Evolving strategies and structures for credit platforms in India

Friday, February 08, 2019

SESSION: 10:00 AM - 04:30 PM (IST)

Venue: NDA Research Center - Imaginarium AliGunjan, Alibaug (Click here for details)

 

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Agenda Highlights

  • Credit Crisis
  • Setting up offshore credit platforms
  • Fintech and Digitization
  • Industry Perspective – Real Estate & Infrastructure

 

CLICK BELOW FOR DETAILED INFORMATION ON THE UPCOMING CONFERENCE, SPEAKER PROFILES, READING MATERIAL, REGISTERED PARTICIPANTS ETC

 

Introduction

The Indian credit market is probably going through its biggest turmoil. From an offshore credit funding perspective, one of the most popular routes for offshore players to invest debt in the Indian markets, the FPI route, was marginalised by introduction of the new 50/20 rule. Masala bonds did not take off and ECBs continue to remain suboptimal due to regulatory restrictions. Borrowing costs are notching up as sources of domestic credit dry up. As a result, offshore credit players are closely eyeing the opportunities of setting up onshore lending vehicles in the nature of NBFCs, HFCs, AIFs, which have their own set of challenges in terms of ability to list, raise leverage, cash traps and tax efficacy. However, in the after math of the IL&FS crisis and RBI’s close watch on the private lending space, the prospects of such on-shore credit platforms need to be carefully analysed.

On the other hand, IBC providing for a robust enforcement mechanism. The revamped enforcement regime is encouraging, rupee is at an all-time low, NBFCs are available for cheaper valuations than they ever were, but deal activity is still poised as investors are still waiting for the markets to bottom out, for the worst to come. The brunt overall, is being faced by borrowers across the spectrum, who are now faced with the issue of availability of capital itself, and not merely high cost of capital.

As a research oriented firm that spends about 35% time towards research and policy initiatives, we invite you to join a select high profile gathering to discuss the growth and sustainability of credit platforms in India, from a legal, tax and business perspective. The discussion will form a part of the Think Tank created by us to address the credit crisis in India, and collate legal, regulatory and tax recommendations to the regulators.

Flow of the session

09:00 AM – 09:45 AM :

TRAVEL FROM GATEWAY OF INDIA FOR ALIGUNJAN IN NDA SPEEDBOATS

09:45 AM – 10:00 AM :

REGISTRATION

10:00 AM – 10:45 AM :

INAUGURAL SESSION AND MARKET OVERVIEW

 

  • The recent IL&FS crisis and risk management to avoid further crisis
  • India’s position as credit destination vis-a-vis the global markets?
  • Trends in the Indian credit market - its unique opportunities and risk profile

10:45 AM – 11:00 AM :

REFRESHMENTS AND NETWORKING

11:00 AM – 12:45 PM :

EVALUATING CREDIT PLATFORMS

 

  • NBFC/HFC v. AIF
  • Need for ARCs
  • FDI v. FPI v. FVCI v. Masala Bonds
  • Structures for setting up offshore credit funds
  • Consolidation opportunities - merger of NBFC and Banks
  • Managing capitalization and liquidity challenges of NBFC
  • Tax Considerations – Investing directly or through intermediate jurisdictions (Netherlands v. Mauritius v. Singapore v. Luxembourg)
  • Grappling with GAAR issues

12:45 PM – 01:45 PM :

LUNCH AND NETWORKING

01:45 PM – 02:45 PM :

ENFORCEMENT AND REGULATORY CHALLENGES

 

  • How efficient has IBC been?
  • IBC v. SARFAESI
  • Exclusive first charge holder – does it really matter?
  • Challenges in enforcement of pledge, mortgage, hypothecation and other security interests
  • Case Studies on recent enforcements

02:45 PM - 03:00 PM :

REFRESHMENTS AND NETWORKING

03:00 PM - 03:30 PM :

IMPACT OF NBFC CRISIS ON REAL ESTATE AND INFRASTRUCTURE

 

  • Opportunities for credit funds
  • Is refinancing still a good option?
  • Mushrooming investment platforms

03:30 PM - 03:45PM :

REFRESHMENTS AND NETWORKING

03:45 PM - 04:30 PM :

FINTECH: NEW AGE CREDIT INNOVATION AND ROAD AHEAD

 

  • Emerging credit products
  • Payment settlement systems
  • Data privacy
  • New technologies for regulatory compliance

04:30 PM ONWARDS:

HIGH-TEA, NETWORKING AND TRAVEL FROM ALIGUNJAN TO GATEWAY OF INDIA IN SPEEDBOATS

 

For more information (speaker profiles, reading material, venue details etc) on the upcoming event, visit our conference page: https://www.aligunjan.com/event/8thfeb