The banking and finance sector is the nervous system connecting the global economy, enabling business and commerce in every corner of the world. The Indian banking industry has played a central part in the country’s economic development, as well as being one of the largest national employers.
After the commercial banking sector was nationalised in 1969, the industry remained largely under government control. By 1980, the Government of India controlled 91% of the banking business in India.
It was only in the early 1990s that the government embarked on a policy of liberalisation. According to the central bank, the Reserve Bank of India, in the fiscal year of 2020 total assets across India’s banking sector–including public, private and foreign banks–increased to US $2.52 trillion.
Aarna Law has an extensive roster of clients in the finance industry, having worked with banks, financial institutions, non-banking financial companies and the new age fintechs and payment gateways. We also have a dedicated team of banking and finance lawyers who specialise in insolvency matters.
Our considerable experience in banking and finance law has enabled us to assist our clients on a wide range of legal issues including: