Mumbai

The Indian banking sector has recorded an impressive improvement in productivity over the last 15 years. A recent IBA-FICCI-BCG report, has projected that the domestic banking industry is set for an exponential growth in the coming years with its asset size poised to touch USD 28,500 billion by the turn of the 2025 from the current asset size of USD 1,350 billion (2010). Growth will bring with it new challenges such as effectively managing larger sized operations and increasing competition. As banks increase their scale of operations and also go global, regulatory compliance and risk management is of paramount importance. 

Over the years, the Reserve Bank of India has introduced stringent regulations on KYC norms, anti-money laundering, and provision of fair treatment to customers and has been exhorting banks to move towards more advanced approaches towards risk management, including compliance risk.  The Reserve Bank of India continues to maintain high standards of regulation and supervision in line with  international norms. Adoption of Basel III, is expected to be implemented by commercial banks by March 2018 and is one of the major steps in this direction.

The securities markets regulated by the  Securities and Exchange Board of India (SEBI) has been playing a pivotal role in developing the primary as well as the secondary markets. SEBI has introduced various policy measures focussing on enhancing market integrity and investor protection, increasing retail participation in Public Offerings, while also laying  emphasis on higher  levels of due diligence, increased levels of disclosures in Offer Documents in a bid to bring greater transparency in the market. 

Our comprehensive range of services includes, assistance with your regulatory authorisation with both SEBI and the RBI, drafting of internal policies and procedures and on-going compliance support.