The fall of Lehman Bros. and consequent crash in the world markets has changed the banking and finance scenario the world over. We expect this space to become more complex and sophisticated in the near future as new norms and regulations are brought into place by financial regulators. On the other hand, Indian regulators are taking major initiatives for financial inclusion, to ensure access to appropriate financial products and services across various sections of the society in a fair and transparent manner. Financial inclusion has become one of the most critical aspect in the context of inclusive growth and development whereby each citizen of the country is able to use earnings as a financial resource that can be put to work to improve future financial status and in turn, add to the nation's progress. The banking sector has taken a lead role in promoting financial inclusion. The regulatory landscape for debt will continue to evolve as Basel III works its way through the markets. The regulations are likely to increase the price and reduce the supply of long-term debt.
India's financial services sector has generally seen strong growth over the years, driven by rising personal incomes, corporate restructuring, financial sector liberalization and growth of a more consumer-oriented, credit-oriented culture. This has lead to increased demand for financial products such as retail loans, insurance and pension products. Our Banking & Finance team are well-aware of the ever changing requirements and norms and challenges posed by this sector and can handle each assignment with detailed precision and expertise.
On the other hand, while financial requirements undergo a constant change, debt instruments remain an important way of funding enterprises. Our Banking & Finance team consists of lawyers focusing on all aspects of law relating to banking and finance, syndicated and structured, including asset finance, debt finance (rupee as well as foreign currency denominated), mutual funds and insurance. Our lawyers understand the technicalities and sensitivities involved in such assignments, whether acting for the borrower or the lender.
Our gamut of services in this area of practice includes preparing, reviewing, negotiating and finalising, facility agreements, common loan agreements, guarantee facility agreements, inter-creditor agreements, security agreements, rupee facility agreements, security trustee agreements, trust and retention account agreements, ISDA (International Swaps and Derivatives Agreements) and escrow agreements. In addition we assist in the structuring and registering of funds with SEBI (Securities and Exchange Board of India) as well as advising on offshore investments in India. We also assist NBFCs (Non Banking Financial Companies) in understanding and observing the regulations issued by RBI (Reserve Bank of India) from time to time.