Banking & Finance

The Reserve Bank of India released a draft of the Commercial Banks Responsible Business Conduct Second Amendment Directions 2026, introducing the most comprehensive borrower protections in India's debt recovery regime. These directions address a longstanding pain point for Indian borrowers: aggressive, harassment-laden collection practices by recovery agents. The new rules require lenders to disclose recovery agent identities and contact details on demand, prohibit collection

In December 2025, the Securities and Exchange Board of India approved a comprehensive overhaul of mutual fund regulations, replacing the 1996 framework that had governed the industry for nearly three decades. These new regulations represent a watershed moment for India's asset management industry, introducing stricter transparency requirements, restructured fee arrangements, and enhanced investor protections. Understanding these changes is essential for asset management compa

The Reserve Bank of India has cancelled the Certificates of Registration of 35 Non-Banking Financial Companies for non-compliance with regulatory requirements, effective from January 2026. The affected entities are no longer permitted to carry on the business of a non-banking financial institution. This enforcement action is part of the RBI's ongoing effort to rationalise the NBFC sector, remove non-functional or non-compliant entities from the register, and ensure that only

The Reserve Bank of India has issued revised draft guidelines on the Liquidity Coverage Ratio for scheduled commercial banks, proposing significant changes to the run-off factors applied to different categories of deposits and funding. The LCR is one of the two key liquidity standards introduced under the Basel III framework and requires banks to hold a sufficient stock of unencumbered high-quality liquid assets to cover net cash outflows over a 30-day stress period. The prop

SEBI's Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) platform represents a transformative initiative to streamline and simplify the registration and onboarding process for foreign institutional investors in Indian securities markets. This unified platform consolidates regulatory requirements, documentation, and approval workflows previously scattered across multiple regulatory touchpoints. The framework aims to enhance India's compet

The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, commonly known as the Takeover Code, is the primary regulation governing acquisitions of shares in listed companies in India. For any company or individual planning to acquire a significant stake in an Indian listed entity, understanding when an open offer obligation is triggered and how the pricing and process works is fundamental to deal structuring. The Takeover Code was amended in December 2025

The Reserve Bank of India issued the Reserve Bank of India (Digital Lending) Directions, 2025, which came into effect on 8 May 2025, consolidating and updating the RBI's regulatory framework for digital lending in India. These Directions replace and expand upon the 2022 Guidelines on Digital Lending, creating a comprehensive, unified code for all Regulated Entities (REs), including banks, NBFCs, and microfinance institutions, that engage in lending through digital channels or