May marked several sweeping regulatory developments in the fintech space. While the proactive approach of the RBI in monitoring the NBFCs caused a stir, several other key developments also made the he...
The Government of India through the Ministry of Finance recently notified key amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 by easing out FDI-ODI swaps, relaxing norms for FPI investments and clarified investments in white label ATM operations, marking a significant shift in India’s foreign investment landscape and enhancing opportunities for domestic and international players to optimize investments in India and abroad.
In this article, INDUSLAW's Winnie Shekhar and Shantanu Singh analyse the key amendments and their potential impact on cross-border investments, along with areas where further clarity will be needed from a regulatory standpoint.
