other Supreme Court in any part of the world”?
What is the primary objective of Viksit Bharat Sankalp Yatra?
What is the revised additional capital buffer requirement for SBI starting April 1, 2025, as per the RBI’s D-SIB framework?
Which country will be the partner with the state Odisha in the International Gita Mahotsav 2024?
Muzaffer Jang emerged victorious in the _______________ (1749) and appointed Dupleix as his deputy to all the lands to the South of the river Krishna.
Match the following: