India: Finance and Banking

Between January and April 2026, the Securities and Exchange Board of India (“SEBI”) pushed through a dense cluster of circulars and regulatory amendments – touching everything from merchant banker registration to the way retail investors receive an abridged prospectus. Some of these changes were long overdue; others were triggered by market stress. All of them, taken together, amount to a fairly significant recalibration of how India’s capital markets participants will need to conduct themselves going forward.

The Indian corporate financing landscape has evolved significantly, with companies increasingly exploring alternatives to traditional bank funding and equity dilution. One such sophisticated instrument is the issuance of listed Non-Convertible Debentures (NCDs), which allows companies to raise debt capital from institutional investors while maintaining ownership control.

A well drafted partnership deed is the backbone of any partnership firm. While many businesses focus on starting operations quickly, the real legal protection lies in defining the relationship...

India's External Commercial Borrowing regulations have undergone significant amendments effective February 16, 2026, introducing substantial changes to pricing caps, end-use restrictions, and borrowing limits.

Reserve Bank of India through circular no. RBI/2026-27/10 A.P. (DIR Series) Circular No. 06 dated 10.04.2026 notified the amendment to the Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025.

The Supreme Court has, through a recent decision (2026 INSC 201), now conclusively settled a long-standing controversy under the Insolvency and Bankruptcy Code...

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.

The Mutual Funds Regulations 2026 of SEBI together with the new expense ratio framework will establish new methods for Indian mutual funds to charge investors and disclose their expenses...

Over the past decade, lending relationships between the United Arab Emirates and India have deepened significantly. Indian nationals form one of the largest expatriate communities in the UAE. Indian-owned SMEs, family businesses, and cross-border trading entities routinely access UAE banking facilities.

Between January and April 2026, the Securities and Exchange Board of India (“SEBI”) pushed through a dense cluster of circulars and regulatory amendments – touching everything from merchant banker registration to the way retail investors receive an abridged prospectus. Some of these changes were long overdue; others were triggered by market stress. All of them, taken together, amount to a fairly significant recalibration of how India’s capital markets participants will need to conduct themselves going forward.

India's External Commercial Borrowing regulations have undergone significant amendments effective February 16, 2026, introducing substantial changes to pricing caps, end-use restrictions, and borrowing limits.

The Securities and Exchange Board of India ("SEBI") vide its circular dated 07.04.2026 ("SEBI Observations Circular")1 has granted a one-time relaxation with respect to the validity of SEBI observation letters issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 ("ICDR Regulations").