Policing the Banks: Analyzing India’s New Anti-Corruption Regulations for Private Banks

After the Indian Supreme Court’s recent ruling that employees of privately owned banks qualify as “public servants” under India’s anti-corruption statute, a drastic regulatory shift for private Indian banks is expected. In a guest article, Pallav Shukla, an attorney at Trilegal, explains the Court’s ruling, discusses its general impact on policy, details the specific regulatory impact on the banking business in India and makes recommendations for how banks operating in India can protect themselves. See “Tailoring Compliance Efforts to Address Challenges in India” (Feb. 1, 2017).

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