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Financial Services & Fintech Sector
Legal advisory for banks, NBFCs, fintech companies, and asset managers operating in India
India's financial services sector is undergoing rapid transformation — driven by UPI's dominance in payments, the GIFT City IFSC as a growing offshore financial centre, SEBI's expanded regulatory perimeter for AIFs and FPIs, and RBI's evolving framework for digital lending, account aggregators, and payment system operators. Foreign banks, NBFCs, fintech companies, and asset managers all face a complex and fast-evolving regulatory landscape spanning multiple regulators: RBI, SEBI, IRDAI, PFRDA, and the IFSCA (for GIFT City operations). RevLaw advises financial services clients on Indian regulatory compliance, licensing, transactional structuring, and enforcement proceedings.
What We Do
RBI Licensing & Banking Regulation
Advising on RBI licensing requirements for foreign banks, NBFCs, payment aggregators, payment gateways, and prepaid instrument issuers. Guiding clients through the RBI licensing process, master directions compliance, and ongoing reporting obligations.
SEBI Registration & FPI Compliance
Advising foreign portfolio investors (FPIs) on SEBI registration, Category I/II/III classification, investment limits under SEBI (FPI) Regulations 2019, and ongoing compliance including beneficial ownership disclosure and concentration limits.
GIFT City IFSC Advisory
Advising on setting up entities in GIFT City International Financial Services Centre — IFSCA-regulated funds (AIF, fund management), banking units, broking and wealth management. Structuring cross-border transactions through GIFT City with favourable tax treatment.
Digital Lending & Fintech Regulation
Advising fintech companies on RBI's Digital Lending Guidelines 2022, First Loss Default Guarantee (FLDG) norms, account aggregator framework, and Payment Aggregator Guidelines. Structuring fintech partnerships and co-lending arrangements between banks and NBFCs.
AIF & Investment Fund Structuring
Advising domestic and offshore fund managers on SEBI Alternative Investment Fund (AIF) Regulations — Category I, II, and III fund structures, sponsor and manager arrangements, investment restrictions, and FEMA compliance for foreign capital into AIFs.
Financial Regulatory Enforcement
Representing banks, NBFCs, and market intermediaries in SEBI adjudication proceedings, RBI show-cause notices, and enforcement actions by the Enforcement Directorate. Advising on voluntary disclosure, settlement, and consent order applications.
Key Legal Frameworks
RBI Master Directions (Payments, NBFC, Lending)
RBI's consolidated regulatory framework for payment systems, NBFCs, and digital lending — regularly updated.
SEBI (FPI) Regulations 2019
Registration, investment limits, and compliance framework for foreign portfolio investors in Indian securities.
SEBI (AIF) Regulations 2012
Three-category AIF framework for venture capital, PE, hedge funds, and real estate funds.
IFSCA Act 2019 & GIFT City Framework
Unified regulator for GIFT City IFSC — banking, insurance, capital markets, and fund management.
Why RevLaw for Financial Services & Fintech Sector
- Multi-regulator expertise: RBI, SEBI, IFSCA, and IRDAI frameworks across one integrated team
- Specialist GIFT City advisory — IFSCA fund, banking unit, and wealth management structuring
- Experience advising global PE/VC funds and asset managers on SEBI AIF and FPI compliance
- Digital lending and fintech regulatory advisory built on deep understanding of RBI's evolving framework
- Enforcement representation: SEBI adjudication and RBI proceedings alongside transactional practice
Discuss a Financial Services or Fintech Matter
Initial calls are without obligation. We respond within 48 hours.