India: Finance and Banking

Subscribe

Finance law and banking law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital adequacy, BASEL, acquisition finance, debt capital markets, fund finance, islamic finance, securitization and structured finance.

RBI Notifies Master Directions On Authorisation To Operate A Payment System

1. Applicability – Under the Payment and Settlement Systems Act, 2007 (“PSS Act”), no person can operate a payment system without an authorisation issued by RBI in accordance with the PSS Act. PS directions are applicable only on entities applying for authorisation or authorised to operate a payment system under the PSS Act. Such authorisation is based on an ‘on-tap basis’

Sagus Legal

SEBI Issues Updated Master Circular For AIFs

SEBI, through notification dated 03.06.2026, issued the updated Master Circular for Alternative Investment Funds (“AIF Master Circular”), consolidating the circulars released by SEBI with respect to Alternate Investment Funds (“AIFs”) after the previous master circular on AIFs was issued on 07.05.2024 (“Existing Master Circular”).

Sagus Legal

RBI's Revised Framework For Agency Business And Third-Party Product Distribution By NBFC's

The package comprises two parallel tracks: (a) amendments to the master directions in relation to the undertaking of financial services applicable to each regulated entity respectively; and (b) amendments to the master directions governing responsible business conduct (RBC) applicable to each regulated entity respectively, which introduce comprehensive requirements on advertising, marketing, sale, and conduct, including an express prohibition on compulsory bundling, a codified mis-selling framework with mandatory refunds, and regulation of dark patterns.

KC

Khaitan & Co LLP

インドにおけるオルタナティブ投資ファンド(AIF）市場の拡大

India's alternative investment fund (AIF) market has evolved dramatically, with sophisticated investors now seeking direct access to specific high-conviction deals rather than committing to entire fund portfolios.

A

Acuity Law

The Legal Architecture Of A Successful IPO: Lawyers, Merchant Bankers, Auditors And Promoters Working Together

AA

Agama Law Associates

MoF Notifies Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026

Sagus Legal

SEBI Master Circular For Alternative Investment Funds (AIFs): Consolidating The Regulatory Framework

A

Acuity Law

RBI Opens The Exit Door For Low-Risk NBFCs, But The Fine Print Demands Attention

AP

AZB & Partners

RBI Clarification On FCNR(B) Rebooking And Lending Against Deposits: Regulatory Flexibility In Foreign Currency Deposit Structures

LP

Legitpro Law

RBI’s Master Direction On Credit Derivatives, 2026: Strengthening India’s Regulatory Framework For Credit Risk Transfer

LP

Legitpro Law

Equity Capital Markets

KC

Khaitan & Co LLP

GIFT City & HFT Regulatory Disputes

AA

Agama Law Associates

新規株式公開（IPO）の準備：プロモーターのための体系的アプローチ

A

Acuity Law

Banking & Finance Updates - June 2026

KS

King, Stubb & Kasiva

How Smart Business Foundations Support Sustainable Growth?

India Commercial

MH

Mansukhlal Hiralal & Co.

What The DPDP Act Means For Cross-Border Data And GCC Operations In India

Worldwide Privacy

IMC Group

New Rent Rules 2026: Model Tenancy Act, Digital Rent Authorities And Overstay Penalties For Landlords And Corporate Tenants

India Real Estate

LP

Legitpro Law

Episode 7: Trends And Technology In White-Collar Crimes | Transforming India (Season 2) (Video)

J

JSA

RBI Cancels 150 NBFC Registrations: What Section 45-IA Reveals About The Supervisory Framework

India Commercial

LP

Legitpro Law

See more

Related Country Guides

Secured Lending

Project Finance

Alternative Investment Funds

Capital Adequacy/BASEL

Corporate & Commercial Updates - June 2026

The Securities and Exchange Board of India (“SEBI”) has issued an updated Master Circular consolidating various circulars and regulatory instructions relating to securities market surveillance.

India Commercial

KS

King, Stubb & Kasiva

よくある質問：インド保険法の基礎とIRDAI 規制体制

インド保険市場の構造、関係者、そして法的枠組みに関する入門ガイド

India Insurance

A

Acuity Law

Regulatory Updates (April 2026)

Under Regulations 44(1) and 59C of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, a public issue may be opened within twelve months and eighteen months respectively from the date of issuance of SEBI observations. SEBI received representations from the industry body highlighting difficulties faced by issuers in mobilizing resources and accessing capital markets due to ongoing geopolitical tensions in the Middle East

HS

Hammurabi & Solomon

RBI Introduces Structured Framework for Resolution of Calamity-Impacted Borrowers: Key Amendments to the All India Financial Institutions Directions

IL

IndiaLaw LLP

Order In The Markets: SEBI's Regulatory Reset Of Early 2026

India Commercial

La

Luthra and Luthra Law Offices India

Unlocking Debt Capital: A Comprehensive Guide To Issuance Of Listed NCDs By Private Limited Companies In India

India Commercial

KS

King, Stubb & Kasiva

Key Clauses Every Partnership Deed Must Include

India Commercial

MH

Mansukhlal Hiralal & Co.

RBI’s 2026 Dividend Framework Strengthens Regulatory Parity For Foreign Bank Subsidiaries In India

LP

Legitpro Law

Key Legal Considerations For Financing Indian Businesses Seeking To Establish A Footprint In The UAE

India Commercial

DL

DSK Legal

See more

Debt Capital Markets

MoF Notifies Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026

Ministry of Finance (“MoF”) through notification no. S.O. 3030(E) dated 12.06.2026, notified the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2026 (“NDI Amendment Rules”) to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“NDI Rules”).

Sagus Legal

Recent Developments In India’s Corporate & Commercial Laws - June 2026

Welcome to the latest edition of Fox & Mandal's newsletter highlighting recent developments in India's corporate & commercial laws. In this edition, we examine key aspects of various legal and regulatory changes in the Corporate, Capital Markets, Insolvency, Competition and Real Estate sectors and their impact on the business ecosystem in the country.

India Commercial

Fox & Mandal

Mandatory Compliance With Rule 9 Of SARFAESI Rules: Supreme Court Quashes Sixteen-Year-Old Auction Sale For Statutory Non-Compliance

The enforcement of security interests under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)...

IL

IndiaLaw LLP

How Section 45QA Of The Reserve Bank Of India Act, 1934, Can Bridge The NBFC Recovery Gap

CP

Corporate Professionals

Supreme Court Clarifies Interplay Between IBC Moratorium And Section 138 NI Act Proceedings

India Insolvency

KC

Khaitan & Co LLP

Procedural Non-Compliance And Limitation Defeat Bank’s SARFAESI Action: An Analysis Of The Gopu Bala Reddy V. Union Bank Of India Ruling

IL

IndiaLaw LLP

Mortgage Validity Under Scrutiny: DRAT Chennai Dismisses ICICI Bank’s SARFAESI Appeal Over Defective Title Deed Mortgage

IL

IndiaLaw LLP

Securities And Exchange Board Of India Widens The Permissible End-use Of Fresh Borrowings By Highly Leveraged Infrastructure Investment Trusts

J

JSA

Survival Of Personal Guarantors’ Liability Post-Corporate Resolution Plan: An Analysis Of The NCLAT Ruling In Amit Bhatnagar v. UCO Bank

India Insolvency

IL

IndiaLaw LLP

See more

Charges, Mortgages, Indemnities

Mandatory Compliance With Rule 9 Of SARFAESI Rules: Supreme Court Quashes Sixteen-Year-Old Auction Sale For Statutory Non-Compliance

The enforcement of security interests under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)...

IL

IndiaLaw LLP

Determination Of Financial Versus Operational Debt In Invoice Financing Transactions Under The Insolvency And Bankruptcy Code, 2016

The intersection of supply chain financing and insolvency law has increasingly become a fertile ground for jurisprudential debate, particularly concerning the classification of creditors and the validity...

India Insolvency

IL

IndiaLaw LLP

Mortgage Validity Under Scrutiny: DRAT Chennai Dismisses ICICI Bank’s SARFAESI Appeal Over Defective Title Deed Mortgage

The Debt Recovery Appellate Tribunal at Chennai, in its judgment dated 27 April 2026, delivered a significant ruling on the evidentiary burden required to establish a valid mortgage by deposit of title deeds...

IL

IndiaLaw LLP

National Company Law Appellate Tribunal Clarifies Financial Creditor Status In Third-party Mortgage Transactions Under The Insolvency And Bankruptcy Code, 2016

India Insolvency

J

JSA

When A Loan Takeover Triggers Statutory Arbitration: A Critical Analysis Of The Bombay High Court’s Decision In Aditya Birla Housing Finance Ltd. v. Axis Bank Ltd.

IL

IndiaLaw LLP

Restructured Debt And The Survival Of Registered Charges: NCLAT Affirms Secured Creditor Status In The Absence Of Post-Restructuring ROC Modification

India Insolvency

IL

IndiaLaw LLP

Resolution Professional’s Statutory Mandate Trumps Arbitral Award Execution: The NCLT Chandigarh Perspective On Asset Control During CIRP

India Litigation

IL

IndiaLaw LLP

Acknowledgment Of Debt And Limitation In SARFAESI Proceedings: DRAT Chennai Upholds Secured Creditor’s Enforcement Action

IL

IndiaLaw LLP

HDFC Bank Ltd. v. Rajsri Associates (HUF): DRAT Chennai On Attachment Before Judgment And Post-Order Conduct

India Insolvency

IL

IndiaLaw LLP

See more

Financial Services

RBI Notifies Master Directions On Authorisation To Operate A Payment System

1. Applicability – Under the Payment and Settlement Systems Act, 2007 (“PSS Act”), no person can operate a payment system without an authorisation issued by RBI in accordance with the PSS Act. PS directions are applicable only on entities applying for authorisation or authorised to operate a payment system under the PSS Act. Such authorisation is based on an ‘on-tap basis’

Sagus Legal

SEBI Issues Updated Master Circular For AIFs

SEBI, through notification dated 03.06.2026, issued the updated Master Circular for Alternative Investment Funds (“AIF Master Circular”), consolidating the circulars released by SEBI with respect to Alternate Investment Funds (“AIFs”) after the previous master circular on AIFs was issued on 07.05.2024 (“Existing Master Circular”).

Sagus Legal

RBI's Revised Framework For Agency Business And Third-Party Product Distribution By NBFC's

The package comprises two parallel tracks: (a) amendments to the master directions in relation to the undertaking of financial services applicable to each regulated entity respectively; and (b) amendments to the master directions governing responsible business conduct (RBC) applicable to each regulated entity respectively, which introduce comprehensive requirements on advertising, marketing, sale, and conduct, including an express prohibition on compulsory bundling, a codified mis-selling framework with mandatory refunds, and regulation of dark patterns.

KC

Khaitan & Co LLP

インドにおけるオルタナティブ投資ファンド(AIF）市場の拡大

A

Acuity Law

MoF Notifies Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026

Sagus Legal

SEBI: Re-introduction Of Open Market Buy-backs Through Stock Exchanges

India Commercial

AP

Argus Partners

IBBI Notifies The IBBI (Information Utilities) (Amendment) Regulations, 2026

India Insolvency

Sagus Legal

SEBI Master Circular For Alternative Investment Funds (AIFs): Consolidating The Regulatory Framework

A

Acuity Law

Recent Developments In India’s Corporate & Commercial Laws - June 2026

India Commercial

Fox & Mandal

See more

Latest Videos

See more

RBI's Revised Dividend Framework (2026): Implications For Bank Valuations And Investor Returns (Video)

IL

IndiaLaw LLP

RBI Monetary Penalty Report 2024 - Most Repetitive Violations (Video)

AP

AK & Partners

Episode 4: BFSI – Powering Economic & Infrastructure Growth|Transforming India (Season 2) (Video)

J

JSA

JSA Partner Vikram Raghani Featured On NDTV Profit To Discuss M&A Trends In Indian Banking Sector (Video)

J

JSA

26 Ind AS 2025 Amendments: Supplier Finance, Liability Shifts & Global Tax Rules (Podcast)

AP

AK & Partners

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More