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...

The Supreme Court's recent judgment in Shri Shri Swami Samarth Construction & Finance Solution v. Board of Directors, NKGSB Co-operative Bank Ltd. has quietly re-calibrated the balance between special insolvency measures...

This Newsletter covers key Regulatory & Policy Updates, Government Notifications and Judicial Pronouncements.

The Securities and Exchange Board of India ("SEBI") released a circular on 5th July laying down a comprehensive framework for ESG Debt Securities (other than green debt securities).

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 May 27, 2025, the Department of Land Resources under the Ministry of Rural Development invited suggestions and comments on the draft Registration Bill, 2025 ("Bill").

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...