India: Securitization & Structured Finance

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...

The introduction of Section 194T by the Finance (No. 2) Act, 2024 in the Income-tax Act, 1961 (‘Act'), represents a pivotal shift in the tax regime governing payments...

Within weeks of the Securities and Exchange Board of India ("SEBI") introducing its Framework for Environment, Social, and Governance ("ESG") Debt Securities (excluding green debt securities) ("ESG Framework")...

‘The June 2025 edition of Fox & Mandal's newsletter examines SEBI's proposed changes to the regulatory framework for FPIs investing in sovereign bonds; lifting of restrictions on FPIs in the corporate debt market; necessity of establishing time value of money under IBC; priority of RERA obligations over conflicting mortgage arrangements; enhanced EPR compliance for plastic reuse and recycling; and other changes in India's corporate, capital markets, real estate, insolvency, and banking sectors.'

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!

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.

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.

Welcome to the SARFAESI Newsletter for May 2025. This edition highlights significant recent legal developments under the Securitisation and Reconstruction of Financial Asset...