Bank And Non-Bank License
Setting up of bank and non-bank business in India requires a prior authorization from the Reserve Bank of India (“RBI”). The application seeking authorization entails careful planning, comprehensive documentation, drafting and approval of various policies etc. It is an elaborate process which encompasses involvement of multi-disciplinary teams that undertake various facets associated with the application to the RBI.
How we can help:
Our team can provide advise and end-to-end assistance, right from the conception stage till obtaining the certificate of registrations/ authorization. Specifically, our team can help:
- Aligning the proposed business model with the prescribed regulations
- Addressing the nuances in the application process and being able to pro-actively submit such information at the time of making the application to save time
- Collating various documents and certificates that are necessary to form part of the application
- Assistance in providing clarifications to any specific queries that may be raised during the screening of the application
- Assistance in drafting various policies that are prescribed under the regulations