India: Finance and Banking

On 18 September 2025, the Securities and Exchange Board of India ("SEBI") notified the Securities and Exchange Board of India (Custodian) (Amendment) Regulations,

Non-Banking Financial Companies (NBFCs) and Core Investment Companies (CICs) have an integral position in the financial system of India, especially in bridging the credit gap...

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. We shall now be hosting our weekly updates at Spotify!

RBI's Draft Foreign Exchange Management (Borrowing and Lending) (Fourth Amendment) Regulations, 2025, issued under FEMA, propose a major redesign of India's external commercial borrowing (ECB) framework.

Released alongside the government's review of ECB policy and external debt, the draft signals a move towards a more liberal, market linked and risk based approach.

The Securities and Exchange Board of India (SEBI) vide its circular no. CIR. /IMD/DF/22/2011 - Public issue of Debt Securities- Prohibition on payment of incentives dated 26 December 2011 (Circular) prohibited payment of incentives by a person connected with a public issue of debt securities to a potential investor for making an application for allotment of specified securities

On 6 October 2025, NCLAT's Principal Bench, New Delhi, delivered a terse but telling reminder that the CIRP under the Insolvency & Bankruptcy Code, 2016 is triggered by default, not the degree of disbursement or the robustness of security.

In a recent judgment, the Supreme Court of India in M/s Godwin Construction Pvt. Ltd. v. Commissioner, Meerut Division & Anr. addressed an important issue concerning the correct classification of instruments for the purpose of stamp duty under the Indian Stamp Act, 1899.

The Securities and Exchange Board of India ("SEBI") issued a Circular No. SEBI/HO/MRD/PODIII/CIR/P/2025/112 dated 05.08.2025 ("MIIs Circular")...

On November 28, 2025, the International Financial Services Centres Authority (IFSCA) issued a circular providing formal clarification on the permissibility and operational treatment...

Blended finance is a structuring approach that uses catalytic capital from public or philanthropic sources to improve the risk–return profile of investments...

The Ministry of Corporate Affairs ("MCA") has notified the Companies (Meetings of Board and its Powers) Amendment Rules, 2025 vide notification no. G.S.R. 811(E) dated 03.11.2025 ("Companies Amendment Rules").