Finance Law and Banking Law

Infrastructure development is a cornerstone of economic growth and a key policy priority for a developing country like India.

The RBI has issued the Reserve Bank of India (Project Finance) Directions, 2025 (‘Project Finance Directions') dated June 19, 2025, to take effect from October 1, 2025 (‘Effective Date').

The July 2025 edition of Fox & Mandal's newsletter examines SEBI's revised disclosure requirements for related party transactions; RBI's framework for sustainable project finance; pledged shares as part of the resolution estate; bar on loan pre-payment charges; draft Registration Bill, 2025; scheme for green hydrogen certification; and other changes in India's corporate, capital markets, real estate, projects, insolvency, and banking sectors.

The High Court of Delhi through its judgment dated 12.02.2026 in Avantha Holdings Limited v. ICICI Bank Limited & Ors. while applying the principle of parity held that where substantial delay on one side is overlooked, …

On the heels of the review initiated by the RBI of the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (Erstwhile Regulations) in October 2025 and after taking into account the feedback received from industry participants and other stakeholders, …

The Reserve Bank of India has issued the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 on February 16, 2026. It substantially revises the framework governing External Commercial Borrowings.

The Securities and Exchange Board of India ("SEBI") has issued two circulars dated 16.01.2026, namely, circular on the Single Window Automatic and Generalised Access for Trusted Foreign Investors ("SWAGAT-FI")...

The treatment of dishonoured cheques has long been a cornerstone of financial accountability under Indian law. Yet, for decades, a persistent ambiguity...

On 15 September 2025, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025 (PA Directions), which was made effective immediately.

The Securities and Exchange Board of India ("SEBI") by way of circular dated 02.01.2026 ("MB Circular"), has specified the consequential requirements...

India's merchant banking industry is entering a more demanding regulatory phase in which capital strength, liquid buffers and governance standards will matter as much as deal making credentials.

The Reserve Bank of India's ("RBI") Commercial Banks – Governance Directions, 2025 ("Directions") mark a decisive shift in how Indian banks are expected...