India: Finance and Banking

In recent years, India has been steadily reshaping its financial regulatory landscape in banking, debt markets, overseas investment, digital finance and asset recovery.

The Indian financial system is anchored by two major intermediaries: traditional banks and Non-Banking Financial Companies (NBFCs). While banks operate under the Banking Regulation Act, 1949, NBFCs are companies registered under the Companies Act, 1956, which primarily engage in lending, investments, and other financial services which are governed by Chapter III B of the Reserve Bank of India Act, 1934.

Securities Exchange Board of India ("SEBI") issued a circular "Safer participation of retail investors in algorithmic trading" dated February 04, 2025, which aimed at ensuring safer participation of retail investors...

For Assessment Year 2016–17, the taxpayer undertook a buyback of 1,90,097 equity shares at a consideration of INR 10 per share, aggregating to INR 19,00,970 which were cancelled as part of the buyback process.

The Reserve Bank of India ("RBI"), through Notification dated July 17, 2025, has included NSDL Payments Bank Limited in the Second Schedule of the Reserve Bank of India Act, 1934 ("Act").

Reserve Bank of India ("RBI") by notification dated 02.07.20251 notified the RBI (Pre-Payment Charges on Loans) Directions, 2025 ("RBI Pre-Payment Charges Directions") to regulate activities...

Twice a year, India’s Ministry of Commerce and Industry consolidates and updates the country’s foreign direct investment ("FDI") policy framework.

In July 2011 the Competition Commission of India ("CCI") published its first decision giving its clearance to a notified transaction.

In November 2008, Deutsche Börse AG and the Bombay Stock Exchange (BSE) concluded a cooperation agreement in which both partners agreed to simplify access to their stock exchanges for companies in their respective markets.

Reserve Bank of India vide notification dated July 02, 2025, has issued Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025.

On October 18, 2007, the MIDC issued a show-cause notice to BI stating therein that various violations of the terms of the Deed had been noticed. Meanwhile, the DRT issued an order of proclamation for the sale of the Plot on October 29, 2007...

On May 08, 2025, the Reserve Bank of India (RBI) issued "The Reserve Bank of India (Digital Lending) Directions, 2025" (the Directions) to reduce consumer risk, enhance regulatory oversight, and ensure more responsible lending behaviour across the rapidly growing digital credit ecosystem in India.