The Finance Ministry appointed SBI Chairman C S Setty and Uday Kotak as members of the governing council of NIIF Trustee Ltd, replacing Dinesh Khara and T V Mohandas Pai. The NIIF, a ₹40,000-crore quasi-sovereign wealth fund established in 2015, focuses on financing infrastructure projects, including greenfield, brownfield, and stalled ventures.
India’s regulatory landscape is set for major changes in 2025, with three RBI deputy governors, SEBI Chair Madhabi Puri Buch, IRDAI Chair Debasish Panda, and PFRDA Chair Deepak Mohanty nearing the end of their terms.
SEBI’s strict “one rupee, one day” rule mandates credit rating agencies to label any delay in debt repayment, even for technical reasons beyond a company’s control, as a default. This recently led to Axis Finance’s temporary downgrade, highlighting potential volatility and compliance challenges for companies. To prevent such issues, firms may need to adopt measures like escrow accounts to handle technical delays.
