Spice Route Legal
Kanakprabha Jethani
Education
What Kanakprabha brings to the table?
Kanakprabha is a Consultant with the Regulatory and Compliance team at Spice Route Legal. She regularly advises a diverse set of clients – from NBFCs and traditional lenders to brokers, SEBI intermediaries, and Insurance companies – on navigating India's complex regulatory landscape.
Her practice spans a wide spectrum of regulatory frameworks, including those governed by the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), and the International Financial Services Centers Authority (IFSCA). She has significant experience in advising on product structuring, regulatory authorisations, and day-to-day compliance for entities operating in digital lending, capital markets, payments, insurance distribution, and more.
Kanak has particular depth in lending structures, having worked with clients on models ranging from microfinance and gold loans to credit lines, payday loans, and other next-generation personal lending products. She also frequently assists clients with cross-border structuring, FEMA compliance, and fundraising strategies from overseas investors.
Her comprehensive, regulator-agnostic understanding makes her a valuable advisor to investment advisers, research analysts, mutual fund distributors, AIFs, insurance brokers, corporate agents, and payment service providers alike.
Representative matters:
- Advised India’s second-largest financial services conglomerate and fifth-largest business group on all the regulatory frameworks regarding the structure and launch of its super-app for a range of financial services within one mobile app.
- Advised one of India’s leading NBFCs on navigating regulatory concerns around digital lending, with a particular emphasis on data collection, usage, and privacy compliance.
- Advised a leading New York-based bank on its India-facing strategy, including regulatory considerations for operating a liaison office, employee visits, permissible marketing activities, and the scope of reverse solicitation.
- Assisted an NBFC specialising in loan recoveries in formulating a business plan for submission to the Reserve Bank of India (RBI), while also assisting the client in responding to a show cause notice concerning potential licence cancellation.
- Assisted a leading payouts platform in preparing and filing an application with the RBI for compounding of contraventions under the Foreign Exchange Management Act (FEMA).
