Home > Expertise > Practice Areas > Financial Services
OUR
PRACTICE
Very few firms in India have a dedicated financial services group; it is complex and requires an in–depth understanding of myriad regulations, necessitating experience in dealing with a number of regulators, each of whom has a different set of established practices and functioning. AZB’s Financial Services team comprises lawyers who specialise in specific regulations and have extensive experience in dealing with specific regulators in India.
We are optimally placed to offer nuanced and specialised advisory services to each heavily regulated client category, going beyond regular compliance work. This, inter alia, includes assistance with setting up operations in India including entry–level strategies, restructurings, new financial product offerings and the development of new products.
We have an established track record of supporting and advising our clients on contentious matters before various governmental and regulatory authorities, which helps us to provide cogent, end–to–end advice. Our dedicated forensics team works with the lawyers to specifically assist our clients with regulatory investigations, enquiries and other proceedings, including insider trading, market manipulations, and so on.
On the transactional side, we assist leading players in some of the most high–value and complex domestic and cross–border M&A (including restructurings) and private equity deals in this sector. Some of these transactions have set precedents for the industry.
The team also spearheads various policy initiatives and maintains a regular interface with regulators for impact assessment of new regulations, regulatory representations on policy and legal changes impacting financial services sector regulation, advising and representing industry groups before financial regulators, and assisting regulators on rule–making through representation on regulatory committees and participating in public consolidation processes.
We proactively ensure our clients stay informed of new regulatory and policy changes with potential impact on their business / operations and how best to navigate them with the least disruption. Our detail–oriented and nuanced approach creates confidence in our ability to deliver qualitative work even in difficult and truncated timelines.
GET IN TOUCH
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Anil Kasturi
Senior Partner
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Ashwath Rau
Senior Partner
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Vaidhyanadhan Iyer
Senior Partner
WHAT
WE DO
We analyse the structure and key considerations for legal and regulatory due–diligence exercises basis the client’s risk appetite. We deep dive into the business and product offerings, keeping in mind our clients’ commercial objectives, to help identify critical red flags / risks associated with any matter and work towards offering pragmatic solutions. Leveraging our vast experience to tailor advice, we anticipate risks to steer the course of deal–making to arrive at the most favourable outcomes.
RECENT WORK HIGHLIGHTS
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On its USD 1.5 billion investment in Axis Bank
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On CDPQ’s investment in ECL Finance
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On the sale of its investment banking and securities broking business to Axis Bank
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On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
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On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
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On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
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On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
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On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
-
On its USD 1.5 billion investment in Axis Bank
-
On CDPQ’s investment in ECL Finance
-
On the sale of its investment banking and securities broking business to Axis Bank
-
-
On the USD 3.3 billion merger of GRUH Finance, its subsidiary, with Bandhan Bank
-
On its acquisitions of (i) Capital First, including its housing finance and stock broking subsidiaries (ii) Grama Vidiyal Micro Finance
-
On its USD 2.4 billion acquisition of Bharat Financial Inclusion, by way of a merger
-
On (i) Multiple rounds of private equity, including from TPG Capital (ii) Applying for and obtaining a license to convert into a small finance bank, as well as related corporate restructuring exercises
-
On its USD 2.4 billion acquisition, through a merger, of ING Vysya Bank, in India’s largest private sector banking merger
-
On its USD 120 billion consolidation with six banks
-
On its USD 340 million acquisition by BNP Paribas
-
On (i) its investments in BillDesk and PayMate; and (ii) the US$ 4.7 billion acquisition of BillDesk by PayU
