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ARTICLE · 22 FEBRUARY 2023

JSA Newsletter - Finance

JSA Advocates & Solicitors
JSA Advocates & Solicitors
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This Newsletter sets out some of the key legislative and regulatory updates in the banking and finance space for the month of December 2022.

IndiaFinance and Banking
Aashit Shah
Aashit Shah
Utsav Johri
Utsav Johri
Sahil Unadkat
Sahil Unadkat
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This Newsletter sets out some of the key legislative and regulatory updates in the banking and finance space for the month of December 2022.

Offshore subsidiaries and branches of Indian banks and All India Financial Institutions permitted to deal in structured financial products

The Reserve Bank of India ("RBI") has issued the notification dated December 1, 2022, titled 'Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centres (IFSCs) - Compliance with statutory/regulatory norms' ("RBI Notification").

The RBI Notification permits the subsidiaries/branches of Indian banks and AIFIs operating outside India and in GIFT City to deal in financial products (including structured financial products) that are not specifically permitted in the domestic market, subject to certain conditions specified in the RBI Notification, without the prior approval of

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