Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Dec 31, 2022

RBI Directions on Operation of Subsidiaries/Branches of Indian Banks and AIFIs in Foreign Jurisdictions and IFSCs

RBI has issued a Circular on December 1, 2022, addressing the issue of financial products by overseas/foreign branches of Indian banks and All India Financial Institutions (‘AIFI’). The foreign branches/foreign subsidiaries of the Indian banks and AIFIs (including branches in International Financial Services Centres (‘IFSCs’)) are now permitted to deal in financial products, including structured financial products which are not available / permitted by the RBI in the domestic market. The Circular further prescribes various conditions that the parent Indian bank/AIFIs is/are required to ensure compliance with, in order to enable its/their foreign subsidiaries/branches to offer such products. The operations of such entities are also subject to applicable laws in India, unless specifically exempted. The provisions of this Circular supersede and repeal the previous directions issued by the RBI by way of Circulars dated December 1, 2008, and May 12, 2014 on the subject.

TAGS

SHARE

Subscribe

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

RELATED READING

Inter Alia

Constitution Bench of SC Upheld ‘Group of Companies’ Doctrine

Jan 23, 2024 | Corporate / Mergers & Acquisitions Dispute Resolution
Inter Alia

New Telecommunications Act, 2023 is Now Notified

Jan 23, 2024 | Technology Media and Telecommunication
Inter Alia

Inclusion of Sovereign Green Bonds in Fully Accessible Route

Jan 23, 2024 | Regulatory & Securities