Paperless Contracts – The New Normal In The COVID World

The coronavirus (COVID-19) pandemic has disrupted business processes and altered the way organisations interact with their customers. As work-from-home becomes the new norm and virtual meeting rooms the new office, organisations will increasingly embrace contactless processes that facilitate seamless business continuity without the need for any in-person customer meetings. Taking cognizance of the severe financial …

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A New Digital World for Debt

An acceptance or agreement on debt balances throughout the journey of the debt is good for the borrower and lender, guarantors, security providers, auditors of the debtor, prospective lenders, credit rating agencies, credit scorers, policymakers with data of macro-level indebtedness, and the quasi-formal judicial system that will resolve the disputes without going to the formal …

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Towards A More Transparent Credit Information Ecosystem

To bring in transparency in the credit information ecosystem and ensure that both the lender and the borrower are privy to the same information, the Reserve Bank of India (RBI) has mandated all Financial Institutions (Banks as well as NBFCs) to register and upload all their loan records on NeSL IU as enshrined in Section …

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